FMO, the Dutch entrepreneurial development bank, has committed a USD 100 million loan to Enerjisa Üretim, a leading independent power producer in Türkiye, owned by Sabancı Holding and E.ON. The financing will support the development of three wind power plants with a combined capacity of 250 MW in the Muğla province.
The investment is part of a broader USD 180 million financing package structured under the Friendship Facility, with FMO acting as Lead Arranger and DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German development finance institution, contributing USD 80 million. The projects are expected to become operational in 2026.
The three wind farms – Gaia (83 MW), Falp (75 MW) and Artuna (92 MW) – will contribute to Türkiye’s renewable energy targets and support the country’s transition towards a lower-carbon energy system.
“This financing reflects FMO’s commitment to accelerating the energy transition in Türkiye by providing long-term, hard currency funding and mobilizing additional capital alongside are own. Projects like these contribute not only to reducing carbon emissions, but also to strengthening energy security and supporting sustainable economic growth in the country. We value our partnership with Enerjisa Üretim and its commitment to expanding renewable energy capacity, demonstrating how strong private sector leadership can accelerate the energy transition and deliver impact at scale, said Idil Kural, FMO’s Chief Finance & Operations Officer.
Long-term funding
FMO’s financing provides long-term, hard currency funding with an eight-year tenor, which remains scarce in the local market. It also helps bridge a financing gap for the projects and mobilizes additional funding through partnerships.
In addition to DEG’s participation, FMO expects to mobilize further capital of up to USD 25 million from institutional investors.
Supporting the energy transition
Enerjisa Üretim is one of Türkiye’s largest power producers, with a diversified portfolio of renewable and thermal assets and a track record of nearly 30 years. The company aims to increase the share of domestic and renewable source in its installed capacity to 70 percent by 2030, up from approximately 63 percent in 2025, while evolving towards a more flexible and resilient portfolio capable of supporting Türkiye’s energy transition and security of supply.
Once operational, the projects are expected to:
