Despite the challenging market conditions, we were able to manage the transaction volume of up to 900 million USD thanks to our financial power. By signing the 102 million USD loan agreement, we provided funding for the 100MW wind and solar hybrid investment within the framework of Generation Next.Read More
As Enerjisa Üretim, we have the largest special generation portfolio in Türkiye and continue to advance towards our goals with the vision of being a pioneering company for the future. We operate with a culture of operational excellence, technology development and cyber security.Read More
We aim to further increase the share of renewable energy in our production portfolio, with wind and solar power plants at the centre of our investment.Read More
Despite the challenging market conditions, we were able to manage the transaction volume of up to 900 million USD thanks to our financial power. By signing the 102 million USD loan agreement, we provided funding for the 100MW wind and solar hybrid investment within the framework of Üretim Next.
We paid 150 million USD dividend to our shareholders for 2022 year-end profit.
CFO Mert Yaycioglu and his son AlpClick to watch the video
In 2022, Our Asset/Liability Committee, which was established with the participation of senior management to assess financial risks and plan actions, pursued the assessment of financial risks in a proactive and regular manner and;
We manage the risks in cash flow and net profit/loss levels via our digital tools, by evaluating them with daily granularity and long-term analysis, incorporating thousands of different exchange rates and interest rate scenarios. Thus, we ensure the management of financial risks and obtaining optimum financial results for Enerjisa Üretim.
Our currency risks arising from our receivables, debts and purchase guarantees in different currencies constitute a significant part of our financial risks. In addition, interest risks and tax risks arising from deposits, loans and/or term debts and receivables are also included in the scope of financial risks. In order to manage these risks more effectively, we assigned the Financial Risk Management department under the Risk Culture department.
The basic principles, authorization and limits of financial operations, approval procedures, monitored metrics and risk management practices are determined in line with the Financial Risk Management Policy.
As Enerjisa Üretim, we have the largest special production portfolio in Türkiye and continue to advance towards our goals with the vision of being a pioneering company for the future. We operate with a culture of operational excellence, technology development and cyber security.
We continue to contribute to Türkiye’s renewable energy targets regarding the near future and to fulfil our sustainability commitments with our low-carbon renewable energy power plants, the majority of which are CCGT and renewable energy sources.
Strategy and Portfolio Management Director Egemen Yamankurt and his daughter AryaClick to watch the video
We create our culture with the value and importance we attach to life, occupational health and safety, business continuity and technology. As an exemplary company with our commitment to the principles of environmental protection, zero work accident target and respect for human rights, we fulfil our social responsibilities by integrating these topics into all our activities.
In addition, we aim to have a leading position in the sector with our investments in innovative technologies, smart solutions and digitalization. In this way, while making a great contribution to the energy sector, we also work for a sustainable future.
We follow new and disruptive technologies and continue displaying an interest in Start-ups and REITs. We communicate and cooperate with both domestic and foreign universities.
We aim to further increase the share of renewable energy in our production portfolio, with wind and solar power plants at the centre of our investment.
Wind Power Plants Director Ezgi Deniz Katmer and her son MertClick to watch the video
In addition to the total capacity of 500 MW in Aydın and Çanakkale regions, which we had won via the WPP WPP YEKA-2 tenders held by the Ministry of Energy and Natural Resources, we included a 500 MW capacity that we achieved by Enercon in Muğla and Balıkesir regions, into our investment plan. In this way, we took a step towards realizing the entire capacity of the YEKA-2 tender with an investment of approximately 1.2 billion dollars.
We will increase our generation capacity to 5,000+ MW in 5 years with our investments in wind and solar power plants accordingly. In this way, our share of renewable energy will increase to 60 percent.
All of our YEKA-2 projects were pre- licensed in 2022. The Environmental Impact Assessment (EIA) processes of the projects were also initiated. Our Erciyes WPP investment was put into operation in 2022, both before the targeted project schedule and below the targeted budget.
By installing SPP in our Erciyes WPP project, we turned it into a multi- source renewable energy facility (hybrid electricity generation plant). We are happy to add 65 MW wind and 14.5 MW solar power plants to our country’s grid.
By taking advantage of the electrical capacity increase opportunities of TEİAŞ, we have been entitled the right to increase the capacity for our 5 wind power plants in operation. In this respect, we will complete the permit processes of our power plants in the coming period and install approximately 48 MW. In 2022, we started the investment process of a 60 MW hybrid solar power plant while the installation of 41 MW hybrid solar power plant has been completed. Project design processes for hybrid solar power plants, which are planned to be established in 2023 and 2024 respectively, have already begun.
In addition to all these, while we are taking steps to grow with renewable energy by tapping into wind and solar energy, we strengthen our journey by caring about new technologies such as micro wind turbines, which we continue to implement at our Bandırma Energy Base, as well as start-up collaborations.