EBRD buys stake in renewable arm of Turkey’s IC Holding
The EBRD is investing US$100 million in a stake of Ictas Surdurulebilir Enerji Yatirimlari, the renewable arm of Turkey’s IC Energy Holding.
The firm owns a portfolio of ten hydropower plants with a total capacity of 400 MW. With EBRD funds, it plans to invest in wind farms and solar projects with a combined capacity of up to 250 MW.
The EBRD investment will also partly finance the recent privatization of Kadincik hydropower plants, in Mersin, in the south of Turkey, in a move to help increase the participation of private suppliers in power generation.
Country updates
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April 10, 2019
Akfen Holding commissions 26 MW Kocalar wind farm in Çanakkale
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. T...
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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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