Home > Success stories >
PRODUCT: BUYER CREDIT FACILITY
Powering Turkey’s largest solar facility
With the Buyer Credit Facility, Kalyon Enerji secures the largest solar facility in Turkey
A pledge for energy
We provided a £217 million Buyer Credit Facility guarantee for Kalyon Enerji’s 1.35GW Karapinar solar project, helping support over 100 British jobs as the integration of the solar technology and the assembly of the solar power station will occur in the UK.
GE Energy Financial Services supported UKEF to agree the deal, which marks the first time GE has deployed its FLEXINVERTER solar technology outside the US, supporting Turkey’s clean energy goals and facilitating trade for UK suppliers.
Equivalent to over 4,600 football pitches in size, the facility will deliver clean electricity to approximately two million Turkish households when completed.
Our relationship with UKEF enables us to offer GE customers access to diversified and competitive financing for GE projects that deliver sustainable, reliable, and affordable energy.
Buyer credit for infrastructure projects
We provide a guarantee on a loan to the overseas buyer through the lending bank, allowing the buyer to procure goods and services from the UK.