| Project Detail |
Location:
Türkiye
Project number:
54998
Business sector:
Energy
Notice type:
Private
Environmental category:
B
Approval date:
11 Sep 2024
Status:
Exploratory
English-language PSD published:
01 Aug 2024
Project Description
A senior loan of up to USD 65 million with a tenor of up to 7 years (the "Loan") to Polat Enerji Yatirimlari A.S. (the "Borrower" or the "Company"), a renewable energy company operating in Turkiye. The Project is also expected to benefit from concessional financing from the Global Energy Storage Program in the amount of USD 5.0 million, subject to donors approval.
Project Objectives
The proceeds of the Loan will be used for the development and construction of (i) 30.8MW wind capacity expansion at the Borrowers operating WPP portfolio (i.e. Soma WPP, Geycek WPP and Poyraz WPP), (ii) a 46.6MW solar plant (which will be developed under hybrid power plant regulation) co-located with the operating Geycek WPP, and (iii) a battery storage project with an installed capacity of 10.0MWh also co-located with the Geycek WPP (the "Project"). |
