History .
  • 2019

    Çiçekli HEPP (6,99 MW) put into operation in September 2019.

    Hasanoba RES put into operation in August 2019.

    PSİ Engil 207 GES (12,97 MW) put into operation in June 2019.

    Üçpınar RES put into operation in May 2019.

    Kocalar RES (30,6 MW) put into operation in March 2019

  • 2018

    Çalıkobası II HEPP (8,54 MW) put into operation in May 2018

    MT Natural (9.98 MW) put into operation in September 2018

    ME-SE SPP (9.90 MW) put into operation in September 2018

    Yaysun SPP (9.98 MW) put into operation in September 2018

    Omicron Engil 208 SPP (9.95 MW) put into operation in September 2018

    Omicron Erciş SPP (9.95 MW) put into operation in September 2018

  • 2017

    Solentegre SPP (0.5 MW) put into operation in February 2017

    Çalıkobası I HEPP (8.84 MW) put into operation in June 2017

    Amasya SPP (10.44 MW) put into operation in August 2017

    Karine SPP (Akfen Renewable SPP) put into operation in August 2017

    Tokat GES (4.95 MW) put into operation in October 2017

  • 2016

    Within the framework of structuring of Akfen Holding energy group companies; The merger process of Akfenhes and Akfenres and change of title to Akfen Renewable Energy Inc. were completed as of 1.19.2016. The transfer process of Akfen Wholesale, a subsidiary of Akfen Holding, to Akfen Renewable Energy was completed as of 25.01.2016. Laleli Enerji Elektrik Üretim A.Ş., a subsidiary of Akfen Renewable Energy, was transferred to Akfen Thermal Energy Investments Inc., a subsidiary of Akfen Holding, on 25.01.2016. The merger process of Karine SPP and Akfen Renewable Energy was completed as of 09.03.2016.

    According to the agreements Akfen Holding signed with the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), both companies will be partners to Akfen Renewable Energy by participating in the capital up to the share ownership rate of 16.667% and by paying US$100 million. As a result of the capital increase registration on 12 July 2016, EBRD and IFC transferred to the company US$44,444,444 that is equivalent to 5% of the shares each. In October 2016, SOLENTEGRE SPP (8 MW) became operational. This project was the first licensed SPP project launched in Turkey.



  • 2015

    In December 2015, a US$100 million partnership agreement was signed with the European Bank for Reconstruction and Development for 20% of the shares of the company (Akfen Renewable Energy), which operates in the field of renewable energy and which consists of Akfenhes, Akfenres, Akfen Wholesale, and also Karine SPP following its transfer to the Holding.

    In May 2015, Denizli SPP Projects (total 6.76 MW) became operational.

    In July 2015, the acquisition of the shares of companies investing in solar and thermal energy was decided in order to expand the energy portfolio. The process related to the acquisition of 100% of the shares of Karine Enerji, which owns 29.75% of the shares of Akfen Thermal Energy and has investments in solar energy, was initiated.

    In October 2015, an additional 40% of the shares of Adana İpekyolu was acquired.

    In September 2015, Sekiyaka II HEPP 2 project with an installed capacity of 1.09 MW was launched.

  • 2014

    Sekiyaka II HEPP 1, Doruk and Doğançay HEPPs, with a total installed capacity of 60.8 MW were launched

    In February, Yaysun SPP (0.5 MW) became operational.

  • 2013

    Akfen Holding's remaining 60% shares in Karasular were sold to Aquila Capital Wasserkraft Invest GmbH and Aquila Hydropower Invest Investititions GmbH & Co KG.

    A share sale agreement was signed for the acquisition of the shares of H.H.K. Enerji Elektrik Üretim A.Ş. and Kurtal Elektrik Üretim A.Ş. by HEPP III.

    Production started at Kavakçalı and Gelinkaya HEPP projects.

  • 2012

    A share transfer agreement was signed for the acquisition of the shares of H.H.K. Enerji Elektrik Üretim A.Ş. and Kurtal Elektrik Üretim A.Ş. by HEPP III.


    Demirciler HEPP was commissioned with all its units.

    Yağmur HEPP was commissioned with all its units.

    Akfen Holding finalized the sale of 40% of its shares in Karasular, which is the owner of Ideal Enerji Üretim Sanayi ve Ticaret A.Ş., to Aquila Hydropower INVEST Investitions GmbH & Co. KG (“Aquila”).

  • 2011

    Electricity generation license for Laleli Dam and HEPP project was obtained.

    Çamlıca III HEPP began commercial energy generation following its launch in April.

    Otluca I HEPP, the first part of Otluca HEPP Project, was commissioned in April.

    Saraçbendi HEPP started commercial energy generation.

    Karasu I HEPP started commercial energy generation in May.

    Karasu II HEPP started commercial energy generation in June.

    Otluca II HEPP, the second part of the Otluca HEPP project, was commissioned in July.

    Karasu 4.3 HEPP and Karasu 5 HEPP started commercial energy generation in August.

    Boğuntu HEPP, the last part of the Otluca HEPP Project, started commercial energy generation in September.

    Karasu 4.2 HEPP started commercial energy generation in November.

    Akfen Wholesale was established.

  • 2010

    The shares of Enbatı Company, a 100% subsidiary of Akfen, which will operate the Pirinçlik hydroelectric power plant in Karabük within the scope of HEPP II portfolio with a capacity of 22.5 MW, were sold.

  • 2009

    Sırma HEPP, Akfen's first hydroelectric power plant project was launched.

  • 2007

    HEPP I, a 100% subsidiary of Akfen, was established.

  • 2005

    Licenses for hydroelectric power plants were obtained.