Gulf Newsbreak
    What's Hot

    Maximizing your diet with prunes and plums

    November 28, 2023

    Photonis Aids in TerraPower’s Mission of Low-Cost and Carbon-Free Energy Solutions With Key Components of Operation

    November 27, 2023

    Ranbir Kapoor’s Animal set to roar at the box office with record advance bookings

    November 27, 2023
    • Home
    • Contact Us
    Facebook X (Twitter) Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    Business

    With an AED1.8 billion deal, IHC buys 50 percent of Turkish Kalyon Enerji

    August 11, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram

    Through its subsidiary International Energy Holding, International Holding Company (IHC) has acquired a 50% stake in Turkish clean energy market leader Kalyon Enerji for AED1.8 billion. The Turkish company Kalyon Enerji is owned by Kalyon Holding, which operates in the construction, energy, and aviation sectors. As part of this transaction, IHC’s subsidiary, International Energy Holding, will own 50% of Kalyon Enerji, adding to IHC Group’s international growth prospects.

    With an AED1.8 billion deal, IHC buys 50 percent of Turkish Kalyon Enerji
    Photo for illustrative purposes only

    The AED1.8 billion deal included the photovoltaic power plant project with an installed capacity of 1,347.734 MWp / 1,000 MWe in the Karapinar Region in Konya, located in Ankara, the wind Project of 1GW capacity developed by YEKA, 100 MW Solar Project in Niğde, 50 MW Solar Project in Gaziantep, and other renewable projects in various cities of Turkey. The Kalyon Karapnar Solar Power Plant is located in the Karapnar district of Konya on approximately 20 million square meters. Installing and commissioning 3.5 million panels started in August 2020 and is expected to finish in 2023. Within just one hour, the equivalent energy needed by a city with a population of 50,000 will be generated.

    Approximately 2 million people will be able to get their electricity from this facility alone. Additionally, 2 million tons of fossil waste and carbon emissions will be avoided. A total of AED7.3 billion has been invested in the green energy sector by IHC as part of its long-term investment strategy in the sector and four months after the company invested in the Indian conglomerate Adani Group, which owns green energy firms.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Gold nears $2,000 as Fed rate hike pause boosts appeal

    November 22, 2023

    SMBC Aviation Capital’s bold $3.4 billion investment in Airbus A320neo fleet

    November 21, 2023

    Bayer faces hefty $1.56 billion fine in Roundup cancer lawsuit

    November 20, 2023

    Alibaba’s cloud business U-turn triggers $20 billion market fallout

    November 18, 2023

    KKR to absorb Telecom Italia’s debt in €18.8 billion acquisition

    November 7, 2023

    Japan rolls out $113 billion economic plan amid rising inflation.

    November 3, 2023
    Latest News

    Maximizing your diet with prunes and plums

    November 28, 2023

    Prunes, the dried form of specific plum varieties, are a powerhouse of nutrients. Revered for…

    Ranbir Kapoor’s Animal set to roar at the box office with record advance bookings

    November 27, 2023

    Weekend workouts equally effective as daily routines, new study finds

    November 27, 2023

    Antarctica’s melting ice highlights urgency of climate action, says UN Secretary-General

    November 27, 2023

    Physical activity mitigates cognitive deficits caused by lack of sleep

    November 27, 2023
    Business

    Gold nears $2,000 as Fed rate hike pause boosts appeal

    November 22, 2023

    SMBC Aviation Capital’s bold $3.4 billion investment in Airbus A320neo fleet

    November 21, 2023

    Bayer faces hefty $1.56 billion fine in Roundup cancer lawsuit

    November 20, 2023
    News

    Antarctica’s melting ice highlights urgency of climate action, says UN Secretary-General

    November 27, 2023

    Holiday shopping alert for recognizing and avoiding online scams

    November 21, 2023

    Unprecedented fires ravage Brazil’s Pantanal, wildlife at risk

    November 20, 2023
    Travel

    Finland blazes a trail with the world’s first digital passport system

    October 3, 2023

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    Air Canada faces backlash as passengers evicted for refusing vomit-soaked seating

    September 7, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.