Power Plants

Partnership Structure

Egenda A.Ş.

%100

As a part of EGENDA’s legal entity, Germiyan WPP operates in scope of a “Production License”. Germiyan has the smallest installed capacity among 4 wind power plants owned by Egenda. The turbines are located at Güzelyertepe - Hırsıztepe - Germiyan Yalısı Reisdereköyü, Çeşme District, Izmir Province. The facility has an installed capacity of 10.8 MWe and was granted a 49-year production license by EMRA on 26 May 2008.

Although the production license was acquired in 2008, investment did not commence for a long time because TETCO lacked the transmission infrastructure that would link the plant to the national grid and the funds needed for the investments. As a result, a special model was developed between TETCO and wind power investors in the Çeşme Peninsula to generate the financing. Transmission line investments were completed in 2013.

After transmission infrastructure problems were resolved, financer and supplier company selections commenced in 2013 and were concluded in 2015. Construction work started in December 2015 and the plant entered commercial operation on 6 May 2016.

For a 10-year period valid from 2017, power produced at Germiyan WPP will be sold in scope of the RESM scheme at a rate of 85.8 USD/MWh in the first five years and 73 USD / MWh in the second five years.