climate-finance

Alfa Solar Enerji Executes Third Share Buyback Amid Strong Market Performance

Alfa Solar Enerji has executed its third share buyback, reinforcing its confidence in the company’s strong market performance and future growth prospects. This latest repurchase is part of a broader strategy to enhance shareholder value and reflects the company's robust financial health.

The Turkish renewable energy firm disclosed the buyback of an additional 200,000 shares, valued at approximately 15 million Turkish Lira ($1.7 million). This move brings the total number of shares repurchased in 2024 to 600,000, marking a significant investment in the company’s stock amid a volatile market environment.

Alfa Solar Enerji, a prominent player in the renewable energy sector, has been actively expanding its portfolio with a strong focus on solar energy projects. The company’s strategic buyback program is aimed at optimizing capital structure and providing returns to its shareholders, signaling strong confidence in its operational and financial stability.

CEO Selim Şahin stated, "Our continued share repurchase program underscores our commitment to delivering long-term value to our shareholders. We believe that our stock is undervalued in the current market, and these buybacks are a strategic investment in our future growth."

The renewable energy sector in Turkey has been gaining momentum, driven by government incentives and increasing demand for sustainable energy solutions. Alfa Solar Enerji has capitalized on this trend, significantly boosting its installed capacity and expanding its project pipeline. The company’s shares have seen a steady increase in value, reflecting investor confidence and the overall positive market sentiment towards renewable energy.

Engie Romania Inaugurates First Hybrid Renewable Energy Plant with 57 MW Capacity

Engie Romania announced on Wednesday the launch of its first hybrid power plant, combining wind and solar energy, with a total installed capacity of 57 MW. Located in Gemenele commune, Braila county, the facility is expected to generate 140 GWh of electricity annually, sufficient to power over 46,800 households.

Carlsberg’s ŠUA Brewery Installs 1.5 MW Solar+Storage Plant in Uciana, Lithuania

Carlsberg Group's Lithuanian brewery, Švyturys-Utenos alus (ŠUA), has completed a 1.5 MW photovoltaic power plant on the roof of its Uciana facility, paired with a 2 MWh lithium-ion energy storage system. This marks the largest energy storage installation in Lithuania for an industrial enterprise and is expected

Varitex to Build 52 MW Photovoltaic Farm in Łódź Province

Varitex, a company specializing in investment services and real estate, has announced its largest renewable energy project to date – a 52 MW photovoltaic (PV) farm in the Działoszyn commune, Łódź province. The installation will cover 65 hectares, equivalent to 90 football fields, and consist of over 85,000 solar panels.

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