Business · Energy & Commodities · 6 hrs ago
Halkbank plans 100 MW solar power project in Karaman
Halkbank plans a 100 MW solar power plant with storage in Karaman, Turkey, through its subsidiary Halk Elektrik Üretim.
The project is intended to expand Turkey’s renewable energy capacity and strengthen the reliability of its electricity supply.
The plant is expected to produce enough renewable electricity for about 120,000 homes a year.
Halkbank also estimates it could prevent about 175,000 tonnes of carbon emissions each year, an amount it compares with the annual carbon absorption of about three million trees.
The project is also meant to diversify and strengthen the subsidiary’s finances, with Halkbank expecting it to contribute to the bank’s income over the medium to long term.
The bank says the investment supports Turkey’s green transition and its 2053 net-zero emissions target.
The sources do not give a construction schedule or an expected date for the plant to begin operating.
Halkbank plans to build a 100-megawatt storage-integrated solar power plant in Karaman through its subsidiary Halk Elektrik Üretim A.Ş.
The bank says the plant is intended to increase Türkiye’s renewable energy capacity and strengthen energy supply security.
Halkbank estimates the project will produce enough renewable electricity to meet the annual needs of about 120,000 households.
The bank also expects the project to prevent about 175,000 tonnes of carbon emissions a year.
Halkbank says the investment is intended to diversify its subsidiary’s activities and create economic value for the group.
- Who
- Halkbank, through its subsidiary Halk Elektrik Üretim A.Ş.
- What
- It plans a 100-megawatt storage-integrated solar power plant.
- When
- Not stated
- Where
- Karaman, Türkiye
- Why
- Halkbank says the project aims to expand renewable energy capacity, strengthen energy supply security and create economic value.
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- Capacity
- 100 MW
- Location
- Karaman, Türkiye
- Developer
- Halk Elektrik Üretim A.Ş., a Halkbank subsidiary
- Households
- Annual electricity needs of about 120,000
- Emissions
- About 175,000 tonnes expected to be avoided annually
- Trees
- Environmental benefit compared with the annual carbon absorption of about 3 million trees
2 sources
What people are saying
We aim to produce renewable energy equivalent to the annual electricity needs of approximately 120,000 households.
We expect the project to prevent approximately 175,000 tonnes of carbon emissions per year and to create an environmental benefit equivalent to the annual carbon absorption of approximately 3 million trees.
We view this project not only as an energy investment, but also as a long-term strategic investment that generates sustainable economic value.
We see the support of our country’s energy transition as a strategic priority.