Kalyon Enerji's 390 MW solar project

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This project consists of construction and operation of a 390 MWp solar power initiative located across seven sites in the Turkish provinces of Bor-Nigde, Gaziantep, and Sanliurfa-Viransehir. Once completed, the project is expected to generate enough renewable electricity to power over 80,000 households in Turkey annually, contributing to the country’s transition to a low-carbon economy and increasing its renewable energy capacity. The sponsor for this initiative is Kalyon Enerji, a Turkish renewable energy investment company. The financing for the project amounts to $271.91 (€249) million, structured as a Green Loan and arranged by Standard Chartered, which acted as the Structuring Bank, Green Loan Coordinator, Lead Arranger, and Lender. The financing is supported by export credit guarantees from UK Export Finance (UKEF) and KUKE, Poland’s export credit agency, with UKEF guaranteeing 100% of the loan and over $133.22 (€122) million reinsured by KUKE. Financial close is achieved on August 8, 2024. https://www.sc.com/uk/2024/08/08/standard-chartered-arranges-eur249-million-financing-for-solar-project-in-turkiye/; https://www.gov.uk/government/news/uk-and-poland-target-green-exports-with-249-million-financing-for-solar-project; https://kuke.com.pl/en/news-and-insights/kuke-and-ukef-supports-eur249-million-loan-for-solar-project-in-turkiye