The European Bank for Reconstruction & Development (EBRD) has awarded a €135m loan to privately-owned Turkish energy company Enerjisa to build the new 142.5MW Enerjisa Bares WPP, an on-shore independent wind farm in Balikesir.
Enerjisa is jointly owned by Haci Omer Sabanci Holding and Verbund International.
The wind farm which will employ 52 wind turbines is expected to be Turkey's largest wind farm, on completion slated in mid-2012.
EBRD director of power and energy utilities team Nandita Parshad said, "The EBRD's financing will help the country to increase the share of renewable energy in its energy mix, providing a significant contribution towards Turkey's green energy targets."
Enerjisa CFO Bernhard Raberger said, "We are targeting to increase the share of renewable energy sources in the portfolio of Enerjisa which aims to install a capacity of 5.000 MW by 2015, in order to meet the electricity demand in Turkey in the most reliable and environmentally-friendly manner."
EBRD said the new wind farm will raise Turkey's current installed wind generation capacity of around 1.8GW by 8%.
Turkey aims to add 10 GW wind capacity by 2020 to reduce its dependence on imported fuels.
EBRD had earlier provided a €45m for the development of a 135MW on-shore independent wind farm in Osmaniye.