News

USTDA strengthens support for geothermal energy

Published

June 24, 2015

Comments

comments icon

0

Share

Published:

June 24, 2015

Comments:

comments icon

0

Share

United States Trade and Development Agency (USTDA) awarded a grant to Turcas BM Kuyucak Jeotermal Elektrik Üretim AŞ (TBK), a Turkish joint venture owned primarily by BM Holding and Turcas Energy Holding. The grant funds a feasibility study that will evaluate the technical and  financial specifications for a geothermal energy project with a capacity of 13.2 MW, the agency said in a press release.

„We are very proud to have supported, either directly or indirectly, a substantial amount of Turkey’s more than 300 MW of operational geothermal energy,” said Heather Lanigan, USTDA’s country manager. „This project in Kuyucak will expand on that success, and will also build upon USTDA’s continued efforts to support renewable energy deployment in Turkey.”

This grant is USTDA’s third feasibility study supporting geothermal development in Turkey, and follows the implementation of two USTDA-supported projects by Gurmat Energy Investment and Trade Co. and Zorlu Energy Group. To facilitate further collaboration, in 2013, USTDA hosted Turkish delegates on a weeklong reverse trade mission that familiarized participants with U. S. geothermal energy expertise, products and services. Building upon the success of the RTM, in 2014, USTDA organized a workshop in Ankara that brought together experts and companies from both Turkey and the United States to discuss new technologies, best practices and upcoming project opportunities, the agency said.

Related Articles

DRI OMV Petrom Romania largest physical PPA

DRI, OMV Petrom sign Romania’s largest physical PPA so far

21 December 2024 - The new physical solar power purchase agreement between DRI and OMV Petrom is the largest ever in Romania

Renewable energy project frenzy in Greece defies curtailments, grid constraints

Renewable energy project frenzy in Greece defies curtailments

20 December 2024 - Applications for new renewable energy projects continued unabated in Greece in 2024 according to Independent Power Transmission Operator

croatia subsidies bih municipalities climate change

Croatia to grant EUR 5 million for climate action projects in BiH

20 December 2024 - The Ministry of Environmental Protection and Green Transition has issued a call for awarding funds for climate action projects

north macedonia esm kfw bogdanci bitola solar wind uncev Moritz Remé

North Macedonia’s ESM secures loan, grant for solar projects, wind farm Bogdanci

20 December 2024 - The solar power plants will be installed within coal mining and energy complexes REK Bitola and REK Oslomej