KfW IPEX-Bank: Financing for the flagship wind farm project "Enerjisa YEKA-2” in Türkiye

• Nine wind farms in three regions
• Extensive supplies from Germany

KfW IPEX-Bank is taking a leading role in another major project for the energy transition in Europe. It involves the delivery, installation, commissioning and operation of the “Enerjisa YEKA-2" onshore wind farm project, which includes nine wind farms in the regions of Aydin, Balıkesir, and Çanakkale with a total capacity of 750 MW. The supplier and installer of the 180 wind turbines is the renowned German manufacturer Enercon. The completion of the wind farms is scheduled for early 2026.

The financing for the Turkish energy generation company Enerjisa Enerji Üretim is provided by a consortium of seven international commercial banks and development institutions and comprises several tranches totaling more than USD 1 billion. This includes a buyer credit of approximately USD 400 million, which is covered by the Federal Government through the German export credit insurance Euler Hermes. KfW IPEX-Bank acts as ECA Coordinator and ECA Agent for this tranche, as Commercial Facility Agent under the commercial tranche, and as Intercreditor Agent under all four tranches. Its participation in the overall financing amounts to approximately USD 125 million. Large parts of the financing are structured as a "Green Loan."

"We are proud to be involved in this groundbreaking flagship project for the growing renewable energy market in Türkiye and to support our valued long-term client Enerjisa Enerji Üretim with our financing," said Belgin Rudack, CEO of KfW IPEX-Bank. "At the same time, we are supporting one of our core clients, the German wind turbine manufacturer Enercon, in a key growth market. Once again, our participation underscores our commitment to advancing the energy transition in Europe."