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Renewable Energy

Nordex expands Türkiye footprint with 110 MW wind turbine contract from Eksim Enerji

Nordex Group has secured a 110 MW turbine supply and service agreement with Eksim Enerji for the Balıkesir-3 wind project in western Türkiye. The deal strengthens Nordex’s position in the Turkish renewable energy market while supporting local manufacturing requirements and long-term clean energy capacity expansion.

Turkey | 2 days ago

Logistics

ADB signs $40 million loan with Arkas Holding for Turkish maritime logistics

The Asian Development Bank has signed a $40 million loan with Arkas Holding to modernise Türkiye's maritime fleet and expand port infrastructure. The investment, ADB's first private sector infrastructure transaction in Türkiye, aims to boost trade along Black Sea and Mediterranean corridors, enhance efficiency, and reduce emissions.

2 weeks ago • Turkey

Agriculture & Farming

EFSE and KGF launch sustainable agriculture guarantee program for Turkish farmers

The European Fund for Southeast Europe has launched a cooperation with Turkey's Credit Guarantee Fund to develop a sustainable agriculture guarantee program. EFSE will also provide approximately EUR 100 million in financing to partner financial institutions, addressing collateral constraints while encouraging climate-smart and resource-efficient agricultural investments.

1 month ago • Turkey

Renewable Energy

ENERCON to supply 20 E-175 EP5 E2 turbines for 140 MW Turkish wind project

ENERCON has signed a supply contract with RT Enerji for 20 E-175 EP5 E2 wind turbines for the Aydin–Denizli Wind Farm in western Türkiye. The 140 MW project, part of the YEKA 5 tender, marks the market entry of ENERCON's top-model 7.0 MW turbine in Türkiye, with construction scheduled to begin in April 2027.

1 month ago • Turkey

Railways & Metro

World Bank leads $6.75 billion multilateral financing for Istanbul rail crossing project

The World Bank has approved a $2 billion loan for the Istanbul North Rail Crossing Project, a 127-kilometre electrified railway that will increase freight capacity across the Bosphorus from 3 million to 50 million tons annually. Six multilateral development banks are coordinating $6.75 billion in financing for the $8.3 billion project.

2 months ago • Turkey

Engineering & EPC

Subsea7 expands Black Sea footprint with large EPCI contract for Türkiye's Goktepe gas field

Subsea7 has secured a significant contract extension from TP-OTC to link the Goktepe field to the Sakarya gas development's third phase. The agreement involves Deepwater subsea infrastructure installation in the Black Sea, targeting increased domestic gas production for Türkiye with offshore operations scheduled to commence between 2027 and 2028.

3 months ago • Turkey

Islamic Finance

TPAO secures $1 billion in debut sukuk issuance to anchor $4 billion Islamic finance program

Türkiye’s state-owned energy entity, TPAO, has successfully launched its inaugural $1 billion lease certificate issuance under a new $4 billion trust program. The Shariah-compliant offering was significantly oversubscribed, marking a milestone for Turkish public enterprises seeking diversified international capital to fund long-term energy infrastructure.

3 months ago • Turkey

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.