Enerjisa Wind seeks EBRD debt for 106 MW of Turkish wind

March 28 (Renewables Now) - Turkish independent power producer Enerjisa Enerji Uretim AS seeks to obtain up to USD 110 million (EUR 101.7m) in debt financing from the European Bank for Reconstruction and Development (EBRD) to back 106 MW of wind projects at home.

The company has requested a senior loan with a seven-year term, according to a Project Summary Document (PSD) disclosure released by the lender last week. The project concept is due to be reviewed by the bank on April 26.

Enerjisa Enerji intends to allocate the fresh capital to support four wind farm expansion projects totalling 51.6 MW, which will enable it to produce some 149 GWh of electricity and offset 52,000 tonnes of carbon dioxide (CO2) emissions annually. The remaining portion of the funds will go to bankroll the acquisition of an unspecified 55-MW wind park, already in operation.

Owned by a 50/50 joint venture of Turkey’s Sabanci Holding (IST:SAHOL) and German energy major E.on SE (ETR:EOAN), Enerjisa Enerji is one of Turkey’s largest independent power producers, with 3.7 GW installed capacity.

(USD 1.0 = EUR 0.924)