Alternative energy

NASA snaps pics of the world’s largest solar farm from space

With renewable energy on the rise, it makes perfect sense for the title “world’s largest solar plant” to change hands pretty quickly. In 2014 for example, the 550 MW Topaz Solar Farm held the title, to be toppled in November by a 648 MW plant in Kamuthi India. At this point in time, China’s Dam Solar Park has risen above them all with 850 MW of capacity. Sound like a lot?

Turkey to lure $28 billion in renewable energy investments: IFC

Turkey's renewable energy sector will attract nearly $28 billion investments by 2020, according to a new report by the World Bank's IFC arm. 

Some $16.4 billion of these investments will be made in wind power, $7.4 billion in solar energy, $3.4 billion in geothermal energy and $560 million in hydro power, according to data compiled by state-run Anadolu Agency. 

Turkey to expand renewable geothermal energy generation with World Bank support

The World Bank's Board of Directors on Nov. 1 approved an IBRD loan of $250 million and a Clean Technology Fund Grant of $39.8 million for the Geothermal Development Project in Turkey, which will help create renewable energy by tapping heat sources deep in the ground, said the organization in a written statement on Nov. 2. 

Turkish power-generating ships set sail to Ghana and Indonesia

Turkey's Zorlu Energy has signed $815 million in loans with four banks to refinance the existing debts of its Zorlu Do?al Elekrik Üretim and finance its planned geothermal power plant project in Denizli, the company announced in a statement to the Public Disclosure Platform (KAP) on Oct. 27. 

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