A 26MW wind farm in Turkey built by Turkish conglomerate Akfen and financed by the European Bank of Reconstruction and Development (EBRD) has started commercial operations.
The Kocalar wind farm is the first of four developed by Akfen and supported by the bank to start production.
The EBRD is supporting Akfen Renewables with loans and equity.
The bank, which became an Akfen shareholder in 2015, provided a financing package of $102m in September 2018 for the construction of the four wind farms and nine solar projects.
The remaining three wind farms – 99MW Ucpinar, 51MW Hasanoba in the north-western province of Canakkale and the 66MW Denizli site in the south-west – are due online between June and October 2019.
Akfen Renewables general manager Kayril Karabeyoglu said: “Canakkale is one of the highest wind potential areas in Turkey.”
In Turkey the EBRD has provided – directly and through local banks – loans of nearly €2bn for projects with value of €9bn and 2.9GW of installed capacity.