Wind-Energy

EBRD Grants $60M Loan to Borusan EnBW Enerji for Türkiye Wind Power Projects

The European Bank for Reconstruction and Development (EBRD) has announced a $60 million (TL 2 billion) loan to Türkiye’s Borusan EnBW Enerji. The funds will finance the development and construction of 116 megawatts (MW) of onshore wind energy capacity in Sivas and Tekirdağ provinces. The initiative is part of efforts to combat climate change and bolster Türkiye’s renewable energy portfolio.

Borusan EnBW Enerji, a joint venture between Borusan Holding and Germany's EnBW AG, is a leading player in Türkiye's renewable energy sector, currently operating 730 MW of installed capacity. With projects under construction, the company’s total capacity will rise to 935 MW.

Aida Sitdikova, EBRD's director of energy for Eurasia, the Middle East, and Africa (MEA), emphasized the importance of Borusan EnBW Enerji’s leadership in Türkiye’s green energy transition. General Manager Enis Amasyalı highlighted the company’s commitment to sustainability, energy security, and gender equality in the renewable sector. The projects will support Türkiye's energy needs and climate goals by expanding wind power capacity and fostering inclusivity in the workforce.

Source: Hurriyet Daily News

U.S. Launches First Offshore Wind Farm, Vineyard Wind 1, in Historic Energy Milestone

The United States commissioned its first commercial offshore wind farm, Vineyard Wind 1, in 2023, marking a significant milestone in the nation’s renewable energy sector. Located off the coast of Martha’s Vineyard, Massachusetts, the project boasts 62 state-of-the-art turbines with a combined capacity exceeding 800 megawatts (MW). Vineyard

Downing Completes Sale of Gabrielsberget Wind Farm with 54% Return

Downing Renewables & Infrastructure Trust (DORE) has finalized the sale of its entire stake in the Gabrielsberget wind farm in Sweden, achieving a total return of approximately 54% over the investment period. The asset was acquired in January 2022 for £19.8 million and yielded €36 million (£29.8 million)

Israeli Enlight Completes 94MW Pupin Wind Farm in Serbia

The construction of the Pupin wind farm in Kovačica, Serbia, with an installed capacity of 94MW comprising 16 wind turbines, has been completed and entered trial operation, the Renewable Energy Sources Association of Serbia announced today. Developed by Israeli company Enlight Renewable Energy, the Pupin wind farm is an extension

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