UKEF to support Turkey's 1.35 GW »Karapinar« PV plant with £217 million

Britain's export credit agency UK Export Finance (UKEF) and GE Energy Financial Services announced an agreement to finance the currently largest solar facility in Turkey. UKEF said it would provide over £217 million ($291 million) worth of government backing to help construct Kalyon Enerji's 1.35 GW »Karapinar» PV plant located in the Konya Karapinar province. According to UK Export Finance it is the largest-ever guarantee it has provided for a solar project.
GE Renewable Energy has already completed the commissioning of Karapinar phase I with a capacity of 267 MW. The PV facility is expected to be completed and to start operations in late 2022 and will help Turkey to continue its expansion of renewable energy resources and commission up to 10 GW of solar capacity between 2017 to 2027.
GE Energy Financial Services is a global energy investor managing assets through multiple energy cycles. UK Export Finance is the UK’s export credit agency and a government department, working alongside the Department for International Trade as an integral part of its strategy and operations.

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