The European Bank for Reconstruction and Development (EBRD) has agreed to provide $200m (€172m) in financing to support new wind power facilities in Muğla, Türkiye.
EBRD is providing the financing to Enerjisa Enerji Üretim (Enerjisa Üretim), a Turkish independent power producer (IPP) owned by Sabancı Holding & E.ON.
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The funding will support the construction of wind plants with a combined capacity of 250MW, a part of Enerjisa Üretim’s 1GW wind energy portfolio.
The project is expected to generate around 630GWh of electricity each year, which is said to offset around 221,000 tonnes of CO2 emissions annually.
It also aligns with Türkiye’s renewable energy targets and net zero commitments, while reducing the country’s dependency on fossil fuel imports.
Energy Eurasia EBRD head Şule Kılıç said: “We’re pleased to support our longstanding client, Enerjisa Üretim, in growing its renewable energy portfolio.
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By GlobalData“Not only will this project create new green energy capacity, bringing cleaner and cheaper electricity, but it will also contribute to broader economic and social benefits.
“Partnering with Enerjisa Üretim reflects our commitment to scale up renewables in Türkiye and ensure the benefits reach people and communities.”
In addition to Türkiye’s energy security and green economy, the project will include measures to address workforce transitions in the energy sector.
Enerjisa Üretim will establish a vocational qualification and certification centre to provide nationally accredited training programmes.
These programmes are designed to reskill workers from the coal sector for employment in the renewables, agriculture, and tourism industries, supporting Enerjisa Üretim’s Just Transition agenda.
Since 2009, the EBRD has invested more than €23bn across over 500 projects in Türkiye, primarily in the private sector.
Enerjisa Üretim CFO Mert Yaycıoğlu said: “As Türkiye’s largest independent power producer, Enerjisa Üretim is firmly committed to accelerating the country’s energy transition through sustainable and renewable investments.
“Our 4.2GW of installed capacity, coupled with a solid pipeline of at least 1.5GW and a portfolio increasingly focused on wind, solar and innovative energy technologies, allows us to see renewable energy not only as a growth area but as a long-term responsibility towards energy security, climate resilience and future generations.
“Partnerships with institutions such as the EBRD are instrumental in scaling this ambition and reinforcing Türkiye’s role in the global green energy transformation.”
In September, EBRD announced a comprehensive finsancing package for the development and construction of a 200MW wind farm in Egypt, under a joint venture between Infinity Power and Masdar.
In October, EBRD announced a €79.5m ($92.3m) loan to Lithuanian utility Ignitis Group, to help build the largest onshore wind farm in the Baltic region.
