In 2011 we started our activities in the field of renewable energies with a cooperation with Shanghai Aerospace which aimed at a size in the range of 1 Gigawatts for solar projects in Turkey. With participations in 5 solar power plants in Central Anatolia and the Mediterranean region, we are getting closer and closer to this goal.
In the hydropower sector, we started a joint venture with Commerz Real from Wiesbaden-Germany to the Bagistas river power plant with an output of 50 MW. With the participation in 3 Euphrates hydropower plants together with the solar projects we are involved in an installed capacity of 800 MW and 2,92 Gigawatt hour per year production and these projects were made possible by us and contribute to a better future.
Since the financing business is based on mutual trust and we have long-term business contacts with our customers and investors, we ask you to understand that due to our non-disclosure agreements, project-specific details can only be published after signing an NDA.
SOLAR POWER PLANT
Project support – intermediary financial institution
United Arab Emirates
The project consists of a platform to develop and operate 240-megawatt (MW) solar projects in UAE.
This project will enable the financing of a NewCo, the holding company owner of 100% of solar photovoltaic (SPV) projects under development. The NewCo will build and operate 22 solar photovoltaic projects with an aggregate capacity of 240 MW in UAE.
NO GLOBTEC FINANCING. GLOBTEC IS THE CHIEF ADVISOR FOR TECHNOLOGY AND FINANCE
TOTAL COST EUR 195 MILLION
Details of the clients environmental and social due diligence procedures for ensuring compliance with relevant UAE regulation and the Environmental and Social Standards as well as the capacity of the client to assess and monitor environmental and social risks and impacts, will be reviewed during project execution.
The client will be required to develop an environmental and social policy and establish the appropriate management systems to comply with the environmental and social requirements.
Signed – Dec/09/2019