$350 million in new financing to expand wind energy in Türkiye
ISTANBUL, TÜRKİYE – The U.S. International Development Finance Corporation today announced a $350 million loan to Enerjisa Enerji Üretim A.Ş. (Enerjisa) to finance new onshore wind projects in Western Türkiye.
DFC financing will support the development, construction, and operation of nine wind power plants located in the Aydın, Balıkesir, and Çanakkale regions that are expected to generate approximately 2.51 terawatt-hours (TWh) per year. The financing will help the country meet growing demand for energy, diversify its energy sources, and reduce its reliance on imported fuels.
“This project is a milestone for DFC and a model for accelerating the energy transition,” DCEO Biswal said in Türkiye during a trip to the region. “DFC is committed to driving the growth of clean energy infrastructure in Türkiye and around the world to enhance energy security and advance sustainable economic growth.”
“At Enerjisa Üretim, every step we take towards our goal of being a pioneer in renewable energy transformation is carried out with an awareness of our environmental and social responsibilities,” said Kıvanc Zaimler, Sabancı Holding Energy Group President. “Undertaking this investment will make a significant contribution to our country’s net-zero emission vision and to maintain energy security of Türkiye,” Zaimler added.
The project is also expected to support decarbonization through wind power and improve the country’s energy independence. DFC is committed to investing in diversifying energy sources in Türkiye and around the world to promote energy security, economic growth, and job creation through transparent, high-quality investments.
This announcement is the latest evidence of the U.S. commitment to further deepening its strategic partnership with Türkiye – including across the economic sectors that will define the future for generations.
This loan builds on DFC’s portfolio of investments in Türkiye, including a $100 million loan to Şekerbank in 2023 to provide financial support to small businesses, including those that are women-owned or led, and to facilitate earthquake recovery.
Türkiye is among DFC’s largest markets with $1.6 billion invested across projects ranging from small business lending, power generation, and more.
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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.