Authorization to Barclays for the Sale of Polat Energy

Authorization to Barclays for the Sale of Polat Energy

Turkey's largest wind energy producer Polat partners for the sale of the entire Energy has authorized Barclays. According to the information received, all three partners want to transfer their shares in the company. It is said that a local company is interested in the purchase of Polat Energy shares. 90 PERCENT FRENCH AND CANADIAN COMPANY Canadian pension fund investment manager PSP Investments has a 45 percent share, Polat Energy has a 45 percent share of French EDF Energies Nouvelles and Batıyel Energy Electric has a 10 percent share of Adnan Polat. The French company became a partner of Polat Energy in 2008 and the Canadian company in 2014. According to TEAİŞ data, the company has 6.7 percent of the country's approximately 7,500 MW wind installed power. "A local company is interested in the asset," said a source close to the topic, stating that a potential buyer is conducting advanced negotiations during the sales process. "We expect it to be a substantial sales transaction," he added. Polat Holding did not answer the questions of EDF and Barclays Reuters. PSP Investments said it would not answer questions. HAVE A WIND AND SOLAR INVESTMENT Polat Energy, which was established in 2000 to produce energy from renewable sources, transferred some of the power plants it cooperated with Demirer Energy in January, according to the records in the Trade Registry Gazette, while others took over Demirer's shares. The company currently has 509 MW installed power and 28 MW installed solar power plants in four wind power plants. Investments in wind and other renewable energy sources are supported under the law enacted in 2005. In this context, the public undertakes to purchase electricity that wind and other power plants cannot sell in the market for 10 years at fixed prices in dollars. Wind power plants, which are operational by the end of this year, will be able to benefit from the purchase guarantee at a fixed price. Total installed capacity of 511 MW wind farm Polat Energy's 240 MW power with Turkey's largest wind farm (RES) RES electricity outside the Soma plant with 271 MW wind farm has three. Turkey Wind Energy Association (TÜREB), according to data released in July last year the company also has permission to build a 573 MW power plant.