The Ministry of Energy and Natural Resources of the Government of Turkey is seeking developers for a 1,200 MW offshore wind farm, intended to be the largest in the world.
Energy Finance & Investment News in Turkey
LNG Gaz Uretim Depolama ve Satis AS has received approval to develop onshore LNG production and storage facilities in the midwestern and northern Anatolian regions of Turkey. This is the first project of its kind to be approved in the country.
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a senior loan of up to US$100 million to a special purpose vehicle, fully owned by Entek Elektrik Uretimi A.S., for the acquisition of the operating rights for two hydropower plants: Menzelet (124 MW capacity) and Kılavuzlu (54 MW). The rights will be acquired from the Privatization Administration of Turkey.
Statkraft, a Norwegian renewable energy operator, has sold its 517 MW Cetin hydroelectric plan located in Turkey to Limak Holding.
Eight international consortia including European, Chinese and US-based partnering with local businesses, have submitted bids in Turkey’s first wind energy tender involving 1-GW of capacity.
A joint venture formed by Kalyon Enerji and Hanwha Q CELLS won the tender to build a 1 GW solar photovoltaic (PV) plant in the Karapınar region in Turkey on March 20th,2017.
General Electric (GE), Borusan EnBW Enerji, Fina Enerji and Özgül Holding signed Memorandum of Understanding to collaborate on the installation, operation and financing of a joint wind farm as part of the YEKA, the largest wind project in renewable energy in Turkey.
NextEnergy Solar Fund Limited (NESF) has announced the signing of a £150 million (US$189 million) debt facility with a syndicate of lenders including Macquarie Infrastructure Debt Investment Solutions (MIDIS), National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA).
Accordijg to Bloomberg, the European Investment Bank (EIB) will allocate one billion euros to finance the construction of the Trans-Anatolian Pipeline (TANAP) project.
Gestamp Wind has set into operation seven new wind farms, with a combined power of 152 MW, and is also developing 216 MW of wind power.
The European Bank for Reconstruction and Development (EBRD) is acquiring a 20 % stake in the renewable energy subsidiary of Akfen Holding, infrastructure groups of Turkey.
Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of €208 million. The total consideration will be adjusted at closing.
Hanwha Q CELLS Turkey, the Turkish branch of Hanwha Q CELLS Co., Ltd., has closed financing for a 18.3 MW photovoltaic power plant in Turkey
Gamesa has signed new contracts to supply 52.5 MW in Turkey, 10 MW in Cyprus, and 10 MW in Kuwait.
The Turkish government has launched tender processes for the privatization of a pair of combined cycle and gas turbine power plants.
The German juwi Group is currently constructing seven PV solar plants with a combined capacity of 7.4 MW in the Turkish municipality of Denizli.
Mitsubishi Corporation (MC) has recently announced that MC entered into a strategic alliance with Calik Holding (Calik), one of leading conglomerates in Turkey, and Calik Enerji Sanayi ve Ticaret A.S. (CE), a subsidiary of Calik that includes the acquisition of shares in CE and exchange of personnel.
Limak Yatirim and InfraMed Infrastructure have reached financial close for the modernisation of the 1,156 MW Hamitabat Combined Cycle power plant in Lüleburgaz Turkey.
The European Bank for Reconstruction and Development (EBRD) is mulling an equity investment of up to US$35 million to acquire up to a 20 % stake in HoldCo.