📋 Tender Overview
Location: Türkiye
Project number: 54998
Business sector: Energy
Notice type: Private
Environmental category: B
EBRD Finance Summary: USD 65,000,000.00
Total Project Cost: USD 88,900,000.00
Project Description
A senior loan of up to USD 65 million with a tenor of up to 7 years (the "Loan") to Polat Enerji Yatirimlari A.S. (the "Borrower" or the "Company"), a renewable energy company operating in Turkiye. The Project is also expected to benefit from concessional financing from the Global Energy Storage Program in the amount of USD 5.0 million, subject to donor's approval.
Project Objectives
The proceeds of the Loan will be used for the development and construction of (i) 30.8MW wind capacity expansion at the Borrower's operating WPP portfolio (i.e. Soma WPP, Geycek WPP and Poyraz WPP), (ii) a 46.6MW solar plant (which will be developed under hybrid power plant regulation) co-located with the operating Geycek WPP, and (iii) a battery storage project with an installed capacity of 10.0MWh also co-located with the Geycek WPP (the "Project").
Transition Impact
ETI score: 70
The Transition Impact arises from the Competitive and Well-Governed qualities:
Competitive: The Project is expected to enable the Borrower to realize the first hybrid solar-wind plant combined with 10MWh battery storage technology in Turkiye, which will contribute to Turkish energy innovation ecosystem.
Well-Governed: The Borrower will implement improvements in governance and accountability on climate-related risks and opportunities.
