Dogan Mersin Wind Farm

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Mersin wind farm is a 33 MW wind power plant located in Mut district of Mersin province. The plans is to generate 12kWh of electricity and service to the 12,000 households. In March 2010, Akdeniz Eletrik Uretim, a subsidiary of the Agaoglu Group [Turkey], began operating this 33 MW wind farm in Mersin. The company invested $US58.06 million (TRY 90 million) in the plant and the construction works were finalized in eight months. The online date was used as proxy for financial close date for projects where financial close date could not be verified (i.e. for projects financed with corporate loans or all equity finance basis). In July 2012, the project was sold by Akdeniz Insaat Egitim Hizmetien, part of Agaoglu Group, to Dogan Enerji Yatirimlari, subsidiary of Dogan Holdings (IST: DOHOL). Total price was EUR 68.7 million (US$ 89.3 million). SeeNews Renewables, Dogan Enerji closes buy of 126 MW of wind farms from Agaoglu, 5 July 2012.