PROJECT

Projects

Summary of Investment Information

Project Number

36772

Company Name

AKFEN YENILENEBILIR ENERJI A.S.

Date SPI Disclosed

Jun 2, 2016

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

May 18, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 15, 2025

Department

Regional Industry INF MCT

Industry

Infrastructure

Previous Events

Approved : May 18, 2016
Signed : Jun 23, 2016
Invested : Jul 8, 2016

Sector

Renewable Energy Holding Companies

Project Description

The proposed investment is an equity participation in Akfen Yenilenebilir Enerji A.S. (Akfen Energy or the Company), a pure renewable energy platform company set up by Akfen Holding A.S. (Akfen Holding or the Sponsor) to develop, acquire and operate a portfolio of renewable power projects in Turkey (the Project).

IFC’s investment proceeds will be used to finance: (i) completion of under construction projects of the Company; and (ii) acquisition of multi-stage renewable power projects in Turkey. Through this investment, IFC will be supporting an existing client and a strategic partner which has demonstrated strong operational and management capacity in diverse sectors including ports, airports and hotels that IFC has provided financing for.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation