Modern power plants diversified in the regions with the best natural resources of Turkey…
Akfen Renewable Energy, which started electricity generation by launching its first HEPP facility in 2009, continues its activities in Turkey, where the highest energy demand increase has been realized among the OECD countries in the last 10 years.
Akfen Renewable Energy contributes to the country’s economy through its modernized power plants, most of which have been launched in the last 5 years in the regions with the best natural resources of Turkey.
The interest in renewable energy resources in Turkey is increasing due to the national strategy for reducing dependency on natural gas with the endorsement of renewable energy, income predictibality through the US dollar denominated fixed purchase guarantee and renewable energy incentive system, stable margins, and ease of development financing.
In January 2023, Akfen Holding acquired EBRD* and IFC’s** stake in Akfen Renewable Energy and became the sole owner of the company. After the initial public offering in March 2023, the publicly offered company shares (33.5% of the total capital) started to be traded in Borsa Istanbul with the ticker code AKFYE as of 16.03.2023.
The portfolio of Akfen Renewable Energy consists of energy generation from renewable resources and wholesale electricity trade. Akfen Wholesale serves as a distribution channel for directing the production realized by the power plants of Akfen Renewable Energy to the wholesale market. It also provides protection against volatility in wholesale energy sales prices in case the purchase price guarantee is not used.
Akfen Renewable Energy strongly focuses on cost control through its lean and efficient organizational structure, continuing its activities with its proven experience from development and licensing to construction and operation.
Akfen Renewable Energy continues its investments to reach capacity of 1000 MWe installed power portfolio from domestic and renewable energy sources.
* EBRD (European Bank for Reconstruction and Development)
** IFC (International Finance Corporation).
Mission
We aim to create a sustainable production platform, in which corporate investors also partake, in order to develop renewable energy capacity, to diversify energy projects in accordance with the global standards, and to create long-term value for the society and our stakeholders.
Vision
We aim to promote clean energy production by creating a balanced renewable energy portfolio with the potential to produce energy regularly in every field of the energy sector, to increase energy efficiency by making investments through strong strategic partnerships and to be one of the most important players in the energy sector.
Corporate Values
We aim to contribute at the highest level with our corporate citizen identity to our country’s economy that targets to become a critical player in the global economy through our entrepreneurship that constitutes the building blocks of our corporate culture, our investment expertise and our ability to be a reliable partner in business development.
