EBRD loan to fund 150 MW of solar in Turkey – Policy

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Renewables developer Adnan Polat Enerji Yatırımı AŞ (Apey) is about so as to add 150 MW of photo voltaic capability within the Turkish market over the subsequent three years.

It has secured a finance package deal which incorporates as much as $100 million from the European Financial institution for Reconstruction and Growth (EBRD). The EBRD stated Apey will use the funds to develop 150 MW of photo voltaic and 53 MW of wind capability in Turkey over the subsequent three years.

The EBRD stated in a press launch that Apey already has a 695 MW clear power portfolio. The brand new technology capability will produce 438 TWh of fresh energy per 12 months.

“We established a joint partnership in Apey final 12 months to contribute to the renewable power sector in Turkey and to the nation’s financial development,” Apey’s mother or father firms stated in a joint assertion. “By this mortgage, Apey will additional strengthen its place within the clear power sector, decrease carbon emissions, and play a extra energetic position in securing sustainable power assets for our nation.”

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