en

Clean energy production from rooftop solar power plant in Turkey

Investor
Deniz Otomotiv
Location
Uşak, Turkey
Investment
Rooftop Solar Power Plant
Investment Size
€831,698
Financial results
Payback of 6.4 years
Energy savings
1,667 MWh per year
CO2 savings
635 tonnes per year
Impact
Clean energy production
Donor
EU

Clean textile production in Uşak

TurSEFF loan is helping clean energy production from a 1.28 MWp rooftop solar power plant (RSPV).

Deniz Otomotiv is a textile company in Uşak which aims to invest in solar energy projects in Turkey. They specifically focus on textile production in the region since 1994. They have production facilities in Tekirdağ and Uşak.

TurSEFF consultant advised company about the innovative ways of reducing its energy costs. The SPP investment will provide the electricity need of the building from a green energy source and the surplus electricity will be fed to the grid.

Company financed the investment by TurSEFF loan blended with technical assistance. During the project implementation TurSEFF consultant performed the project analysis, assessed the potential of energy savings, financial-technical parameters, and risks of the investment.

The company used €680,000 TurSEFF loan from a partner financial institution. As a result of the investment, the SPP will provide 1,667 MWh energy saving. This green energy investment will contribute mitigation of climate change’s negative impacts.

The plant helps reduction of the CO2 emissions up to 635 tonnes per year.

The Turkey Sustainable Energy Financing Facility (TurSEFF) was developed by the European Bank for Reconstruction and Development (EBRD) to provide financing for Resource Efficiency and Sustainable Energy investments. European Union (EU) is supporting TurSEFF by providing finance to Technical Assistance.

print