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GE and UKEF to Support Kalyon Energy’s 1.35 GW Solar Project

Kategori : ELECTRICITY ENERGY NEWS, ENERGY AGENDA NEWS, SOLAR ENERGY NEWS - Tarih : 15 November 2021


General Electric (GE) and UK Export Credit Agency UK Export Finance (UKEF) have reached an agreement to finance Kalyon Energy’s 1.35 GW Karapınar solar energy project in Konya-Karapınar district.

With UKEF offering $291m (£217m) Buyer Loan Facility to ensure GE deploys its first FLEXINVERTER solar technology outside of the US worked. In this way, Turkey’s clean energy targets will be supported and trade will be facilitated for UK suppliers. The project was financed by J.P., the main regulator and lender of UKEF guarantor. It will be supported by Morgan.

Guto Davies, Global Public Capital Leader of GE Energy Financial Services, said: “We are proud to realize one of Turkey’s most important renewable energy projects and, on this occasion, to collaborate with UKEF once again to commission GE’s first FLEXINVERTER solar power plant technology outside the USA. This collaboration allows us to offer our customers competitive financing for GE projects that provide sustainable, reliable and affordable energy.” used the phrases.

The project is also a part of the first Turkish solar energy YEKA tender, launched in 2017 under the Renewable Energy Resource Area (YEKA) program of the Ministry of Energy. The project will support Turkey’s continued expansion of renewable energy sources and help deploy 10 GW of solar capacity between 2017-2027, according to the IEA.

Source: tr.investing


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