Energy in Turkey

Çakmak Attorney Partnership

Çakmak Attorney Partnership handles the full service of work in the energy field, with expertise in financing, corporate matters and administrative litigation relating to thermal, electric and wind power plants and combined-cycle gas turbine projects. Mesut Çakmak and Zeynep Çakmak head the practice. Other names to note are Cem Çağatay Orak and Mustafa Durakoğlu. Recent highlights include advising Landesbank Baden-Württemberg and KfW on financing the second phase of the Karaburun wind power plant.

Practice head(s):

Mesut Çakmak; Zeynep Çakmak

Key clients

Landesbank Baden – Württemberg and KFW IPEX – Bank

Fina Enerji

Akenerji

Ceska Exportni Bank

Rönesans and Sonatrach

ERG İnşaat

Global Yatırım A.Ş.

Gazprom Schweiz AG (Gazprom)

Work highlights

  • Advised Fina Enerji on the 700MW Kınık Thermal Power Project and the adjacent coal mine, particularly with regard to mining, power, project finance and potential partnerships.
  • Assisted Akenerji with the development and financing of a greenfield power project, the 900MW Egemer combined-cycle gas turbine project, and represented it in a dispute with the National Power Grid Company over a transmission line.
  • Advised Ceska Exportni Banka (Czech Export Bank) on the construction of a coal-fired thermal power plant in Turkey.

Balcioglu Selçuk Ardiyok Keki

Balcıoğlu Selçuk Ardıyok Keki handles regulatory compliance and investigations, project finance, energy disputes, renewables, transactions, and contracts and agreements. Greenfield development expert Barlas Balcioğlu heads the team with support from litigator Özgür Akman; M&A and public tender contract specialist Selim Keki; and Şahin Ardıyok, who focuses on infrastructure and competition law. Counsel Ceren Su is also noted. Clients include Statkraft Enerji, İpragaz and Petrol Ofisi.

Practice head(s):

Barlas Balcıoğlu

Testimonials

‘Fast, co-operative and produce quality work.’

‘Practical solutions and energetic approach.’

Key clients

Petrol Ofisi

Bainbridge Holding A.Ş.

Crescent Capital Advisory Ltd

EnerjiSA

İpragaz A.Ş.

Statkraft Enerji A.Ş.

Yapı ve Kredi Bankası A.Ş.

Work highlights

  • Advised Statkraft Enerji on its entrance into the Turkish market, including assisting with structural acquisition strategies.

Boden Law

Boutique energy firm Boden Law advises on project finance, energy disputes and M&A and energy trade transactions, including tolling agreements and commodity trade. Değer Boden jointly heads the team with senior associate Ayşegül Önol, who has experience in regulatory work. Highlights included assisting Axpo Turkey with the restructuring of its energy trade activities, and reviewing general agreements for the European Federation of Energy Traders.

Practice head(s):

Değer Boden; Ayşegül Önol

Testimonials

‘Guarantees a high degree of diligence.’

Key clients

European Federation of Energy Traders

Tosyalı Holding

Tosyalı Toyo

Axpo Trading AG and Axpo Turkey Enerji A.Ş

Talesun Solar Switzerland AG

Gildemeister Energy Solutions

Nordeka Maden A.Ş.

Gunvor

Naturelgaz Sanayi ve Ticaret Anonim Şirketi

EWE Turkey Holding A.Ş.

Engie Turkey

Entek Elektrik Üretimi A.Ş.

Work highlights

  • Assisted Smartpulse Teknoloji with structuring an operation agreement for a robotic power plant.
  • Advised Gildemeister on its solar power plant projects in Turkey, where the company is acting as EPC contractor.
  • Advised APlus Enerji on the sale and transfer of its shares in an energy services software technology company.

Goksu Safi Isik Attorney Partnership

Goksu Safi Isik Attorney Partnership handles project finance, acquisitions, EPC contracts and regulatory work in areas across the sector, including nuclear, solar, wind and thermal power. Ali Göksu, Cigdem Bal Ilgin and Mutlu Ozturk Yurdakul are the names to note. The team advised Sonatrach, an Algerian gas company, on a project for the production of polypropylene in a deal worth $1bn. Other clients include Cengiz Energy and Euroasia Gas.

Key clients

Uludag Elektrik

Akfel Group

YEKA RES

Botas International

AMTC

Enerco

Eksim Holding

Cengiz Enerji

Sontrach

Çayırhan Electricity Plant

Euroasia Gas

Work highlights

  • Assisted Sonatrach, an Algerian gas company, with a project in Turkey relating to the dehydrogenation of propane and the production of polypropylene.
  • Advised Automotive Machinery Trading Centre on its acquisition of 16 solar power plants in Turkey from Arya Enerji.
  • Acted for Cengiz Enerji Anonim Şirketi on its trading of natural gas and natural gas products, and on obtaining permits and licences from the Turkish Energy Market Regulation Authority.

Bezen & Partners

The ‘professional, responsive and receptive’ team at Bezen & Partners handles regulatory and projects work in the nuclear power and oil and gas sectors, with particular strength in privatisation procedures and cross-border matters. Yeşim Bezen, Aykut Bakırcı and Banu Bölükemini jointly head the practice. Recent highlights include advising the Akkuyu nuclear power plant on permits and licensing.

Testimonials

Professional, responsive and receptive.’

Key clients

Akkuyu Nükleer A.Ş.

Public Power Corporation S.A.

PNE AG / PNE Wind Yenilenebilir Enerjiler Ltd. Şti

First Solar

STEAG

DNV GL Energy Advisory GmbH

SUEZ

Work highlights

  • Acted as Turkish counsel on the Akkuyu Nuclear Power Plant project, the first power plant to be built in Turkey, on issues including regulatory requirements and licensing.
  • Advised Mitsui O.S.K. Lines, a Japanese energy and shipping conglomerate, on its partnership with Botaş, a state natural gas company, for a floating liquefied natural gas facility.

Cigdemtekin Cakirca Aranci Law Firm

Cigdemtekin Cakirca Aranci Law Firm acts for energy companies on M&A transactions, project development, financing, commodities trading, licensing and litigation. The firm has a growing client base in the renewables sector. Ayca Aranci and Gamze Cigdemtekin lead the practice, which also includes Tuna Çakırca. In a recent highlight, the team advised PT Alpha Wind Energi on potential renewable energy projects in Indonesia and Vietnam.

Key clients

Egeres Enerji Dan. Müh. Hiz. A.Ş.

Bıçakçılar Çandarlı Elektrik Üretim A.Ş.

Age Enerji Group

SOCAR (State Oil Company of Azerbaijan) Turkey Petrol Enerji Dağıtım San. ve Tic. A.Ş.

Egeres Investment Pte. Ltd.

Solar Group

Astroenergy Turkey

Sona A.Ş.

Age Elektrik Enerjisi Toptan Satış A.Ş.

Pt Alpha Wind Energi

Work highlights

  • Advised Egeres Energy group on matters including the development of solar and wind energy projects; drafting an environmental impact and challenging a report; regulatory matters; obtaining licences; and M&A contracts.
  • Acted for Bıçakçılar Enerji on the development of its wind power project.
  • Advised PT Alpha Wind Energi, an Indonesian affiliate of Egeres, on potential renewable energy projects in Indonesia and Vietnam.

Esin Attorney Partnership, Member of Baker & McKenzie International

Esin Attorney Partnership, Member of Baker & McKenzie International advises on regulatory issues, M&A, and financing in the oil, gas and renewables sectors. Banking and finance expert Muhsin Keskin and M&A specialist Duygu Turgut lead the team. Recent highlights include acting as lead counsel on the sale of a 55% stake in Socar LNG for Socar Dağıtım A.Ş., an affiliate of the Azeri state-owned oil company Socar. Shanghai Electric and Siemens AG are other clients.

Practice head(s):

Muhsin Keskin; Duygu Turgut

Key clients

SOCAR Turkey Petrol Enerji Dağıtım Sanayi ve Ticaret A.Ş.

SOCAR Turkey Enerji A.Ş.

ICA IC İÇTAŞ ASTALDI

Power Construction Corporation of China Ltd.

Zorlu Enerji Elektrik Üretim A.Ş

J-Power

Shanghai Electric Corporation

Sumitomo Corporation

Landesbank Baden-Württemberg

Kastamonu Entegre Ağaç San.Tic. A.Ş.

Work highlights

  • Acted for Socar Dagıtım, an oil company, on its sale of a majority stake in a liquid natural gas company to Reysas Holding.
  • Advised Shanghai Electric Corporation on its entry into the Turkish energy market.
  • Assisted Siemens AG and Steag Beteiligungsgesellschaft mbH with a competition filing regarding a joint venture regarding the construction and operation of a combined-cycle power plant.

GKC Partners (in professional association with White & Case)

GKC Partners (in professional association with White & Case) specialises in financing and M&A, on matters including contractual work, due diligence, reorganisations and regulatory advice to investors. Güniz Gokce and Ateş Turnaoğlu lead the team, which recently advised the European Bank for Reconstruction and Development and Türkiye Iş Bankası A.Ş. on the financing of solar power plants. Other clients included the International Finance Corporation and ICBC Turkey Bank.

Practice head(s):

Güniz Gökçe; Ateş Turnaoğlu

Testimonials

‘Ateş Turnaoğlu is one of the most experienced and innovative energy & projects lawyers in our market.’

‘GKC consistently provides high quality and reliable service.’

‘Highly experienced project teams backed with subject-matter experts, responsive and client-centric management and ability to design tailor-made project finance structure.’

Key clients

European Bank for Reconstruction and Development (EBRD)

International Finance Corporation (IFC)

Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO)

Türkiye İş Bankası A.Ş.

Hanwha Q Cells

T.C. Ziraat Bankası

Enerji Fonu

Vakıfbank T.A.O

Türkiye Halk Bankası A.Ş.

ICBC Turkey Bank A.Ş.

Türkiye Garantı Bankası A.Ş.

Work highlights

  • Acted for the European Bank of Reconstruction and Development Türkiye Iş Bankası A.Ş. on the financing of the 85MW licensed and unlicensed solar power plants of Akfen Yenilenebilir Enerji A.Ş.
  • Advised Hanwha Q-Cells on its operation of a 100 MW unlicensed solar portfolio and the sale of its subsidiaries.
  • Acted for Vakıfbank, Halkbank and ICBC Turkey as the lenders on a syndicated project financing for three hydroelectric power plants.

Hergüner Bilgen Özeke

Hergüner Bilgen Özeke advises on financing, M&A, greenfield development and cross-border transactions. It handles work in the oil and gas, nuclear, mining, natural gas and electricity sectors. Clients include the Baku-Tbilisi-Ceyhan Pipeline Company and South Stream Transport. Recent highlights include assisting Sunfarming with the financing of a solar plan project. Ümit Hergüner and Deniz Tuncel are the practice heads.

Practice head(s):

Ümit Hergüner; Deniz Tuncel

Key clients

Baku-Tbilisi-Ceyhan (BTC) Pipeline Company

South Stream Transport B.V.

SUNFARMING Eurasia Enerji Üretim A.Ş.

Mobil Oil Türk A.Ş. (“MOTAŞ”)

Work highlights

  • Advised South Stream Transport B.V., a Gazprom-owned company, on matters relating to the Turk Stream natural gas pipeline.
  • Represented Motaş, the Turkish division of ExxonMobil, in lawsuits relating to a lease agreement and to land expropriation.
  • Advised Sunfarming Eurasia Enerji Üretim A.Ş. on the financing of solar energy projects in Turkey.

Kolcuoglu Demirkan Koçakli

Kolcuoglu Demirkan Koçakli advises on natural gas and oil import issues, wholesale and storage matters, the electricity market, greenfield investments and privatisation in the renewable, nuclear, gas and oil sectors. Okan Demirkan heads the practice. In a recent highlight, the team advised Mitsubishi Heavy Industries on the construction of a 4,480MW nuclear power plant to be constructed in Turkey.

Practice head(s):

Okan Demirkan

Key clients

Vitol

Mitsubishi Heavy Industries

Turcas Petrol

IHI Corporation

TPI Kompozit

Alsim Alarko

Work highlights

  • Advised Mitsubishi Industries on a nuclear power plant to be constructed in Turkey.
  • Assisted ET Solutions with prospective disputes arising from EPC contracts and procurement agreements with its employers and subcontractors in relation to solar power plants that it implemented in three different Turkish cities.
  • Advised Hun Holding on the sale of its two subsidiaries, which operate in solar energy production, to a venture capital firm.

Paksoy

Paksoy’s energy and natural resources practice has a core focus on oil and gas, electricity, and mining and minerals. The group handles M&A, construction and supply contracts, project finance, operation and maintenance agreements and regulatory issues, among others. Zeynel Tunç, who is recommended for his ‘negotiation skills’, heads the team. Clients include Rosatom, Enerjisa and Akfen.

Practice head(s):

Zeynel Tunç

Key clients

Rosatom

Bilgin Enerji

Enerjisa

Eesti Energia

Enerco

Rosatom

Akfen

Energo-pro

EBRD

Polat Enerji

Zorlu Group

Work highlights

  • Advised Rosatom on an EPC contract related to the Akkuyu nuclear power plant.
  • Assisted Yapısan Elektrik Üretim Anonim Şirketi with the acquisition of OMV Gas & Power GmbH.
  • Advised Akfen on regulatory matters connected to four wind farms.

Pelister Atayilmaz Enkur Law Office

Pelister Atayilmaz Enkur Law Office has a particular focus on renewable energy projects, including solar, biogas and geothermal. The practice handles restructuring and outbound investment. Emre Keki, Gökhan Enkür and Kerim Pelister are the key contacts. Clients include Shell, Al Enerji and Enerjisa.

Key clients

Shell

Alpiq Group

Kummler Matter

Al Enerji

Toros Agri

Tekfen Holding

Axpo Holding

Vitus Commodities

Work highlights

  • Ongoing advice to Shell Turkey.
  • Advised Alpiq Turkey on its operations in the Turkish electricity market.
  • Assisted Al Enerji with its acquisition of a Spanish brownfield solar energy project.

Yazici Attorney Partnership

Yazici Attorney Partnership specialises in the energy sector and handles matters including production sharing, rehabilitation, joint operating, farm-in/farm-out, tax royalty and buy-back agreements and service agreements. Other areas of focus include energy-related construction and supply and installation contracts. Murat Yazici, Nihal Berker Atlı and Bilge Müftüoğlu jointly lead the team. Recent highlights include advising the Ghazanfar Group on an oil and gas exploration project in Afghanistan.

Testimonials

‘Well-established team with in-depth knowledge and experience.’

‘They are able to explain any legal situation to people like myself without a legal background.’

Key clients

Marsa (Marsa Turkey B.V.)

Taq Taq Operating Company Limited (TTOPCO)

Entrepose Contracting

Ghazanfar Group

AGE Enerji Üretim A.Ş.

HDM Dis Ticaret A.Ş.

Rowan Companies

Türkerler İnşaat Turizm Madencilik Enerji Üretim  A.Ş.

Work highlights

  • Advised Entrepose on negotiating an EPC contract for a natural gas storage facility.
  • Assisted Marsa Turkey with a natural gas sale purchase agreement.
  • Advised Rowan on a contract for a two-well contract in the Mediterranean Sea awarded by Turkish Petroleum Corporation.

Deliveli Alp Law & Consultancy

Deliveli Alp Law & Consultancy handles regulatory issues, project structuring, EPC contracts and project financing. Işıl Yılmaz heads the team, which also includes Lale Deliveli Alp. Clients include Borusan EnBW Enerji and Ceiba Enerji Yatırım Anonim Şirketi.

Practice head(s):

Işıl Yılmaz

Key clients

Borusan ENBW Enerji

Ceiba Enerji Yatırım Anonim Şirketi

Work highlights

  • Advised Borusan EnBW Enerji on agreements with GE Wind Energy GmbH and General Elektrik Ticaret over the construction of Saros wind farm.
  • Assisted Ceiba Enerji Yatırım Anonim Şirketi with design, engineering and procurement contracts related to several solar power projects totalling 50MW.

Erdem & Erdem Law Office

Erdem & Erdem Law Office advises on natural gas-, coal-, and oil-fired power plants, co-generation facilities, hydroelectric projects, and wind, solar and other renewable energy projects. Areas of expertise include negotiating and drafting EPCs, privatisation, renewables, PPPs and project financing. Ercüment Erdem and Özgür Kocabaşoğlu are the practice heads.

Key clients

Yıldırım Enerji Holding A.Ş.

Yıldırım Holding

Yılport Holding

Türkiye Şişe ve Cam Fabrikaları A.Ş. (Şişecam)

Trakya Cam

Aktor Arbiogaz JV

Work highlights

  • Advised Yıldırım Enerji on the construction of power plants in Turkey.

Kesikli Law Firm

Kesikli Law Firm advises on issues surrounding the natural gas market, the electricity market, coal and other mineral extractions and licenses, feed-in tariffs, power plant projects and renewables. Omer Kesikli leads the team. Gul Nevra Aydin and Rustu Mert Kaska are also recommended. In a recent highlight, the practice assisted Aggreko Energy with regulatory issues.

Practice head(s):

Omer Kesikli

Key clients

STEAG Energy Services GmbH

Aggreko Energy

TAS Energy

KS Energy Africa

GKE Energy

Pales Engineering Investments

Gazday Energy

Work highlights

  • Advised Aggreko Energy on regulatory issues concerning its Turkish energy operations.
  • Assisted KS Energy Africa with contracts for a 141MW brownfield gas-fired power plant.
  • Advised Pales Engineering Investments on the development of biogas power plant projects.

Moroglu Arseven

The ‘dynamic’ practice at Moroglu Arseven handles transactional and regulatory matters in the energy industry, including license applications, power purchase agreements, asset financing, cross-border energy distribution and stock financing related to energy commodities. Benan Arseven heads the team. Other names to note are Burcu Tuzcu Ersin and C. Hazal Baydar.

Practice head(s):

Benan Arseven