EBRD Forking Out Credit For Raising Wind Power Plants In Türkiye

2025-11-04 02:04:58

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 4. The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to $200 million to Enerjisa Enerji Üretim A.Ş., one of Türkiye's largest independent energy companies with an installed capacity of 4.2 GW, Trend reports via the EBRD.

The funding, stretching over a term of up to eight years, will back the development and construction of the second phase of the YEKA-2 wind energy project, which encompasses the Gaia, Falp, and Arturna wind farms.

"The combined installed capacity of the facilities will be up to 250 MW, with an annual output of approximately 630 GWh of clean electricity, reducing CO2 emissions by approximately 220,000 tons per year.

The total project cost is estimated at $399 million. The initiative is in line with the EBRD's priorities of promoting green and inclusive growth.

Under the green component, the project contributes to climate change mitigation by increasing the share of renewable energy generation. Under the inclusive component, Enerjisa will establish two local centers-a Vocational Qualification and Certification Center (VQCC) to address labor market needs and a social enterprise that will support the development of agriculture, livestock farming, and tourism in the affected regions," the bank statement said.

The project will also be part of a just transition away from coal generation in Türkiye, opening new doors for economic opportunities and lending a hand to women's involvement in the energy sector.

"The EBRD and Enerjisa will collaborate to incorporate private sector proposals into the national just transition strategy," the statement added.

To note, by mid-2025, Turkey possesses about 400 wind farms comprising over 4,360 wind turbines, culminating in an excess of 13 GW of wind generating capacity. The nation possesses seven manufacturing plants for towers, four for blades, and four for generators, signifying a robust and burgeoning domestic sector that provides a substantial portion of its wind energy technology.

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