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Clean energy production from biogas solar power plant, in Çorum
TurSEFF loan is helping clean energy production from a 2.7 MWp biogas power plant (BPP) in 2020. Within the scope of this investment, Arel Enerji operates the plant in province of Çorum and have an agreement with Çorum Municipality for municipal solid waste (MSW).
Arel Çevre a company who was founded in 2011 with the sole purpose of establishing and running power plants based on fossil-based resources, has installed a biogas power plant (BPP) in Çorum.
TurSEFF consultant advised company about the innovative ways of reducing its energy costs. Also, since the project is in cooperation with the municipality, procurement process was evaluated by TurSEFF consultant.
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 € 252,480 TurSEFF loan from a partner financial institution. As a result of the investment, the BPP will provide 18,168 MWh energy saving. Also, thanks to the investment, 146,000 tonnes MSW is reduced annually. This green energy investment will contribute mitigation of climate change’s negative impacts.
The plant helps reduction of the CO2 emissions up to 77,421 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.