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Songali Wind Farm

Sector: Solar • Location: Turkey

Source: World Bank Group

Project
Active

The project entails the development of a 40 MW solar plant in Trabzon, Turkey. Sponsor of the project is Canres Elektrik Üretim A.S, which provides $11.3 million. Debt providers are Garanti Bank and Kalkinma Yatirim Bankasi with $11.04 and $35.04 million each. Total cost of the project is $57.37 million. Debt-to-equity ratio is 81:19. Financial close took place on November 19th,2020. The project

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Project Information

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

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Description

Description

The project entails the development of a 40 MW solar plant in Trabzon, Turkey. Sponsor of the project is Canres Elektrik Üretim A.S, which provides $11.3 million. Debt providers are Garanti Bank and Kalkinma Yatirim Bankasi with $11.04 and $35.04 million each. Total cost of the project is $57.37 million. Debt-to-equity ratio is 81:19. Financial close took place on November 19th,2020. The project will be fully operational by October 2021.

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