Image source: GE

GE and UKEF to develop Turkey’s largest solar project

Turkey: GE and UK Export Finance (UKEF), have agreed to finance Kalyon Enerji’s 1.35 GW Karapinar solar project.

The project is located in the Konya Karapinar province, Turkey.

The Karapinar Solar Power Plant, part of Turkish renewables investor Kalyon Enerji’s solar portfolio, is approximately 11 km long and 3 km wide, equivalent to over 4,600 football pitches. It will prevent 1.5 million tons of carbon emissions annually and ultimately serve the needs of 2 million people.

As part of the agreement, UKEF will guarantee a $291 M Buyer Credit Facility, subject to financial close, and GE will deploy its solar technology, as well as ensure design, engineering, project management, site management, and commissioning of the project.

“GE is proud to be partnering with UKEF again to deliver one of Turkey’s most significant renewable projects and GE’s first FLEXINVERTER solar power station technology outside the USA,” said Guto Davies, Global Public Capital Leader at GE Energy Financial Services.

Source: Renewable Energy World