• Edirne and Balkaya wind farms with a total capacity of 750 MW

• Yellice wind farm with a total capacity of 160 MW

• Focus on German exports: supply and installation of wind turbines by German manufacturer Nordex

KfW IPEX-Bank is participating in the financing of three wind farms in Turkey. These are the Edirne, Balkaya and Yellice wind farms.

The two onshore wind farms Edirne and Balkaya with a total capacity of 750 MW are built and operated by KfW IPEX-Bank’s long-standing customer Enerjisa Üretim A.Ş. For this purpose, 108 turbines are supplied and provided by the German turbine manufacturer Nordex-SE.

The financing package totalling USD 617 million is lead by KfW IPEX-Bank as Mandated Lead Arranger and Agent. KfW IPEX-Bank's own participation comprises a USD 312.75 million Euler-Hermes covered tranche and an uncovered tranche of USD 75 million. DEG, also a wholly-owned subsidiary of KfW Group, is supporting these investments with a further USD 75 million uncovered commercial loan. ING is also also part of the syndicated financing.

In addition, KfW IPEX-Bank is supporting the Yellice onshore wind farm in the Sivas region with funding of EUR 90 million. The wind farm is developed and operated by KfW IPEX-Bank’s customer Efor Holding and has a total capacity of 160 MW. The 23 turbines that will be installed are also from Nordex SE.

"In light of the COP31 currently taking place in Antalya, both financing operations show how reliable financing partners, modern technology and European supply chains can accelerate the transition to a secure energy supply," said Dr Velibor Marjanovic, member of the Management Board of KfW IPEX-Bank.

Türkiye is providing a tangible answer to the question of how specific projects emerge from climate targets and what role international alliances play in this context. The country has set itself the goal of expanding total wind and solar capacity to 120 GW by 2035. This requires innovative technologies, reliable infrastructure, and sufficient available capital.