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Akfen Enerji Wind Portfolio

Sector: Wind • Location: Turkey

Source: World Bank Group

Project
Active

The project entails the construction of 4 Wind Farms, part of Akfen Enerji portfolio in Turkey (99MW Ucpinar, 66MW Denizli, 51MW Hasanoba, 26MW Kocalar), SPV is Akfen Enerji, the renewable energy arm of Akfen Holding. The sponsor provides $ 60 million in equity, EBRD provides a $ 50 million loan, while a consortium of four provides provides the rest of finance ($ 260 million). The PPA period of t

Status
Prospective
Sector
Wind, Power Generation (CCGT), Raw Materials, Commercial, Government
Location
Turkey
Updated
22 Jul 2026
Source
World Bank Group

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Project Information

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The project “Akfen Enerji Wind Portfolio” is an infrastructure initiative in the Wind sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Company

Status

Original status

Active

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The project entails the construction of 4 Wind Farms, part of Akfen Enerji portfolio in Turkey (99MW Ucpinar, 66MW Denizli, 51MW Hasanoba, 26MW Kocalar), SPV is Akfen Enerji, the renewable energy arm of Akfen Holding. The sponsor provides $ 60 million in equity, EBRD provides a $ 50 million loan, while a consortium of four provides provides the rest of finance ($ 260 million). The PPA period of the project is 49 years. Debt is provided by European Bank for Reconstruction and Development (EBRD) $ 50 million, Garanti Bank ($ 65 million), Turkey's Is Bank ($ 65 million), Vakifbank ($ 65 million) and Yapi Kredi Bank ($ 65 million) provided a total of $ 310 million. No information about which banks other than EBRD financed this portfolio of the company. Financial close took place on July 13, 2018. https://ijglobal.com/data/transaction/43291/akfen-renewables-wind-portfolio-242mw http://akfenren.com.tr/upload/docs/2018/Ucpinar_NTS_TR.pdf https://www.dailysabah.com/energy/2018/09/20/akfen-secures-363m-loan-from-6-banks-for-energy-projects

Original sector

Energy

Budget

Location

Country

Turkey

Source

Source

World Bank Group

URL

More Details

Record type

Project

Sector

Wind, Power Generation (CCGT), Raw Materials, Commercial, Government

Article published date

2024-05-21

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