The renewable energy unit of Akfen Holding has commenced the operation of its 26 MW Kocalar wind farm located in Çanakkale, a province in north-western Turkey on the Dardanelles Strait.
The facility is expected to generate up to 60,000 MWh of energy per year enough for the consumption of up to 120,000 consumers annually and offsets about 48,000 tonnes of carbon dioxide (CO2) emissions.
In September 2018, the European Bank for Reconstruction and Development (EBRD) has granted US$102 million financing package for the development of the project.
Country updates
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March 26, 2019
EBRD buys carbon credits from Turkish wind park
The European Bank for Reconstruction and Development (EBRD) has acquired the carbon credits from the 77 MW Edincik wind farm in Turkey to offset its emissions. The carbon credits will be us...
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February 04, 2019
Palmet Enerji bids for EWE’s Turkish energy assets
Palmet Enerji has agreed to acquire EWE's Turkish energy assets after Azerbaijan state oil company SOCAR dropped out of the deal. The deal represents an investment between EUR130 ...
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January 30, 2019
US$4.4 billion financial close for Trans-Adriatic Pipeline
The Trans Adriatic Pipeline (TAP) successfully completed financial close in December 2018, securing EUR3.9 billion (US$4.44 billion) - the largest project finance agreed for a European infrastructure...
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December 04, 2018
Siemens Gamesa discloses new projects totaling 263 MW
Siemens Gamesa Renewable Energy (SGRE) continues to reinforce its strong market position with the supply of 263 MW to onshore wind projects in Sweden, Norway, Germany and Turkey. The turbines typ...
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September 12, 2018
EBRD to finance 327 MW renewable projects in Turkey
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a financing package of up to US$102 million to the renewable energy arm of the Turkish conglome...
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