TSKB Provides USD 45 Million in Financing to Ova Enerji for its Storage-Based WPP Investment
TSKB has provided an investment loan of USD 45 million for Çayırlar Storage-Based Wind Power Plant (SWPP) project to be launched in Bergama, Izmir by Ova Enerji, a group company of Erdem Holding. Türkiye’s grid infrastructure will be boosted through this investment offering a wind and storage solution aimed at supporting our country’s clean energy transformation.
Industrial Development Bank of Türkiye (TSKB) has provided USD 45 million in financing for Çayırlar Storage-Based Wind Power Plant (SWPP) investment under an agreement signed with Ova Enerji, a group company of Erdem Holding. The project, with a total installed capacity of 43.5 MW, will offer a robust and movable renewable energy supply to the Turkish grid thanks to its Battery Energy Storage System (BESS).
Integrating advanced wind energy storage technologies, this project aims to directly impact Türkiye's carbon reduction targets, as well as increasing grid stability and capacity factor.
TSKB CEO Ozan Uyar: “We continue to support renewable energy investments.”
Commenting on the agreement, TSKB CEO Ozan Uyar said , “In our country's journey towards sustainable development, we consider technology-oriented investments that ensure energy supply security and grid stability, alongside the diversification of renewable energy sources, as a strategic priority. We are pleased to provide financing for this significant project of Ova Enerji, a group company of Erdem Holding, which contributes to our country's clean energy transformation. At TSKB, we will resolutely continue to provide added value to our country's transition to a low-carbon economy at global standards.”
Mehmet Rıza Erdem , Board Member of Ova Enerji, expressed his satisfaction, saying, “We have signed a new financing agreement with TSKB for our Çayırlar SWPP project, which will contribute to our country's clean energy future. We are delighted to add a new project to the nearly 20-year collaboration between TSKB and Erdem Holding. This integrated investment, which includes a battery storage system, will strengthen our grid infrastructure while directly serving our carbon reduction targets. We will continue to make sustainable investments that supports growth with our strong partner TSKB.”
