EBRD lends USD 110m to support wind investments in Turkey

The European Bank for Reconstruction and Development (EBRD) today said it is lending USD 110 million (ERU 101m) to Turkey’s Enerjisa Enerji Uretim to help the company expand its wind power portfolio.

The loan will finance wind capacity extension projects of 51.6 MW and the acquisition of a 55-MW wind power plant already in operation.

Enerjisa Uretim is an independent power producer with 3.7 GW of installed capacity, including 332 MW of wind power plants and 9 MW of solar capacity, according to its website. It is owned by a joint venture between Sabanci Holding and E.ON.

“The Bank’s engagement with Enerjisa Uretim started more than a decade ago through the financing of Bares Windfarm which was the largest wind power plant in Turkiye at the time,” noted Nandita Parshad, EBRD Managing Director of Sustainable Infrastructure.

Enerjisa Uretim’s projects supported by the loan are expected to remove 52,000 tonnes of carbon dioxide emissions a year from Turkey's power system and will also seek to provide opportunities for women and youth.

(USD 1 = EUR 0.918)

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