Exus Management is opening a new office in Turkey that will be used as a strategic hub for renewables projects in the Balkans, Caucasus, the Middle East and North Africa.
The asset manager said that the new base will focus on managing and optimising renewable energy projects within the host countryitself, as well as in neighbouring regions.
It will also support clients to identify and manage outward investments in the US, western Europe and beyond, the company added.
Exus Partner Aygen Yayıkoglu will head up the Turkish office.
Yayıkoglu currently has 25 years of experience in energy and infrastructure financing, through which he has held senior positions at the European Bank for Reconstruction and Development in London and the International Finance Corporation in Istanbul.
He said: “Turkey is a truly exciting renewable energy market, across traditional sources like wind and solar, but also in alternative technologies such as geothermal, where Turkey is the fourth largest market globally.
“The opportunities in the emerging and semi-mature markets in Turkey and the surrounding regions are absolutely immense.
“We are dedicated in helping our partners discover that potential.”