Turkey: EBRD financing with US$ 50 million four wind farms, US$ 52 million nine solar projects

The EBRD, a leading financier of renewable energy in Turkey and its other regions of operations, is providing a financing package of up to US$ 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar PV plants with a combined capacity of 327MW.

The company is investing in four new wind farms with a total capacity of 242 MW: Ucpinar (99 MW), Kocalar (26 MW) and Hasanoba (51 MW) in Çanakkale, a province in north-western Turkey on the Dardanelles Strait, and Denizli (66 MW) in the eponymous province in the south west of the country.

For nine new solar photovoltaic plants in five locations across Turkey, the EBRD is lending up to US$ 52 million. The combined capacity of the new solar PV plants will be 85MW.

source EBRD


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