WPP Energy Investment

Within the scope of Akfen Renewable Energy's WPP investments, preliminary preparations for 14 projects with an estimated installed capacity of 984 MW have already been completed. On 28 April 2015, applications to EPDK were completed, paid in capital of the companies were increased and letters of guarantee were given to EPDK for these projects related to the production capacity of 3,000 MW * declared by TEİAŞ.  14 projects, of which the applications were submitted, were approved and published on the project list to be evaluated by EPDK. The tenders are expected to start in June 2017 and be completed by the end of the year.

TEİAŞ has announced additional capacity for electricity generation based on wind energy of 2,000 MW** in 2016. EPDK has also announced that preliminary license applications for additional capacity would be taken by April 2017. However, it was subsequently announced that the applications were postponed until April 2018. Within this scope, project development studies have been started and contracts have been signed with 3 consultancy firms in order to develop 10 projects. The assumptions of the General Directorate of Meteorology have been completed for wind measurement masts of the projects, and wind measurements are going on.

Construction have started for the 275.4 MW WPP projects, which have been acquired in June 2017. Kocalar WPP (30,60 MW)  has started the commercial production on 14.03.2019 and Ucpinar WPP (112,2 MW) has started the commercial production within 2 phases on 10.05.2019 and 18.06.2019 and  Hasanoba WPP (57,8 MW) has started the commercial production within 2 phases on 02.08.2019 and 06.09.2019. In order to ensure that our WPP project, which is currently under construction, will be operational in 2019. The development of 560 MW WPP capacity has been completed and TEİAŞ application date is expected.

*    Group 1  - 3,000 MW Wind Tender

**   Group 2  - 2,000 MW Wind Tender

***  Licensed- Licensed WPP investments of Akfen Renewable Energy