Pasifik Holding Secures €40 Million for Edirne Wind Project
The planned project includes 39.9 MWe of wind capacity and 39.9 MWh of storage, with construction preparations underway.
Key takeaways
- A domestic bank provided €40 million in project financing.
- EPC work has started and wind turbine orders have been placed.
- The planned project includes 39.9 MWe of generation and 39.9 MWh of storage.
Pasifik Holding said its subsidiary Windrogen Enerji has secured €40 million in financing from a domestic bank for the planned Arel wind and storage project in Keşan, Edirne. The company described the financing as a significant step in the investment process.
The project is planned with 39.9 MWe of installed capacity, 39.9 MWh of electricity storage and annual generation of about 160 million kWh. The company said it has also obtained an Investment Incentive Certificate for the project.
Engineering, procurement and construction work has begun, and orders have been placed for the wind turbines. These steps indicate that technical preparations are underway; the disclosure does not give a completion or commissioning date.
The financing supports the project’s investment process, but the disclosure does not say that the project is complete or generating revenue. Pasifik Holding said it would make further announcements if later developments require public disclosure.
This article was produced with the help of AI technology. Source: Yahoo Finance
