Cengiz Holding Secures USD 64.5 Million in Green Financing for Its Energy Investments

Cengiz Holding subsidiaries Eti Bakır and Eti Alüminyum continue to meet their electricity needs from renewable sources with two new solar power plant investments totaling 135 MW of installed capacity. The companies have secured a USD 64.5 million “Comprehensive Carbon Reduction Investment Loan” to finance their combined USD 120 million investment.

Focusing on people and a sustainable future in their production processes, Eti Bakır and Eti Alüminyum continue to expand their solar power plant (SPP) portfolios to meet internal electricity consumption.

Eti Bakır, which already operates a 52 MW solar plant in Mardin–Mazıdağı, is now close to completing a new 45 MW SPP in Ağrı–Doğubeyazıt. Eti Alüminyum, meanwhile, which currently operates four SPPs with a total installed capacity of 160 MW, is commissioning an additional 90 MW plant in Araban, Gaziantep.

A total USD 120 million investment has been made in these projects, which together create 135 MW of new renewable energy capacity. Sustainability reports prepared by independent experts highlight the positive impact of the projects on energy efficiency and carbon emissions. In line with these findings, a USD 64.5 million Comprehensive Carbon Reduction Investment Loan was granted.

The commitments made under this loan—covering carbon emissions reduction and improved energy efficiency—will remain valid throughout the lifespan of the projects.

Once the investments are completed, Eti Bakır, which currently meets 35% of its electricity needs from renewable sources, will increase this share to 65%. Eti Alüminyum, which already supplies nearly all of its electricity from renewables, will continue to meet its growing energy needs entirely from sustainable sources.

A MAJOR STEP İN THE JOURNEY TOWARD NET ZERO

Cengiz Holding Energy Group President Ahmet Cengiz emphasized that these investments not only meet internal energy needs but also represent a significant milestone in achieving sustainability goals and reducing the carbon footprint: “At Cengiz Holding, we prioritize supporting Türkiye’s energy supply security through natural resources. For more than a decade, we have focused exclusively on renewable energy investments because we believe that future economic growth must advance hand in hand with sustainability principles.We place great importance on meeting the electricity needs of our group companies from renewable resources. With these two new SPP investments totaling 135 MW, we have taken yet another important step in our pioneering journey toward net zero. The green financing we have secured serves as a certification of the long-term sustainability of our efforts.”