Alto Holding A.S. has secured a financing package from German banks Landesbank Baden-Wurttemberg (LBBW) and KfW IPEX-Bank for US$157 million expansion plan of its Karaburun wind farm project.
The banks will provide US$95 million tranche covered by credit insurer Euler Hermes and a mezzanine tranche worth the equivalent of US$39 million.
The expansion plan of the project will double the capacity of the wind farm to 252 MW. The first phase of the project is developed by Enercon.
Country updates
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May 20, 2020
Turkey to launch 1 GW solar tender
The Government of Turkey, through its Ministry of Energy, is set to launch a solar tender for an accumulated generating capacity of 1 GW under the national Renewable Energy Resources Area Project...
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March 11, 2020
GE to supply turbines for the 70 MW Guney wind farm in Bursa
GE Renewable Energy has been selected by Sanko Enerji to provide 12 Cypress units and 2 units of 3 MW for the 70 MW Guney wind farm Located in Bursa, Turkey. The wind farm is expected to produce enou...
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March 06, 2020
Nordex to supply wind turbines for 120 MW Evrencik wind project in Kirklareli
The Nordex Group has received an order to supply and install 27 N149/4.0-4.5 turbines for the 120 MW Evrencik wind farm, owned by Evrencik Elektrik. The contract also includes a Premium Service agreem...
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January 30, 2020
EBRD approves US$37mn loan for Kiyikoy wind farm extension project
The European Bank for Reconstruction and Development (EBRD) has approved the US$37 million loan to Alenka Enerji Uretim ve Yatirim for the development of the 72 MW extension project of the K...
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December 17, 2019
Nordex to supply turbines for 62.4 MW Mersinli wind project in Torbali
The Nordex Group has secured a supply order of thirteen N133/4.8 turbines, the strong-wind variant of the Delta4000 series for the 62.4 MW Mersinli wind project that will be built near Torbali, about...
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