Galata Wind Will Continue Investments After The Public Offering

Galata Wind will continue its investments after the public offering. The company aims to double its production portfolio within 3 years.

Speaking at the press conference held with the videocall method before the public offering, Galata Wind CEO Burak Kuyan stated that the company will continue its investments after the public offering. Galata Wind Enerji, a subsidiary of Doğan Holding, stated that it aims to double its production portfolio in three years after the public offering. Galata Wind Energy will offer 30 percent of its capital, including additional sales, at 5.06 lira per share. If all shares, including additional sales, are sold after the demand to be collected on April 15-16, the largest public offering since 2018 will be held with 811.8 million lira. Speaking at the press conference held before the public offering, Galata Wind CEO Burak Kuyan stated that the company aims to increase its wind and solar installed power of approximately 270 megawatts (MW) to 500-550 MW in three years by continuing its investments after the public offering. Noting that he made evaluations about the development or purchase of power plants with foreign currency or foreign exchange-indexed income in order to increase the installed power, Kuyan said, "We will clarify and announce the road map by the end of the year." Stating that the company has reduced its foreign currency debt since 2018 and aims to be a company that pays regular dividends, Kuyan said, "Debt is one of the most important issues of the energy sector. We have a target to distribute at least 5% of the paid up capital as dividends."