Enerjisa Üretim, which pioneers Turkey's renewable energy transformation, took an important step to finance 750 MW wind investments within the scope of the Renewable Energy Resource Areas (YEKA) 2024 program.
A signing ceremony was held with the participation of representatives of ING Bank, DEG and KfW IPEX-Bank within the scope of the financing package prepared for Edirne and Balkaya Wind Power Plants, which is expected to reach up to 617 million dollars.
This step is a continuation of the company's financing strategy, which supports an investment program of over 2.5 billion dollars, including renewable energy investments, hybrid power plants, energy storage projects and capacity increases, especially YEKA-2 and YEKA 2024.
TOTAL INVESTMENT OF 1,750 MW
Following the 1,000 MW YEKA-2 wind investment program, Enerjisa Üretim continues its growth in the field of renewable energy with its new projects within the scope of YEKA 2024.
The investments realized in Balıkesir, Çanakkale, Aydın and Muğla within the scope of YEKA-2 are among the important examples of the company's ability to develop, finance and commission large-scale projects.
Enerjisa Üretim, which signed a financing agreement worth more than 1 billion dollars in 2024 for the 750 MW part of YEKA-2 investments, carries the experience it gained in this process to its new investments.
The 410 MW capacity Edirne Wind Power Plant and the 340 MW capacity Balkaya Wind Power Plant, planned to be implemented within the scope of YEKA 2024, will increase Turkey's renewable energy production power with a total new capacity of 750 MW.
Continuing its growth move, which includes a total of 1,750 MW of wind investment with the YEKA-2 and YEKA 2024 programs, Enerjisa Üretim aims to contribute to Turkey's energy supply security, resource diversity and increasing clean energy capacity.
COOPERATION WITH INTERNATIONAL FINANCIAL INSTITUTIONS
The financing package planned for YEKA 2024 investments consists of three tranches. ING Bank and KfW IPEX-Bank GmbH are included in the commercial loan slice of 125 million dollars of the package, which is expected to reach up to 617 million dollars in total, and the German Development and Investment Organization DEG is included in the development finance slice of 75 million dollars.
The export credit agency (ECA) supported financing tranche, which may reach up to 417 million dollars, is expected to be structured with ING Bank and KfW IPEX-Bank GmbH.
This financing package, which is a continuation of the collaborations developed with international financial institutions over the years, supports Enerjisa Üretim's long-term investment strategy and also demonstrates international financing interest in Turkey's renewable energy potential.
MORE THAN 2.3 BILLION DOLLARS OF FINANCING IN 2 YEARS
Commenting on the subject, Enerjisa Üretim Deputy CEO Mert Yaycıoğlu said, "We continue our investments with determination to realize Turkey's renewable energy potential and add long-term value to our country's energy future. Today, we are taking the experience we gained with our 1,000 MW YEKA II program one step further with our 750 MW new wind investments within the scope of YEKA 2024. These investments, in addition to our growth vision in the field of renewable energy, contribute to Turkey's energy transformation." "It is a strong reflection of our belief," he said.
Stating that YEKA investments have provided more than 2.3 billion dollars in financing in the last two years, Yaycıoğlu said, "The financing package, which is expected to reach up to 617 million dollars within the scope of YEKA 2024, is a concrete indicator of the trust our international stakeholders have in our strategy and our long-term investment vision. While we contribute to the development of Turkey's renewable energy capacity with our investment program of over 2.5 billion dollars, we also demonstrate our confidence in our country's energy future with concrete investments."
