news - Monthly transaction overview February


Monthly transaction overview February

March 7, 2022

As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50-year proven track-record of empowering people to employ their skills and improve their quality of life. Each month we give an overview of the transactions we have signed.


Borusan EnBW Enerji
Renewable energy company in Turkey

Borusan EnBW Enerji is a prominent renewable energy sector company and a joint venture between the German utility Energie Baden-Württemberg (EnBW) and the Turkish conglomerate Borusan Holding. Their 720 megawatts of installed and fully operational capacities consist of one hydro-electrical power plant, two solar plants, and nine wind farms. The company has the largest wind portfolio in Turkey. The expected transition impact of this transaction will result from supporting the development of the green economy, safeguarding Turkey’s green agenda by backing one of the prominent renewable sector players in Turkey and enabling Borusan EnBW Enerji to maintain and develop its renewable energy pipeline growth during the coming years. Under EBRD’s syndication program, FMO provided a USD40m B-Loan Participation, next to EBRD’s own USD40mln investment.

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