The European Bank for Reconstruction and Development (EBRD) is extending up to US$ 45 million in financing to Galata Wind Enerji to increase the company’s wind capacity.
The new EBRD loan will finance up to 50 MW of planned wind power-plant extension projects in Mersin and Balikesir. Galata Wind is a renewable investors in Türkiye, with 269 MW of installed capacity, predominantly in wind. The majority of shares in the company belong to Dogan Sirketler Grubu Holding, with the remainder publicly traded.
Türkiye’s wind energy potential, estimated at 40-50 GW, is underutilised due to limited access to long-term financing. Currently, the operational capacity of wind power plants in the country stands at 11 GW. The Galata Wind loan aligns with the Bank’s strategy of promoting a swift transition to clean energy in Türkiye by supporting private-sector participation in renewable energy generation.
