Turkcell to acquire 18 MW wind farm in Turkey

Turkcell Enerji has signed a share transfer agreement to purchase all the shares of Boyut Grup Enerji, the owner of the Karadag wind power facility near Izmir. The enterprise value of the deal is $29.6 million. After adjusting for Boyut Grup Enerji’s net debt, the buyer will pay $11.5 million, of which $500,000 is due in two years. The yearly gross income of the Karadag wind power plant is expected to be around $5 million between 2021 and 2026. The power plant, which has a total installed capacity of 18 MW, began operations in 2016 and has a licence that expires in 2057.

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