Share the page
In Turkey, Proparco supports Enerjisa in its green strategy
Published on
Proparco has arranged a $115 million green loan with the participation of the German development finance institution DEG (as part of our Friendship Facility) for Enerjisa Enerji Üretim A.Ş. (Enerjisa Üretim), Turkey's leading and most diversified private power producer, with approximately 3.8 GW of installed capacity. This green loan from Proparco and DEG (and of which Proparco’s share is of $75 million) is part of a senior debt round for the project totaling over $1 billion, arranged by JP Morgan, U.S. International Development Finance Corporation (DFC), KfW-Ipex, HSBC and Akbank.
This financing will enable Enerjisa to concretely develop its green strategy, moving from a portfolio of predominantly thermal projects to a majority of renewable projects.
The funds will be used for the development of 9 onshore wind power plants (WPPs) with a combined capacity of 750MW, located in western Turkey, (Aydın, Balıkesir and Çanakkale regions) under Turkey’s Renewable Energy Resource Area 2 (YEKA-2) framework. The project will thus contribute to Turkey’s ambitions of improving its energy mix through the addition of renewable energy capacity and the country’s energy independence.
Emmanuelle Riedel Drouin, Global Head of lending operations at Proparco said: “We are thrilled to support Enerjisa, a leading energy producer in Turkey, in adding 750MW of wind power capacity. This represents a significant milestone in Enerjisa’s green strategy and will contribute to achieving Turkey’s climate goals.”