Loading grant details…
China Development Bank pledges to loan $600 million USD for 600 MW wind farm project in Turkey
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Agaoglu Group |
| Country | Turkey |
| Start Date | Apr 10, 2012 |
| End Date | Nov 21, 2028 |
| Duration | 6,069 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67347 |
Grant Description
China Development Bank pledges to loan $600 million USD for 600 MW wind farm project in Turkey On April 10, 2012, China’s Sinovel Wind Group and Agaoglu Group, a Turkish construction company, signed an implementation agreement for the construction of a 600MW Wind Farm Project. China Development Bank will loan $600 million USD for the project.
According to media reports, CDB will provide 60% of the funding for the $1 billion USD (763 million EUR) project. The specific loan details are unknown. The wind farm will generate 2 million kWh of electricity a year, according to the statement. Agaoglu has invited Sinovel to make in Turkey components such as towers, wings and generators for the machines.
Agaoglu, which operates in the construction, tourism and energy sectors, has a pipeline of 1,250 MW of clean energy projects, including 750 MW of wind power capacity.
Sources & References
- Turkey
- China sign slew of multi-billion dollar deals
- Turkey
- China sign slew of multi-billion dollar deals
- 土耳其和中国签署了一系列合作协议 协议价值数十亿美元
- Sinovel wins 600MW deal in Turkey
- Sinovel Agrees to Supply $1 Billion Agaoglu Wind Farm in Turkey
- Sinovel to supply 600 MW of wind turbines to Turkish Agaoglu
- China Plans to Tap 600 MW of Wind Power in Turkey
- 华锐风电亮相第七届外洽会 聚焦海外风电市场
- 华锐风机将大规模登陆土耳其 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Agaoglu Group
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
