Renewables

Investment in hydro plant operator vehicle planned by EBRD

Published

May 8, 2015

Country

Comments

comments icon

0

Share

Published:

May 8, 2015

Country:

Comments:

comments icon

0

Share

European Bank for Reconstruction and Development said it is considering an equity investment of up to USD 35 million (EUR 30.73 million) to acquire up to a 20% stake in holding company HoldCo, a vehicle to be established as a 100% owner of five operating run-of-the-river hydropower plants (HPPs) currently owned by Rönesans Enerji and partners.

The five plants have an installed capacity of 114 MW and are located in the northern part of Turkey.

EBRD said it will be making the investment alongside energy companies Edison SpA and Rönesans Enerji.

The project will increase competition and foreign direct investments in Turkey by bringing an experienced European energy company into the market, the project summary document said. The target board date is June 10.

The participation of Edison, which is considering the investment in parallel, would lead to an increase in competitive pressure and induce further efficiencies in the way the power market operates and its participants behave, the announcement said.

The project will also set standards for corporate governance and business conduct as the bank, jointly with Edison, will review the management systems and permitting procedures inclusive of the existing stakeholder engagement plans and through the implementation of an environmental and social action plan (ESAP) introduce best practice in running of the hydro facilities, EBRD said.

Related Articles

Serbia EPS starts trial operation of its Petka PV plant on coal tailings dump

Serbia’s EPS starts trial operation of its Petka PV plant on coal tailings dump

14 July 2025 - EPS connected its first larger solar park, called Petka, to the grid. The new facility is in its coal complex Kostolac.

GGF grows direct lending energy transition energy security

GGF grows direct lending, committed to energy transition, energy security

11 July 2025 - In its Impact Report 2024, Green for Growth Fund outlined powering the green transition across Southeast Europe, the Caucasus and beyond

romania energy storage battery visual fan alview renovation contract

Visual Fan to install BESS facility of 65 MWh for Renovatio Trading

11 July 2025 - Visual Fan was hired to install a 65 MWh battery energy storage system for Renovatio Trading in Toplița in Romania’s Harghita county

china wind solar projects pipeline construction global energy monitor

Three quarters of global solar, wind capacity under construction is in China

11 July 2025 - All prospective projects in the world are for 4,484 GW in total capacity. China accounts for 1,302 GW, followed by Brazil, Australia, US