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A Rooftop Solar Power Plant Project in Gaziantep Province

Investor
Tümer Halı
Location
Gaziantep, Türkiye
Investment
Rooftop Solar Power Plant
Investment Size
€742,403.31
Financial results
Payback of 5.06 years
Energy savings
2,021 MWh per year
CO2 savings
727 tonnes per year
Impact
Clean energy production
Donor
EU, MoTF

Clean energy production from rooftop solar power plant, in Gaziantep

TurSEFF loan is helping clean energy production from a 1,685 kWp rooftop solar power plant (RSPV) in 2021.

Tümer Halı a company who is a carpet manufacturer since 2000, has installed a rooftop solar power plant (RSPV) on its facility in Gaziantep.

TurSEFF consultant advised company about the innovative ways of reducing its energy costs. The RSPV 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 € 742,403.31 TurSEFF loan from a partner financial institution. As a result of the investment, the RSPV will provide 2,021 MWh energy saving. This green energy investment will contribute mitigation of climate change’s negative impacts. In the project, a performance commitment was given to the Company by the EPC. Thus, the Company is protected against technical risks. It also increases the project quality as EPC takes financial risk.

The plant helps reduction of the CO2 emissions up to 727 tonnes per year.

The Türkiye 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) and Republic of Türkiye Ministry of Treasury and Finance are supporting TurSEFF by providing finance to Technical Assistance.

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