Turkish company Zorlu Energy initiates IPO of its renewables subsidiary
Zorlu Renewables, the largest geothermal power plant operator in Turkey, is preparing for a stock market debut
State-owned EÜAŞ dominates top list of electricity producers in Turkey
The annual MW100 Turkey report reveals the biggest players in installed capacity, electricity production and across sectors
Zorlu to expand Alaşehir geothermal power plant with 3.6 MW solar unit
Zorlu Energy will turn its 45 MW geothermal power plant in Alaşehir into one of the first hybrid systems in Turkey by integrating it with a solar power plant that it plans to install at the site. Zorlu Enerji Elektrik or Zorlu Energy, which is planning to launch an initial public offering for its renewables […]
Zorlu Energy merging its geothermal, renewables businesses for IPO
Zorlu Enerji Elektrik or Zorlu Energy intends to establish a renewables subsidiary and prepare it for an initial public offering. The new company, Zorlu Yenilenebilir Enerji, will focus on geothermal projects, according to the agenda prepared for the general assembly next month. Zorlu Jeotermal Enerji Elektrik, Zorlu Doğal Elektrik and Rotor Elektrik, fully owned subsidiaries […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
Turkish Zorlu Energy, US First Solar looking to build solar panel plant in Turkey
Turkish power company Zorlu Energy Group is negotiating with the US company First Solar on the construction of a solar panel factory in Turkey. Zorlu Energy Group President Sinan Ak told Turkish media that First Solar wants his company to take over solar panel distribution in 26 countries before committing to the construction of the […]
Zorlu Energy to distribute First Solar’s PV modules in 26 countries
American solar panel manufacturer First Solar announced that it has entered into a collaborative sales agreement with Zorlu Holding, a Turkish business and industrial conglomerate. Zorlu Energy is to distribute First Solar’s high-performance thin film photovoltaic (PV) modules in 26 selected markets. The sales agreement is the latest of its kind to be signed by […]
Toshiba to supply geothermal plant with flash turbine
Zorlu Energy – Enerji Elektrik Üretim AŞ, independent power producer and member of Zorlu Energy Group – Grubu, will construct its 95 MW power plant Kızıldere 3 using solutions provided by Toshiba Corp. The Turkish company ordered a flash steam turbine system and generator for its geothermal project in Aydın province of West Anatolia, 150 […]