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Turkish energy firm Aksa Enerji has secured $124 million in international financing backed by China's export credit agency to fund its 100.08 MW wind power project with energy storage in the southern province of Mersin.
The company signed the loan agreement with BBVA's Hong Kong branch, while the financing is guaranteed by the China Export and Credit Insurance Corporation (Sinosure).
The 12-year facility is expected to support Aksa Enerji's long-term growth plans and broaden the geographic diversity of its funding sources, the company said in a disclosure on Thursday.
Aksa Enerji is currently developing 14 renewable energy projects with energy storage across 11 provinces in Türkiye, representing a combined installed capacity of 941 MW.
The Mersin facility is the first renewable power plant in Türkiye to receive a license as a storage-integrated renewable energy project. Once operational, the company expects the plant's advanced storage infrastructure to improve the balance, flexibility and efficiency of integrating renewable electricity into the national grid.
"As Aksa Enerji, in line with our'Sustainable High Growth' strategy, we prioritize diversification inour generation portfolio and continue to invest in renewable energytechnologies to achieve our 2030 targets," the company said.
Founded in 1997 under Kazancı Holding, Aksa Enerji is Türkiye's largest publicly listed independent power producer. The company operates power plants across seven countries and had a total installed generation capacity of 3,188 MW as of the latest reporting period.
Its portfolio spans Türkiye, the Turkish Republic of Northern Cyprus, Ghana, Mali, the Republic of the Congo and Uzbekistan, while it continues to expand its footprint through new power and renewable energy projects across Africa and Central Asia.
Aksa Enerji generated ₺42.4 billion ($1 billion) in revenue and ₺3.7 billion in net profit in 2025, with EBITDA rising 37% year over year to ₺13.5 billion. During the session, the company's shares rose nearly 2% before giving up the gains.
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