[ad_1]
International Energy Holdings, part of Abu Dhabi-based diversified conglomerate International Holdings (IHC), has acquired a 50 percent stake in Turkish clean energy market leader Kalyon Enerji for AED 1.8 billion ($490 million). shares.
The deal includes a photovoltaic power plant project with an installed capacity of 1,347.734 MWp / 1,000 MWe in the Konya Kalapinaar region in Ankara, a 1GW wind power project developed by YEKA, a 100 MW solar project in Niğde, a 50 MW solar project in Gaziantep , as well as other renewable energy projects in various cities in Turkey.
The Kalyon Karapınar solar power plant covers an area of approximately 20 million square meters and is located in the Karapınar district of Konya. Installation and commissioning of the 3.5 million panels began in August 2020 and is scheduled to be completed in 2023.
Green certificate
After the project is completed, it can produce the energy equivalent to a week of a city with a population of 50,000 in one hour. In other words, this facility alone can meet the annual electrical needs of approximately 2 million people. In addition, 2 million tons of fossil waste and carbon emissions will be prevented.
Kalyon Enerji is owned by the Turkish giant Kalyon Holding, which operates in the construction, energy and aviation industries. Through this transaction, International Energy Holdings will leverage its power trading capabilities to increase IHC Group’s international growth prospects.
Commenting on the acquisition, IHC CEO Syed Basar Shueb said: “This is IHC’s second largest acquisition to date in the renewable energy sector. With this transaction, IHC has partnered with Kalyon Enerji, which will complement our renewable energy portfolio Energy portfolio, we will continue to grow in different markets.”
strategic cooperation
Cemal Kalyoncu, Chairman of the Board of Kalyon Holding, stressed that this strategic cooperation is very important not only for the two countries but also on a regional scale, saying: “The steps we have taken in the energy sector and the investments we have made have so far attracted foreign investors’ interest. Attention. This strategic cooperation is historic for the realization of potential projects in Turkey as well as new markets and business areas that we plan to enter the world, which will make a great contribution to our geography and country. We have always been committed to working without losing environmental awareness. Enrich human life by contributing to social development. Climate change is the defining challenge of our time, and we must accelerate our efforts to transform our planet into a sustainable green economy.”
The acquisition is part of IHC’s long-term investment strategy in the clean energy sector and comes four months after its AED7.3 billion investment in Indian conglomerate Adani Group. arab trade news agency
[ad_2]
Source link