Turkish energy company Enerjisa Uretim has secured a €650m loan from seven banks that will be used to reduce its debt and support renewable energy investments.
The banks providing the sustainability linked loan are Akbank, Garanti BBVA, Turkiye Is Bankasi, HSBC, ING, TEB and Isbank.
The company made a commitment to significantly increase the share of renewable energy within its power investment portfolio as part of the deal.
Enerjisa Uretim chief executive Ihsan Erbil Baycol said: “Enerjisa Uretim has a high generation performance as well as a strong cash flow.
“Today, we continue generating for uninterrupted power supply with our 21 power plants, 56% of which are consisting of national and renewable resources.
“We attach utmost priority to sustain the increasing trend as well as achieving new investments in renewable energy area, which is also a strategic priority.
“We will continue our investments and activities with the purpose of creating a sustainable value by reassuring all our stakeholders.”
At the end of last year the company had 4107MW of installed capacity.