Borusan EnBW Wind power expansion (115.4MW)

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This project consists of the development and construction of 116 MW of onshore wind-energy capacity in Türkiye, with sites located in Sivas and Tekirdag. The initiative includes the implementation of the 80 MW Pelit Wind Power Plant (RES) and a 36 MW capacity expansion at the Balabanli RES. Once operational, these projects will generate approximately 382 GWh of renewable energy annually, contributing to a reduction of 243,000 tonnes of CO2 emissions per year. The sponsor for this initiative is Borusan EnBW Enerji, a leading renewable energy company in Türkiye and a joint venture between Borusan Holding and Germany’s EnBW AG. The total project financing amounts to $152.3 million, secured from a consortium of lenders including the European Bank for Reconstruction and Development (EBRD), Akbank, Türkiye Is Bankasi, and the Industrial Development Bank of Turkey (TSKB). Of this, the EBRD is providing $60 million (€55 million). Financial close is achieved in August, 2024. https://www.ebrd.com/news/2024/ebrd-financing-to-expand-renewables-capacity-in-trkiye.html; https://www.ebrd.com/work-with-us/projects/psd/55447.html; https://www.borusanenbw.com.tr/basin-odasi/basin-bultenleri/borusan-enbw-enerji-nin-ruzgar-enerji-santrali-yatirimlari-icin-120-milyon-dolarlik-finansman https://www.ebrd.com/news/2024/ebrd-financing-to-expand-renewables-capacity-in-trkiye.html; https://www.ebrd.com/work-with-us/projects/psd/55447.html; https://www.borusanenbw.com.tr/basin-odasi/basin-bultenleri/borusan-enbw-enerji-nin-ruzgar-enerji-santrali-yatirimlari-icin-120-milyon-dolarlik-finansman