Connection

popular articles

Rosatom’s RITM-200N: A nuclear reactor for remote areas
Fengate Inaugurates 160MW Prairie Switch Wind Project in Texas
Iran surpasses Iraq in gas flaring to become world number two
USDA Invests $16.6 Million in a Hydroelectric Power Plant in Kentucky
Qualitas Energy Acquires 56.7 MW Wind Power Project in Germany

EBRD Supports Wind Power in Turkey

The EBRD, the European Bank for Reconstruction and Development, is providing up to $45 million in financing to Galata Wind Enerji.

Please share:

The EBRD, the European Bank for Reconstruction and Development, is providing up to $45 million in financing to Galata Wind Enerji.

Support for the sector

The EBRD wishes to increase the wind capacity of the company Galata Wind Enerji. The objective is to accelerate Turkey’s transition. This new loan will finance up to 50MW of wind power plant expansion projects in Mersin and Balikesir.

Aida Sitdikova, EBRD Director for Energy, Eurasia, Middle East and Africa says:

“Loans like these are critical to enabling the private sector to work toward a renewable future. We are pleased to work with a partner like Galata Wind on this project and will continue to support renewable energy investors in Turkey.”

The important wind potential of Turkey, would amount to 40-50GW against 11GW currently. Indeed, the country’s wind energy sector suffers from limited access to long-term financing.

Accelerating the energy transition

Galata Wind Enerji aims to increase its current portfolio of 269MW to 500-550MW. The company wants to develop wind energy in Turkey and Europe. Moreover, by 2030, the company aims to become a global player in this market.

EBRD is one of the leading institutional investors in Turkey. Since 2009, it has invested over €16.8 billion in 381 projects in the country. In addition, the vast majority of investments are made in the private sector.

Register free of charge for uninterrupted access.

Publicite

Latest news

United States: Enlight Announces $550 Million Financing for Solar Project in Arizona
Germany Approves Elimination of Cross-Border Gas Tax by 2025
Australia Projects 163 Million Tons of Metallurgical Coal Exports for 2024-25
A waste-based sustainable aviation fuel (SAF) project launched in Indonesia
The United States approves a 2.4 GW offshore wind project in Massachusetts

Recently published in

The United States approves a 2.4 GW offshore wind project in Massachusetts

The Biden-Harris administration has approved an offshore wind project in Massachusetts, targeting 2.4 GW capacity to power 840,000 homes.
Germany modernizes its wind farms with tripled capacity
Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
en_1140999540
Germany modernizes its wind farms with tripled capacity
Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
en_1140999540
Scotland Adds 195 MW of Wind Energy and Storage Capacity with Boralex
Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.
en_1140997540
Scotland Adds 195 MW of Wind Energy and Storage Capacity with Boralex
Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.
en_1140997540
GE Vernova secures 2 GW contract for offshore wind connection in the Baltic Sea
The Ostwind 4 project, led by GE Vernova and 50Hertz, introduces 2 GW HVDC technology to connect offshore wind from the Baltic Sea to the German power grid.
en_1140944540
GE Vernova secures 2 GW contract for offshore wind connection in the Baltic Sea
The Ostwind 4 project, led by GE Vernova and 50Hertz, introduces 2 GW HVDC technology to connect offshore wind from the Baltic Sea to the German power grid.
en_1140944540

France: VALOREM and its partners finance an 18.9 MW wind farm in Lavausseau

In Nouvelle-Aquitaine, VALOREM, Bpifrance, and Crédit Agricole announce funding for an 18.9 MW wind farm in Lavausseau. The project aims to produce 43 GWh annually, supporting the region's energy transition.
Copenhagen Infrastructure Partners invests in a 495 MW wind project in Canada
Copenhagen Infrastructure Partners (CIP) acquires a majority stake in a 495 MW wind project in Canada, with economic impact and a strategy focused on green hydrogen for Europe.
en_1140933540
Copenhagen Infrastructure Partners invests in a 495 MW wind project in Canada
Copenhagen Infrastructure Partners (CIP) acquires a majority stake in a 495 MW wind project in Canada, with economic impact and a strategy focused on green hydrogen for Europe.
en_1140933540
700 million euros invested to connect offshore wind farms to the French power grid
A 700-million-euro project aims to connect two offshore wind farms to the national power grid, strengthening strategic energy infrastructure in France.
en_1140947540
700 million euros invested to connect offshore wind farms to the French power grid
A 700-million-euro project aims to connect two offshore wind farms to the national power grid, strengthening strategic energy infrastructure in France.
en_1140947540
Ørsted sells 50% of Greater Changhua 4 Offshore Wind Farm to Cathay Life Insurance
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.
en_1140929540
Ørsted sells 50% of Greater Changhua 4 Offshore Wind Farm to Cathay Life Insurance
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.
en_1140929540

Etermar Energia and Qair join forces to develop floating wind power in the Iberian Peninsula

Etermar Energia and Qair have signed an agreement to collaborate on floating offshore wind projects in the Iberian Peninsula, strengthening their strategic ambition in this rapidly expanding market.
ENERCON Returns to Romania with a 38 MW Wind Project
After 12 years of absence, ENERCON signs a contract for a 38 MW wind farm in Romania under the PNRR program.
en_1140900540
ENERCON Returns to Romania with a 38 MW Wind Project
After 12 years of absence, ENERCON signs a contract for a 38 MW wind farm in Romania under the PNRR program.
en_1140900540
The United Kingdom Reaches a Historic Milestone in Wind Power Production and Electricity Exports
With 22 GW produced in a single day, the United Kingdom asserts itself as a leader in wind power. The growth in its exports to Europe marks a strategic advance in the energy transition.
en_1140893540
The United Kingdom Reaches a Historic Milestone in Wind Power Production and Electricity Exports
With 22 GW produced in a single day, the United Kingdom asserts itself as a leader in wind power. The growth in its exports to Europe marks a strategic advance in the energy transition.
en_1140893540
Vestas secures a contract for the Inch Cape offshore wind project in Scotland
Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
en_1140902540
Vestas secures a contract for the Inch Cape offshore wind project in Scotland
Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
en_1140902540

US Plans New Offshore Wind Auction in Gulf of Mexico for 2026

Hecate Energy and Invenergy show interest in offshore wind projects in the Gulf of Mexico, prompting US authorities to schedule an auction for 2026 despite political and economic uncertainties.
Voltalia sells a 12 MW wind farm in Charente to CNR
Voltalia, an international renewable energy company, sells the La Faye wind farm in Charente to the Compagnie Nationale du Rhône (CNR) while ensuring its technical management through Greensolver.
en_1140809540
Voltalia sells a 12 MW wind farm in Charente to CNR
Voltalia, an international renewable energy company, sells the La Faye wind farm in Charente to the Compagnie Nationale du Rhône (CNR) while ensuring its technical management through Greensolver.
en_1140809540
Agreement Signed to Develop the First 102 MW Wind Farm in Khanh Hoa Province
Nexif Ratch Energy and Khanh Hoa Province have signed a memorandum of understanding to develop a 102 MW wind power project, marking a major step forward in diversifying the region's energy mix in Vietnam.
en_1140807540
Agreement Signed to Develop the First 102 MW Wind Farm in Khanh Hoa Province
Nexif Ratch Energy and Khanh Hoa Province have signed a memorandum of understanding to develop a 102 MW wind power project, marking a major step forward in diversifying the region's energy mix in Vietnam.
en_1140807540
Canada: B.C. launches 9 wind energy projects to power 500,000 homes
Nine wind energy projects approved in British Columbia will boost the power grid by 8%, generating 5,000 gigawatt-hours annually, equivalent to the consumption of 500,000 homes. Eight of these projects include 51% Indigenous ownership.
en_1140806540
Canada: B.C. launches 9 wind energy projects to power 500,000 homes
Nine wind energy projects approved in British Columbia will boost the power grid by 8%, generating 5,000 gigawatt-hours annually, equivalent to the consumption of 500,000 homes. Eight of these projects include 51% Indigenous ownership.
en_1140806540

No Offers for Denmark’s Largest Offshore Wind Farm

Despite its 6 GW potential, Denmark’s largest offshore wind project received no offers during the auction. This setback highlights the economic challenges facing the European wind energy sector.
The AfDB Funds a Historic 1.1 GW Wind Project in Egypt
The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.
en_1140738540
The AfDB Funds a Historic 1.1 GW Wind Project in Egypt
The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.
en_1140738540
MARA invests in a wind farm in Texas to support its mining operations
MARA Holdings acquires a wind farm in Texas with 114 MW capacity, aiming to reduce energy costs and optimize its ASIC equipment for cryptocurrency mining.
en_1140748540
MARA invests in a wind farm in Texas to support its mining operations
MARA Holdings acquires a wind farm in Texas with 114 MW capacity, aiming to reduce energy costs and optimize its ASIC equipment for cryptocurrency mining.
en_1140748540
Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan
Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.
en_1140699540
Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan
Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.
en_1140699540

Swedish Defense Blocks Offshore Wind Farms in the Baltic Sea

Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.
Masdar and Silk Road Fund partner to invest USD 2.8 billion in renewable energy
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
en_1140589540
Masdar and Silk Road Fund partner to invest USD 2.8 billion in renewable energy
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
en_1140589540
Statkraft inaugurates its first wind farms in Chile to address sustainable energy challenges
Statkraft marks a milestone by inaugurating three wind farms in the O'Higgins Region of Chile. This project, with a capacity exceeding 100 MW, symbolizes the renewable energy giant's growing commitment to South America.
en_1140576540
Statkraft inaugurates its first wind farms in Chile to address sustainable energy challenges
Statkraft marks a milestone by inaugurating three wind farms in the O'Higgins Region of Chile. This project, with a capacity exceeding 100 MW, symbolizes the renewable energy giant's growing commitment to South America.
en_1140576540
Octopus Energy and Skyborn: A Strategic Partnership for Offshore Wind in France
Octopus Energy, in partnership with Skyborn Renewables, qualifies for the ninth offshore wind tender in France. This collaboration marks a significant milestone for Octopus in its international renewable energy expansion.
en_1140503540
Octopus Energy and Skyborn: A Strategic Partnership for Offshore Wind in France
Octopus Energy, in partnership with Skyborn Renewables, qualifies for the ninth offshore wind tender in France. This collaboration marks a significant milestone for Octopus in its international renewable energy expansion.
en_1140503540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS