It has been reported that Kalyon Karapınar Solar Power Plant (GES) Project won the Adam Smith 2022 “Best Financing Solution” award.
In the statement made by Kalyon Energy, it was stated that Kalyon Karapınar SPP, which is Turkey’s first power plant implemented with domestic technology and the largest power plant in Europe, has achieved great success with the global awards it has received recently.
812 MILLION DOLLARS GIANT AGREEMENT
In the statement, Kalyon Holding’s British Export Credit Agency-UK Export Finance (UKEF), JP Morgan Chase Bank, DenizBank, Garanti BBVA, ICBC, Türkiye İş Bankası, Turkey Development and Investment Bank, Türkiye Sınai Kalkınma Bankası and VakıfBank for Kalyon Karapınar GES It was noted that a total of 812 million dollars financing agreement was signed with 12-year maturity and this financing success in the project resulted in an award in the “Best Financing Solution” category in 2022 by Adam Smith.
Murathan Kalyoncu, Member of the Board of Directors of Kalyon Holding, whose views are included in the statement, stated that Kalyon Karapınar SPP is an important project in terms of access to foreign capital and funding in the energy sector and said:
“The Kalyon brand has always offered added value to our country, while breaking new ground in Turkey from past to present. By carrying the competence we acquired in Turkey to the international arena, business development within the scope of green financing in the field of renewable energy was one of our priority issues in 2022. We are happy that we were able to achieve this. “The Kalyon Karapınar SPP and the financing solution we put forward in this project are both the harbinger of our future projects and the proof of trust in the Kalyon brand. We will continue to undertake value-added projects in the coming period.”
Kalyon Holding Senior Manager (CEO) Mustafa Koçar stated that the Karapınar SPP Project has not only an economic but also a symbolic value in terms of Turkey’s future energy targets, and said, “As Kalyon Energy, we are proud to realize big projects that have a share in the growth of our country. Investments in renewable energy sources, especially solar energy, will strengthen our country in global competition.” made its assessment.
In the statement, the Kalyon Karapınar SPP Project, whose loan agreements were signed in November 2021, received the “Best Financial Transaction Award” from GTR in the category of “Export Finance Deal of the Year in Europe” from IJGlobal, as well as Adam Smith, IFLR’ “Project Financing Deal of the Year” from PFI, “Best ESG (Environmental, Social and Corporate Governance) Project of the Year in Europe” from PFI, “Best Solar Finance Deal of the Year in Europe” from Proximo, and “Best Solar Finance Deal of the Year in Europe” from EMEA. Good Green Syndicated Loan” and “Best Structural Financing Transaction of the Year in Central and Eastern Europe (CEE)”.