Tosyalı Secures 187 Million Euro International Financing for GES Investment

With an annual crude steel production capacity of 15 million tons, Tosyalı continues its sustainability and energy transition strategy by securing a 187 million Euro buyer credit agreement with BBVA and Spain's Export Credit Agency Cesce, backed by collateral, for the first phase of its 1.2 gigawatt solar power plant (GES) investment. The financing will be used for the implementation of the Osmaniye and Niğde projects, totaling 261 megawatts of installed capacity.

Strategic Impact of Solar Energy Initiative

■Tosyalı is implementing one of the world's largest self-consumption renewable energy projects.

■The new investment follows the company's previous 235-megawatt rooftop GES facility.

■The total 1.4 gigawatt capacity supports low-carbon production goals.

GE Vernova and Inogen Partnership

■GE Vernova coordinates financing through its Financial Services division, supporting approximately 3.5 gigawatts of solar capacity in Turkey.

■Inogen EPC serves as the engineering, procurement, and construction contractor, playing a key role in the projects.

■This transaction marks GE Vernova's first Cesce-backed financing for a renewable energy project in Turkey.

International Financing Confidence

■The agreement with BBVA reinforces international lenders' trust in Tosyalı's green steel vision.

■The company highlights its strong position in global financial markets and ability to secure funding for sustainable investments.

Zeynep Kaya Note: This financing represents a critical step toward energy independence and carbon reduction strategies. Tosyalı's 1.4-gigawatt GES investment is particularly significant for industrial producers aiming to control energy costs. BBVA and Cesce's support enhances international capital flow into Turkey's renewable energy projects, reflecting broader trends in green transition while bolstering financial stability for large-scale manufacturers.