Securitization Of Financing For Wind Turbines In Turkey

By Onur Ulusakarya
ADMD Law Office, Istanbul TURKEY

Overview

As demand for energy increases in Turkey, investments in this sector is boosting with the help of the government. Incentives focus on renewable energy resources for obvious efficiency and environmental considerations and specifically wind energy investments had been very popular due to vast resources of Turkish geography. Therefore the government is trying to optimize financing conditions to attract more investment in the field.

Although such target of the government is quite clear, the legal complexities are still experienced in the market since creditors are seeking better and less costly ways to secure their loans provided to energy investors in Turkey. The most commonly experienced financing model for wind energy investments is the financing of the wind turbines themselves of which securitization may be more complex then it