UK export credit agency to finance Turkey’s largest solar power plant

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ANKARA, Nov. 15 (Reuters) – Britain’s export credit agency UK Export Finance (UKEF) said on Monday it would provide more than £ 217million ($ 291.04million) in government support for help build Turkey’s largest solar installation, in its biggest ever guarantee for a solar project.

Kalyon Enerji’s 1.35 GW Karapinar solar project in Turkey will provide clean electricity to around two million Turkish households when completed at the end of 2022.

“With more than £ 200 million in support, we are helping deliver solar power to two million Turkish households,” International Trade Secretary Anne-Marie Trevelyan said in the statement.

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“UKEF funding encourages other countries to invest in renewable energy and opens up new markets for UK businesses that will fuel a recovery supported by green jobs.”

The plant will prevent 1.5 million tonnes of carbon emissions per year and, by the end of 2022, will increase the share of solar energy in Turkey’s total energy production by 20%, according to the statement. of the UKEF.

UKEF added that the plant would ultimately serve the needs of 2 million people.

UKEF is the UK’s export credit agency and government department, working alongside the Department for International Trade in its strategy and operations.

($ 1 = 0.7456 pounds)

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Reporting by Ece Toksabay; edited by Diane Craft

Our Standards: Thomson Reuters Trust Principles.

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