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Turkerler to invest up to $1B. in Manisa's geothermal

- Turkey's Turkerler conglomerate to create 248 megawatts of geothermal energy capacity in Aegean city of Manisa

home > Geothermal/Biomass, Invesments 06.09.2018 14:56 Nuran Erkul

Turkerler to invest up to $1B. in Manisa's geothermal

Turkerler Holding, which operates in Turkey's energy and construction sectors, plans to invest an additional $664 million in geothermal energy power plants in the Aegean city of Manisa, the company's chairman said in a statement Thursday.

Kazim Turker, the holding's chairman, said the company has already invested $200 million to complete two geothermal energy power plants - JES 1 and JES 2.

These two plants with 48 megawatts of installed capacity produce 360 million kilowatt-hours of electricity per year, he said.

The company is currently working on the JES 3 power plant with an investment volume of $136 million to produce 220 million kilowatt-hours of electricity annually, Turker affirmed in the statement.

"After completing the third geothermal power plant in Manisa, we will respectively start constructing JES 4, 5, 6, 7 and 8 power plants. The investment volume of these new plants will reach $664 million. Thanks to these plants, we plan to create 248 megawatts of installed power capacity in the region. Thus, our total geothermal investment in Manisa will reach up to $1 billion," Turker announced.

Total energy generation from all plants will reach 1.8 billion kilowatt-hours per year, he added, but did not elaborate on the completion dates for the plants.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr


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Danish Dong Energy to stop coal use by 2023

- Company to replace coal with sustainable biomass in power stations
02.02.2017 Electricity , Renewable , Coal , Geothermal/Biomass

Bioenergy value in decarbonization outlined in roadmap

- IEA and FAO jointly outline necessary steps to create strategy plan to increase the use of bioenergy
30.01.2017 Renewable , Geothermal/Biomass

Solar energy in Turkey shines out in 2016

- Turkey's solar energy installed capacity grew 230 percent in 2016 compared to previous year, Energy Ministry data shows
15.01.2017 Renewable , Finance , Solar , Geothermal/Biomass , Invesments

Chevron sells geothermal assets in Indonesia, Philippines

- Company sells geothermal facilities to Star Energy Consortium
25.12.2016 Renewable , Geothermal/Biomass

ENGIE sells Polaniec power plant to Enea for €250 mln

- The Polaniec transaction reduces ENGIE’s carbon emissions by 6.2 percent
25.12.2016 Renewable , Finance , Geothermal/Biomass , Invesments

U.K. Green Inv. Bank supports new waste-to-energy plant

- Facility to have 18.8 megawatts capacity and generate enough electricity to power more than 30,000 homes
16.12.2016 Renewable , Finance , Geothermal/Biomass , Invesments

Turkey receives $139.8 mln for geothermal projects

- Development Bank to loan $100 million, Clean Technology Fund to grant $39.8 million to Development Bank of Turkey
30.11.2016 Renewable , Geothermal/Biomass

Engie develops new dry biomass-to-energy technology

- Technical potential of dry biomass in European Union countries is 880,000 gigawatt hours a yearrn
28.11.2016 Renewable , Geothermal/Biomass

Italian EXERGY to support 5 geothermal plants in Turkey

- Company provides turbines, which have received the Made in Turkey certificate, to five different geothermal units in Turkey
17.11.2016 Renewable , Geothermal/Biomass

Turkey privatizes Kilavuzlu and Menzelet hydro plants

- Akorenbeli Hydroelectricity Investment Construction and Transmission AS wins privatization tender for two plants
04.11.2016 Renewable , Finance , Geothermal/Biomass , Invesments

Green Invest. Bank commits £28 mln. for biomass plant

- Construction to conclude in 2019 when plant will generate 94 gigawatt hours of electricity annually
07.10.2016 Renewable , Geothermal/Biomass

Waste can meet 3% of Turkey's power needs by 2020

- Waste to energy use in Turkey in four year's time is possible through correct technology use
26.09.2016 Renewable , Geothermal/Biomass

Turkey seeks $290 mln. funding for geothermal projects

- Funding is set to be used for early development of geothermal projects in Turkey, World Bank announces
23.08.2016 Renewable , Finance , Geothermal/Biomass , Projects

EXERGY aims for extra 200MW geothermal by 2017 in Turkey

- Turkish geothermal potential is one of the greatest in the world, says Deputy General Manager of EXERGY's Turkey subsidiary
12.08.2016 Renewable , Geothermal/Biomass

Global energy sector can solve air pollution problem

-Energy sector although is root cause of air pollution with fossil fuels, can also provide solution through clean energy: IEA
28.06.2016 Renewable , Solar , Geothermal/Biomass , Energy Diplomacy , International Organization

Izmir hosts the Int. Geothermal Congress

More than 200 leading Turkish and international geothermal experts attended IGC Turkey 2016 in Izmir
26.06.2016 Renewable , Finance , Geothermal/Biomass , Invesments

Turkey to reach geothermal energy target by 2018

Turkey likely to reach geothermal sector's 1,000 MW target by 2018, ahead of 2023, say EBRD officials
11.06.2016 Renewable , Finance , Geothermal/Biomass , Invesments

Turkey is hottest geothermal market in world: EBRD

- Turkey is currently hottest geothermal market in the world, says MD of European Bank for Reconstruction and Development
06.06.2016 Renewable , Finance , Geothermal/Biomass , Invesments

Build of N. Ireland’s largest waste energy plant begins

- The plant, due for completion in 2017, has capacity to generate enough power for 14,500 homes
22.03.2016 Renewable , Geothermal/Biomass

North American countries sign first-ever climate accord

- Agreement represents ‘bold vision for our continent’ says Canadian minister
13.02.2016 Renewable , Solar , Hydro , Geothermal/Biomass

Renewable energy investments in Turkey set to grow

- Boom seen in renewables with growing number of banks and financial institutions choosing to finance sector
28.01.2016 Renewable , Finance , Solar , Geothermal/Biomass , Invesments

Turkey to avail of EBRD's $125 M. for geothermal projs.

- The European Bank for Reconstruction and Development has developed PLUTO, a framework to further finance geothermal projects
25.01.2016 Renewable , Finance , Geothermal/Biomass , Invesments

Turkey’s geothermal sector seeks incentives hike

- With increase in incentives, more investors will be encouraged to enter sector, Geothermal Association of Turkey head says
14.01.2016 Renewable , Geothermal/Biomass

Biomass provides independence from fossil fuels

- Biomass use in Turkey should be increased, it provides independence from fossil fuels with its energy storage capability
05.01.2016 Renewable , Geothermal/Biomass

Global Geothermal Alliance launches in Paris COP21

- Coalition of 38 countries and over 20 development and industry partners launches Global Geothermal Alliance at COP21
09.12.2015 Renewable , Geothermal/Biomass

Turkey to build bioenergy plant in Uganda

-Turkey plans bioenergy plant for electricity generation in Uganda, Turkish Science, Industry and Technology Minister says
27.11.2015 Renewable , Geothermal/Biomass

Indonesia to raise geothermal electricity generation

- Current 1.3 GW geothermal capacity is aimed to reach 5 GW by 2020
20.10.2015 Renewable , Finance , Geothermal/Biomass , Projects

Carbon report envisions 20pct cut in Turkey's emissions

- New research says long-term 'green' policies will pay off after initial economic pain
07.10.2015 Renewable , Solar , Geothermal/Biomass

Renewables to meet 22% of Africa's energy demand by 2030

- Renewables could meet 22 percent of Africa's demand by 2030 - a rise of 17 percent from 2013, according to IRENA report
05.10.2015 Renewable , Geothermal/Biomass , Energy Diplomacy , International Organization

Istanbul produces energy from 14,000 tonnes of waste

09.09.2015 Renewable , Geothermal/Biomass

EBRD invests in waste managment plant in Baltics

- European Bank for Reconstruction and Development invests in construction of Baltic's waste management plant
24.08.2015 Renewable , Geothermal/Biomass

Scotland to improve poor homes with efficiency fund

- Scottish government to fund poor households in bid to make heating cheaper and homes more energy efficient
21.08.2015 Renewable , Finance , Geothermal/Biomass , Projects

Turcas to start power production from geothermal by 2017

- The company invested $65 million in a geotermal power plant in Aydin, says CEO of Turcas.
26.07.2015 Renewable , Geothermal/Biomass

Turkey to boost energy prod. from domestic waste: Yildiz

- Generating electricity from organic waste would lower Turkey's oil and gas import costs, Energy Minister Yildiz says
11.07.2015 Renewable , Finance , Geothermal/Biomass , Invesments

Scottish eco-schools to receive £440,000 in funding

07.07.2015 Renewable , Geothermal/Biomass

Construction starts on Scotland's green energy center

- St Andrews University will avail of state-of-the-art biomass facility, using only wood from sustainable local sources
07.07.2015 Renewable , Geothermal/Biomass

National Trust to invest £30 million in UK renewables

06.07.2015 Renewable , Hydro , Geothermal/Biomass

EBRD co-finances Turkey’s largest geothermal power plant

29.06.2015 Renewable , Finance , Geothermal/Biomass , Invesments

Turkey steps up electricity generation from waste

-The biomass plants in Istanbul provide power for 126,000 families annually
28.06.2015 Renewable , Geothermal/Biomass

Turkey's largest biomass plant receives pre-licensing

- Country's largest biomass project is part of Mutlular Enerji's $100 million investment in energy
25.06.2015 Renewable , Geothermal/Biomass

Zorlu Enerji gets prelim. license for geothermal project

- The company received preliminary license for its 24.9 megawatt Kizildere 4 geothermal project
22.06.2015 Renewable , Geothermal/Biomass , Regulation , Renewable

Turkey's renewable consumption increases

- Turkey more than quadrupled its renewable energy consumption in the last five years
13.06.2015 Renewable , Wind , Solar , Geothermal/Biomass

Ireland to construct country's largest biomass plant

-Construction on Ireland's largest biomass plant will begin later in month, announced country's chief
08.06.2015 Renewable , Geothermal/Biomass

Turkey launches power plants worth $1 bln in a week

- In one week, Turkey launcehd $1 billion worth of power plants, said the Energy and natural Resources Minister, Friday.
22.05.2015 Renewable , Geothermal/Biomass

Renewable energy employs 7.7 Million People: IRENA Report

20.05.2015 Renewable , Wind , Solar , Geothermal/Biomass

Turkish student built solar powered electric bicycle

- Turkish university student built solar powered electric bicycle with US$ 400 in 6 months
17.05.2015 Renewable , Solar , Geothermal/Biomass
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