European bank invests in Turkish wind power project

29 April 2012 (Last Updated April 29th, 2012 18:30)

The European Bank for Reconstruction and Development (EBRD) is providing a €135m loan to Enerjisa, a power generation company, to finance the construction of the 142.5MW Enerjisa Bares WPP wind farm in Balikesir, Turkey.

wind farm

The European Bank for Reconstruction and Development (EBRD) is providing a €135m loan to Enerjisa, a power generation company, to finance the construction of the 142.5MW Enerjisa Bares WPP wind farm in Balikesir, Turkey.

The on-shore independent wind farm will consist of 52 wind turbines and will be Turkey's largest wind farm once completed in the second half of this year.

EBRD director of power and energy utilities team Nandita Parshad said, "The EBRD's financing will help the country to increase the share of renewable energy in its energy mix, providing a significant contribution towards Turkey's green energy targets."

Enerjisa CFO Bernhard Raberger added, "We are targeting to increase the share of renewable energy sources in the portfolio of Enerjisa which aims to install a capacity of 5.000 MW by 2015, in order to meet the electricity demand in Turkey in the most reliable and environmentally-friendly manner."

The new farm will increase the nation's current installed wind generation capacity of around 1.8 GW by about 8%.

Turkey is aiming to connect 10GW of wind capacity to the grid by 2020.

Image: The new wind farm will consist of 52 wind turbines and will have a generation capacity of 142.5MW; Photo: dan.