UK to provide £217m for Turkish solar project 

The UK’s International Trade Secretary has announced over £217m worth of government backing for the largest solar facility in Turkey – the Kalyon Enerji’s 1.35GW Karapinar solar project. This is the largest ever UK Export Finance-backed guarantee for a solar project. Integration of the solar technology and assembly of the solar power station is to occur in the UK. The facility is expected to deliver clean electricity to approximately 2m Turkish households once completed (due late 2022). GE Energy Financial Services is to provide technological support while the UK export credit agency will guarantee funding. The project is the first part of the first Turkish solar YEKA tender which was launched by the Turkish Ministry for Energy under the Renewable Energy Resources Zones (YEKA) programme. According to the IEA, the project plans to help Turkey continue its expansion of RE resources and commission 10GW of solar capacity from 2017-27.


Adapted from a UK Government press release