Turkish energy company Zorlu Enerji said on Monday its wholly-owned
wind power unit Zorlu Ruzgar Elektrik Uretim has secured 81.3 million euro
($100.9 million) in financing for two wind power projects with total capacity of
80.3 megawatts (MW) from Turkey’s TSKB and Germany’s Bayerische
Landesbank.
Turkish industrial and development bank TSKB will provide a
40 million euro loan with maturity of 12 years, including a two-year grace
period. German lender Bayerische Landesbank will extend a 15-and-a-half-year
41.3 million euro loan with a grace period of one-and-a-half years, Zorlu Enerji
said in a bourse filing. The Bayerische Landesbank loan will be guaranteed by
the German export credit agency Euler Hermes, Zorlu Enerji noted.
Zorlu
Ruzgar plans to install the two wind farms in the Bahce district of the southern
Turkish province of Osmaniye.