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Aydem Renewable Energy aims to grow by 35% in its installed capacity

Aydem Renewable Energy aims to grow by 35% in its installed capacity

Omer Fatih Keha, General Manager of Aydem Renewable Energy, conveyed our company's growth targets for the next period to the "Renewable Energy" addition prepared by Dünya Gazetesi (Newspaper).

Aydem Renewable Energy, which produces in a total of 24 power plants and has a portfolio size of 1.020 megawatts, aims to increase its installed capacity by 35 percent with hybrid and capacity increase investments by the end of 2023.

Stating that they have implemented Turkey's first private hydroelectric power plant, Aydem Renewable Energy General Manager Ömer Fatih Keha said, "We meet Turkey's energy needs with clean energy production with our hydroelectric, wind and geothermal power plants consisting of all renewable resources. We operate in four regions of Turkey: Black Sea, Aegean, Mediterranean and Marmara with our wide portfolio of 20 hydroelectric, 3 wind and 1 geothermal power plant. Our annual energy generation is 3.925GWh ''. "By the end of 2023, we will increase our installed capacity by 35 percent with hybrid and capacity increase investments," Keha said.

''We have achieved the biggest public offering of the last three years''

Ömer Fatih Keha, who talked about the public offering process and its contributions, said, "In April 2021, we achieved the largest public offering in our country in the last three years with a transaction volume of 1.3 billion TRY, which we reached by collecting five times demand from more than 338 thousand investors. Gerçekleştirdiğimiz 750 milyon dolarlık yeşil tahvil ihracı, Türkiye’de ilk seferde en yüksek tutarda gerçekleştirilen tahvil ihracı olmanın yanı sıra CEEMEA (Orta & Doğu Avrupa, Ortadoğu ve Afrika) Bölgesi’nde bir yenilenebilir enerji şirketinin gerçekleştirdiği en büyük işlem olma özelliğini de taşıyor.

Stating that they have come to the forefront with the financing model they have carried out so far with the goal of a more livable world and have chosen for the investments they have committed, especially hybrids, Keha said, "We take care to produce energy with our environmentally friendly production model by obtaining Zero Waste Certificate, Renewable Energy (IREC) and Emission Reduction Certificates (VCS & GS) in our operating plants."

Stating that they focus on reducing the direct and indirect effects of their operations on the environment in order for the energy map of Turkey to turn green, Keha said that they are working continuously to improve their environmental performance.

358 MW of renewable installed capasity to be commissioned

Ömer Fatih Keha stated that they increased their income threefold to 849 million TRY in the first quarter of 2022 and increased their operating profit before Interest, Tax and Depreciation to 721 million TRY. "Our investments planned to be commissioned on the basis of total installed capacity in 2022 and 2023 are 358 MW. Of this investment, 196 MW will be for hybrid solar power plants and the remaining 162 MW will be for wind capacity increases. We will finance this investment entirely through our internal resources and the cash flows that we will obtain as a result of operations. We aim to increase the installed capacity of our 1.020-megawatt portfolio by 35 percent by the end of 2023. Our investment, which started in our Uşak WPP site and is Turkey's largest hybrid solar power plant, is one of the important steps we have taken in line with this goal. In addition to our hybrid investment projects that we plan in different fields of activity, we also closely monitor capacity increase and new investment opportunities. "