Enerjisa Uretim signs the largest Sustainability-linked Loan Deal in Turkey

Seven banks including Akbank, Garanti BBVA, Turkiye Is Bankasi, HSBC, ING, TEB and Isbank AG, will offer financing in line with the requirements of Sustainability Linked Loan Mechanism. Seven banks including Akbank, Garanti BBVA, Turkiye Is Bankasi, HSBC, ING, TEB and Isbank AG, will offer financing in line with the requirements of Sustainability Linked Loan Mechanism. Concrete proof of confidence in energy markets Joint announcement made by the banks participating to the loan read as...

Seven banks including Akbank, Garanti BBVA, Turkiye Is Bankasi, HSBC, ING, TEB and Isbank AG, will offer financing in line with the requirements of Sustainability Linked Loan Mechanism.

Concrete proof of confidence in energy markets

Joint announcement made by the banks participating to the loan read as follows: "This agreement is a significant indicator of our confidence in Turkey and Turkish energy markets. It is a source of pride for us to see Enerjisa Uretim, the leading player in the sector, invest particularly in the renewable growth, while regularly generating cash today with its well-balanced financial statement." Underlining the potential of Turkey particularly in wind and solar areas, banks stated that they would continue to support growth projects in this area.

Ongoing growth in renewable energy

İhsan Erbil Bayçöl, CEO of Enerjisa Uretim: "Enerjisa Uretim has a high generation performance as well as a strong cash flow. Today, we continue generating for uninterrupted power supply with our 21 power plants, 56% of which are consisting of national and renewable resources... We attach utmost priority to sustain the increasing trend as well as achieving new investments in renewable energy area, which is also a strategic priority. We will continue our investments and activities 'with the purpose of creating a sustainable value' by reassuring all our stakeholders. I would like to thank all the banks that we have been in valuable collaboration with for their confidence in us during this growth journey."

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