GE and UKEF to develop Turkey’s largest solar project

By John Engel GE and UK’s export credit agency, UK Export Finance (UKEF), have agreed to finance Kalyon Enerji’s 1.35GW Karapinar solar project located in the Konya Karapinar province, Turkey.

The Karapinar Solar Power Plant, part of Turkish renewables investor Kalyon Enerji’s solar portfolio, is approximately 11km long and 3km wide, equivalent to over 4,600 football pitches. It will prevent 1.5 million tons of carbon emissions annually and ultimately serve the needs of 2 million people.

As part of the agreement, UKEF will guarantee a $291 million Buyer Credit Facility, subject to financial close, and GE will deploy its solar technology, as well as ensure

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