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Mare Manastir Wind Farm Expansion

Sector: Wind • Location: Turkey

Source: World Bank Group

Project
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The project envisages the expansion of the existing Mare Manastir 42.4 MWm (39.2 MW) wind farm in Izmir, Turkey. The expansion work will add further 13.8 MWm (12.8 MW) to the facility.

Under Turkish policy for renewable energy the national grid is obliged to purchase the output. Moreover, the plant may sell electricity to the spot market as well.

The project reached financial closure on December

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The project “Mare Manastir Wind Farm Expansion” is an infrastructure initiative in the Wind sector, located in Turkey. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project envisages the expansion of the existing Mare Manastir 42.4 MWm (39.2 MW) wind farm in Izmir, Turkey. The expansion work will add further 13.8 MWm (12.8 MW) to the facility. Under Turkish policy for renewable energy the national grid is obliged to purchase the output. Moreover, the plant may sell electricity to the spot market as well. The project reached financial closure on December 23 2016 after tyiing up funds from Garanti Bank amounting to EUR 9.7 million ($10.1 million). Equity contribution equals $6.6 million split equally between the two sponsors - Demirer Holding and Enercon GmbH.

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