Borusan EnBW Enerji Invests USD 180 Million for Saros Res

Borusan EnBW Enerji has signed a financing agreement with its subsidiary Longitude Energy for the Saros Wind Power Plant investment, which will consist of 27 wind turbines with an installed capacity of 138 MW. The investment will be at the level of 180 million US dollars.

13 March 2020, Istanbul. An important step has been taken for the Saros WPP Project, which will have an installed capacity of 138 MW in the Çan district of Çanakkale. A financing agreement was signed with 4 banks for a total investment of USD 180 million to be realized by Borusan EnBW Enerji's subsidiary 'Longitude Energy'.

To be used in the financing of the project, the Industrial Development Bank of Turkey (TSKB) will provide a loan of USD 80 million and DZ Bank will provide USD 65 million in loans with the support of the German Export Finance Agency (Euler Hermes). The rest of the investment will be covered by Borusan EnBW Enerji's own resources. İş bank and Garanti BBVA are also involved in the financing agreement by providing a bank guarantee letter for ECA financing in the amount of USD 65 million.

Contribution to Turkey's nature and economy!

Last year, Borusan EnBW Enerji signed an agreement with GE Renewable Energy to supply 27 Cypress turbines for the Saros WPP Project, whose planning work has begun.

Thanks to its "0" emission production, Saros WPP will prevent the emission of 267,000 tons of carbon dioxide to the atmosphere annually. That's the equivalent of 7.3 million trees. The Saros WPP Project will reduce Turkey's dependence on foreign energy and energy imports, while supporting the domestic manufacturing industry and the local economy. When the project goes into production, it will reduce natural gas imports by 90 million m3 per year. This means that Turkey's natural gas bill will fall by approximately 24 million US dollars.

The blades and towers of the turbines to be used in the Saros WPP project will be produced in Turkey. During the construction works of the power plant, many needs in terms of labor, materials and equipment will be supplied from the region. In this way, domestic industry and enterprises will be supported. When Saros WPP is operational, it will meet the electricity energy needs of approximately 200,000 households annually.

Investment activities will be managed sensitively to the natural and social environment!

The turbine layout and transport routes plan of the project were prepared taking into account environmental and social sensitivities. While most of the turbines are located in treeless forest lands and unused individual lands, 95% of the transportation and transportation routes are located through existing forest roads and open lands. The roads to be used during the transportation and construction works were planned in such a way that they would not pass through the villages. In addition, the turbines were positioned at the farthest possible distance from the villages. Thus, the sound and shadow effect on the villages was maximally reduced.

Since the number of turbines to be used in the project was kept low by about 40% compared to similar projects, the amount of land needed also decreased. There will be no restrictions around the turbines. In this way, agricultural livestock activities will continue without any problems. There will also be no impact on groundwater during the construction and operation of the power plant.

Within the scope of the project, a detailed Environmental and Social Impact Assessment process is carried out in many areas in terms of biodiversity and technique according to national and international standards.

Borusan EnBW Enerji illuminates 2.5 million households!

Today, Borusan EnBW Enerji has a total portfolio of 1,150 MW with 11 renewable energy facilities in operation and projects under development and investment. The company generated 6.6 billion kWh of energy between September 2009 and June 2019, illuminating 2.5 million households. With this production, natural gas imports of about $ 410 million were prevented in the same period and a significant contribution was made to the reduction of energy imports, which constitute the largest input of the current account deficit.