IFC Given Mandate by Akuo Energy to Finance 77.5-MW Turkish Wind Farm

French renewable energy developer Akuo Energy has signed an agreement giving the International Finance Corp. the mandate to finance the 77.5-megawatt Baglar RES wind farm near Konya, Turkey.

The mandate allows the IFC to lead and arrange a syndicate of other multilateral agencies or commercial banks to provide up to US$100 million project finance debt. The wind farm will comprise 24 sets of GE wind turbines.

Akuo Energy has a pipeline of 225MW of wind projects in Turkey with a target of350MW of installed capacity.

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