Tuesday 16 November 2021

UK provides £217m to fund largest Turkish solar project

The UK is set to provide £217 million in funding to develop the largest solar facility in Turkey.

The site will be the size of 4,600 football pitches and is set to power two million households with renewable energy.

Announced by the International Trade Secretary, Anne-Marie Trevelyan, UK Export Finance (UKEF) will provide the funding to Kalyon Enerji to develop the 1.35GW facility.

The assembly of the solar power station will also occur in the UK, creating 100 British jobs in the process.

It is expected to be operational by late 2022.

Ms Trevelyan commented: “UKEF is putting the UK at the heart of the global green energy transition. With over £200 million pounds worth of backing, we are helping to bring solar energy to 2 million Turkish households.

“Firm action from the UK alone is not enough to fight the climate crisis. UKEF’s financing encourages other countries to invest in renewable energy and opens new markets for UK businesses that will power a recovery underpinned by green jobs.”