EBRD helps finance expansion of Turkey's Kiyikoy wind farm

In:

Renewable energy

Region:

Europe

The European Bank for Reconstruction and Development has agreed a $37 million loan to finance the expansion of the Kiyikoy wind farm in the northwest of Turkey. ICBC Turkey is providing a loan for the same amount.

The financing will be used for the development, construction and operation of a 72MW extension to the 28MW wind farm, located on the west coast of the Black Sea in the Kirklareli province.

The developer is Alenka Enerji Uretim ve Yatirim, set up by Borusan EnBW Enerji, a joint venture between the German utility Energie Baden-Württemberg (EnBW) and the Turkish conglomerate Borusan Holding.

The extension of the Kiyikoy wind farm is a step towards the government’s objective of installing 27GW of renewable energy capacity other than hydropower by 2023, of which 20GW is expected to be wind energy.

View source

Inside Solartia’s off-grid solar bond first

Perspective

25 September 2026

Inside Solartia’s off-grid solar bond first

Solartia has closed on a $26.5 million project bond financing for five hybrid solar-plus-storage micro-grids in Peru’s Ucayali region. The deal is a real advance in the use of...

Reimagining trade, risk distribution and defence at ITFA Split

Perspective

05 October 2026

Reimagining trade, risk distribution and defence at ITFA...

At ITFA's annual trade finance event in Split, Croatia, trade finance banks and insurers say they are responding to evolving risk appetites in CEE and beyond. How risk is...

Must See

Mitrelli: Making African Infrastructure Bankable and Financeable

Video

31 August 2026

Mitrelli: Making African Infrastructure Bankable and Financeable

In this episode of Uxolo: In-Depth With, Jessica Brown speaks with Yoav Brick of Mitrelli, recorded live in Prague, about the challenges of financing infrastructure across Africa and how governments, EPC contractors, DFIs, ECAs and private investors can work together to bring projects to financial close.

Perspective

25 September 2026

Inside Solartia’s off-grid solar bond first

Solartia has closed on a $26.5 million project bond financing for five hybrid solar-plus-storage micro-grids in Peru’s Ucayali region. The deal is a real advance in the use of capital markets for smaller projects in Peru and elsewhere in emerging markets.

Perspective

05 October 2026

Reimagining trade, risk distribution and defence at ITFA Split

At ITFA's annual trade finance event in Split, Croatia, trade finance banks and insurers say they are responding to evolving risk appetites in CEE and beyond. How risk is being priced and distributed, particularly in challenging markets, is a constant preoccupation.