The European Bank for Reconstruction and Development (EBRD) has granted the Turkish renewable energy developer Adnan Polat Enerji Yatirimi A.S. (APEY) a US$100 million financing to develop further 203 MW renewable energy capacity in Turkey in the next three years.
The loan financing is part of the financial package jointly provided by Turkiye Is Bankasi, Turkiye Sinai Kalkinma Bankasi (TSKB), and Garanti BBVA. APEY is jointly owned by Maxis and Polat Holding.
The expansion plan will consist of 53 MW wind power plants and 150 MW solar photovoltaic capacities that are expected to provide up to 438,000 GWh of clean energy to the Turkish grid annually.
Country updates
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November 25, 2021
Assystem gets assessment work for 50 MW solar project in Sivas
Assystem has been selected by a major Turkish energy provider to conduct an environmental and social impact assessment for a 50 MW solar photovoltaic plant in Sivas, Turkey. Assystem will establish a...
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November 23, 2021
Nordex receives order from Enerjisa Üretim for 68.4 MW Erciyes wind project
Nordex Group has secured a contract to supply and install twelve N163/5.X turbines for the 68.4 MW Erciyes wind farm project in Turkey from Enerjisa Üretim. The contract also includes a Prem...
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November 23, 2021
GE, UK Export Finance agree to support 1.35 GW Karapinar solar project
GE and UK Export Finance (UKEF), UK’s export credit agency, have reached an agreement to finance Kalyon Enerji’s 1.35 GW Karapinar solar project in Turkey. Located in the Konya Karapinar...
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April 15, 2021
Nordex Group to power 211 MW Istanbul wind project
The Caba Grup has ordered 39 N133/4800 turbines from the Delta4000 series for the second construction phase of the Istanbul wind farm. The order also includes a Premium Service contract for the turbin...
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February 19, 2021
Hitachi ABB Power Grids awarded US$20mn deal to deliver transmission link in remote Turkish region
Hitachi ABB Power Grids Ltd. has secured a US$20 million order from TEİAŞ, the transmission system operator for electricity in Turkey, to supply power transformers for an ambitious grid expansion proj...
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