Brief: Galata Wind Enerji Says It Signs A USD 25 Mln Green Loan Agreement With Societe De Promotion Et De Participation Pour La Cooperation Economique S.A.

Galata Wind Enerji

25/03/2024 15:47

March 25 (Reuters) - Galata Wind Enerji Anonim Sirket
 GWIND.IS :
    * GALATA WIND ENERJI SAYS IT SIGNS A USD 25 MILLION GREEN
LOAN
AGREEMENT WITH SOCIETE DE PROMOTION ET DE PARTICIPATION POUR LA
COOPERATION ECONOMIQUE S.A. FOR TAŞPINAR HYBRID SPP PROJECT
    * GALATA WIND ENERJI SAYS LOAN IS FOR  ENTIRE TAŞPINAR
HYBRID SPP
PROJECT WITH AN INSTALLED CAPACITY OF 42.5 MW AND A TOTAL
INVESTMENT BUDGET OF AROUND USD 30 MILLION
    * GALATA WIND ENERJI SAYS FIRST USD 15 MILLION OF THE USD 25
MILLION LOAN IS EXPECTED TO BE DRAWN DOWN SHORTLY AFTER SIGNING
UNDER PROJECT, FIRST PHASE OF WHICH OF 17 MW IS LARGELY
COMPLETED
    * GALATA WIND ENERJI SAYS  REMAINING USD 10 MILLION IS
EXPECTED TO
BE DRAWN DOWN AT THE END OF THE SECOND PHASE OF THE TAŞPINAR
HYBRID SPP PROJECT
    * GALATA WIND ENERJI SAYS  IT CONTINUES ITS EFFORTS TO
UTILIZE
GREEN FINANCING FOR ITS INVESTMENTS  WITH TARGET OF REACHING 550
MW INSTALLED CAPACITY IN 2025 AND 1,000 MW INSTALLED CAPACITY IN
2030

Source text for Eikon:  ID:nIKA5FQKSy 
Further company coverage:  GWIND.IS 

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