PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606677

Primary Business Area

Infrastructure

Disclosure Date

Oct 27, 2022

Country

Turkiye

Region

Central Asia and Turkiye

IFC Approval Date

Nov 29, 2021

Status

Completed

Estimated Total Budget

$200,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Nov 15, 2021

Project Estimated End Date

Dec 30, 2022

Project Description

The Opex-model for distributed generation (DG) is a relatively nascent approach by companies offering rooftop solar to their commercial and industrial client base. The model circumvents the capex-heavy upfront investment through a build-operate-transfer or power purchase agreement. A client thus benefits from a reliable and affordable source of energy – a solid alternative to Türkiye’s energy grid. To assess the potential for Opex-driven DG in Türkiye, IFC conducts a client preparation project with the local company EscoSolar. The project will assess how EscoSolar is developing a bankable PPA model by providing legal, technical, financial and E&S compliance reviews with local legal, accounting, and consultancy firms. Dependent on the findings, the project may lead to increased confidence in the Opex-model and Türkiye’s DG market, as well as potential financing opportunities should the business case remain strong.

Development Results

E&S Risks / Impacts and Mitigation