Türkiye’s largest private electricity producer just lined up $180 million in DFI-arranged debt for 250 MW of new wind.
Enerjisa Üretim, in which E.ON is a shareholder, signed the contracts in a syndication arranged by Dutch development bank FMO, with Germany’s DEG providing $80 million of the $180 million total, DEG announced on July 13. Proceeds finance three wind projects in Muğla province in southern Türkiye with around 250 MW combined, all supplied by Germany’s Enercon. DEG puts their potential output at enough for roughly 189,000 households a year, avoiding around 221,000 tonnes of CO2. DEG has worked with Enerjisa since 2024 and, as part of a larger consortium, financed nine onshore wind plants totalling 750 MW under Türkiye’s YEKA-2 program. Enerjisa has around 4.6 GW installed.
Why it matters
Our read is that long-tenor DFI debt for private wind IPPs is still scarce in emerging markets, which makes a repeat customer relationship like this one worth more than the ticket size. DEG frames the loan around a German shareholder and German turbines.
What it means for MENA
We see a template here for MENA wind IPPs: tie the development finance ticket to the turbine supplier’s home-country lender, and come back to the same lender for the next tranche. Which MENA sponsor builds that relationship first?
