BIST10013.501,55▼ -1.36%Ironwood Surge: Zcash Draws $80M ZEC into New PoolUSD/TRY47.6442▲ 0.20%Fauci’s Diary: How China-US Rare Earth War Echoes in Chip SectorEUR/TRY54.5105▲ 0.30%MoonPay's Crypto Wallet Integration in Claude and ChatGPT: User Experience and Market ImplicationsBTC/USD$64,006.41▲ 0.13%Ethereum's Leadership Shift: pcaversaccio Joins Board and Anvil's InitiativeGOLD6.244,72▲ 0.15%US Borrowing Costs Hit 19-Year High: Fed's Decision's Impact on Global Supply ChainsBRENT$90.40▼ -0.37%Ahbap Investigation: Hüseyin Başaran's Custody Statement Reveals 2.3 Billion TL Property Sales Flock Cameras Under Fire as Privacy Concerns Hit Capitol HillBIST10013.501,55▼ -1.36%Ironwood Surge: Zcash Draws $80M ZEC into New PoolUSD/TRY47.6442▲ 0.20%Fauci’s Diary: How China-US Rare Earth War Echoes in Chip SectorEUR/TRY54.5105▲ 0.30%MoonPay's Crypto Wallet Integration in Claude and ChatGPT: User Experience and Market ImplicationsBTC/USD$64,006.41▲ 0.13%Ethereum's Leadership Shift: pcaversaccio Joins Board and Anvil's InitiativeGOLD6.244,72▲ 0.15%US Borrowing Costs Hit 19-Year High: Fed's Decision's Impact on Global Supply ChainsBRENT$90.40▼ -0.37%Ahbap Investigation: Hüseyin Başaran's Custody Statement Reveals 2.3 Billion TL Property Sales Flock Cameras Under Fire as Privacy Concerns Hit Capitol Hill

Economic IndicatorsJuly 30, 2026 at 02:07 AM

Metgün Energy Aims to Boost Turkey's Power Capacity to 1000 Megawatts

724FinanceFatih Kılıç

Metgün Energy Aims to Boost Turkey's Power Capacity to 1000 Megawatts

Headquartered in Ankara, Metgün Energy has reached a total installed capacity of 274.44 megawatts through wind, solar, and hydroelectric plants since 2018. The company plans to increase this capacity to 1000 megawatts by 2030. CEO Uğur Işık announced that the 2.7 billion lira raised through a public offering will be allocated 80-90% to renewable energy investments. Işık highlighted that 70% of the company's installed capacity is covered under the YEKDEM mechanism, allowing them to sell 70% of the generated energy at fixed prices, ensuring predictable revenue. The company aims to mitigate seasonal fluctuations through storage and hybrid projects while contributing to Turkey's domestic energy security. This expansion will mark a significant step toward Turkey's energy supply reliability.