Polish and UK credit agencies finance 390MW Turkish solar project

Facebook
Twitter
LinkedIn
Reddit
Email
Kaylon Enerji's Karapinar solar plant.
As part of the deal, Kalyon Enerji will be able to pay for the exports provided by the UK and Poland over a longer period. Image: Kaylon Enerji.

The UK’s Standard Chartered Bank will provide a €249 million (US$272 million) loan for Turkish renewable energy investment company Kalyon Enerji.

UK Export Finance (UKEF) and KUKE, the UK and Polish export credit agencies, have guaranteed the loan which will see the construction and operation of solar power plants at seven separate sites across three Turkish provinces. With an aggregate generation capacity of 390MWp, the project is said to be Turkey’s second-largest solar development.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Standard Chartered acted as structuring bank, green loan coordinator, lead arranger and lender. The financing is guaranteed by a 100% UKEF guarantee, with over €122 million reinsured by KUKE.

It means that Kalyon Enerji will be able to pay for the exports provided by the UK and Poland over a longer period, meanwhile supporting jobs in the renewable energy sector supply chain at home.

Gareth Thomas, UK minister for exports, said: “Our mission is to grow the economy, including through boosting exports so British businesses can sell their world-class goods and services around the world.

“This announcement will support jobs and businesses across the country, especially in the Midlands, and support the global transition toward cleaner energy.”

Read the full version of this story on our sister site, Solar Power Portal.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 21, 2025
Enfinity Global has sold a 49% equity interest in its 402MW portfolio of solar plants in Italy to the SOFAZ.
July 21, 2025
Xcel Energy has announced plans to install 2GW of new renewable energy capacity in the US states of Texas and New Mexico.
July 18, 2025
The average price of solar panels used in distributed generation projects in the US reached US$0.27/W by the first half of the year.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
Premium
July 18, 2025
Inside the European Solar Academy's steps to equip Europe’s workforce with necessary skills as it approaches its first anniversary.
July 18, 2025
Georgia Power’s 2025 Integrated Resource Plan (IRP) will see the utility aim to install 4GW of new renewable power capacity by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK