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Aksa Energy has signed a $124 million international financing agreement for its 100.08 MW wind power plant with energy storage project in Mersin. The financing, provided by BBVA under the guarantee of the China Export & Credit Insurance Corporation (Sinosure), represents a strategic milestone in further diversifying the Company's funding sources geographically.
Having established itself as a global energy company with operations across 14 power plants in 8 countries and an installed capacity exceeding 3,500 MW, Aksa Energy has secured significant financing to support its renewable energy investments. The Company signed a $124 million loan agreement with BBVA Hong Kong Branch to finance the construction of its 100.08 MW wind power plant with energy storage in Mersin, Türkiye.
The financing, guaranteed by Sinosure, has a 12-year maturity and supports Aksa Energy's sustainable high-growth strategy. In addition to strengthening the Company's investments in renewable energy technologies, the agreement further enhances the geographical diversification of its financing sources.
Aksa Energy Leads Türkiye's Energy Transition with Its Strong Renewable Portfolio
Aksa Energy continues to play a leading role in Türkiye's energy transition. The Company is currently developing 14 renewable energy projects with integrated energy storage across 11 provinces, representing a total installed capacity of 941 MW.
The Mersin Wind Power Plant with Energy Storage, financed under this agreement, is the first project in Türkiye to receive a license as a renewable power plant with integrated energy storage. Once commissioned, the project will contribute to a more balanced, flexible, and efficient integration of renewable energy into the
