Türkiye-based Zorlu Enerji has finalized the sale of its energy assets in Israel, fully exiting its electricity generation and sales operations in the country as part of its strategy to focus on sustainable energy, company announced on Tuesday.
The company recently completed the sale of its 25% stake in Dorad Energy Ltd., a process that began in March.
This follows the earlier divestment of its shares in the Ashdod and Ramat Negev natural gas power plants, concluding Zorlu Enerji's withdrawal from all energy investments in Israel.
"This move is a strong indication of our commitment to ending fossil fuel-based investments," Zorlu Enerji CEO Elif Yener said in a statement.
"We aim to lead the sector's transformation with a vision to become the energy company of the future, focusing on growth in renewables, R&D efforts, and next-generation energy technologies," she said.
Yener emphasized that Zorlu Enerji's integrated business model in Türkiye includes renewable electricity generation, trading, distribution, solar panel commerce, and electric vehicle charging infrastructure.
"Reducing our carbon footprint, offering environmentally friendly solutions, and diversifying our energy sources remain top priorities," she said.
"Currently, 100% of our electricity generation in Türkiye comes from renewable sources, and we are committed to investing solely in clean energy and technologies," she concluded.
By Gulsen Cagatay
Anadolu Agency
energy@aa.com.tr