Enerjisa Üretim secures $617 million to finance 750 MW of wind in Turkey

Enerjisa Üretim has concluded a financing package worth up to $617 million to build 750 MW of wind power in Turkey, within the government's YEKA 2024 renewable energy program.

The package comprises three tranches: a commercial credit tranche of $125 million led by ING Bank and KfW IPEX-Bank, a development finance tranche of $75 million handled by Germany's DEG development and investment institution, as well as an export credit agency-backed tranche that may reach $417 million, structured by ING Bank and KfW IPEX-Bank.

Two projects are financed by this package: the Edirne wind plant with a capacity of 410 MW, and the Balkaya wind plant with a capacity of 340 MW. Enerjisa Üretim Deputy CEO Mert Yaycıoğlu said the company "continues its course with 750 MW of new wind under YEKA 2024" after its experience in the YEKA-2 program, noting that total financing raised under YEKA programs over the past two years exceeded $2.3 billion.

This deal falls within a broader investment program exceeding $2.5 billion, which includes wind projects, hybrid plants, energy storage facilities and increases in production capacity. In 2024 the company had concluded financing of more than $1 billion for the first part of the 1,000 MW YEKA-2 program, which included plants in Balıkesir, Çanakkale, Aydın and Muğla.