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Abu Dhabi partner bought 50 percent of Kalyon Energy

Kalyon Holding sat at the same table with International Energy Holding (IEH), a subsidiary of International Holding Company (IHC).

Abu Dhabi partner bought 50 percent of Kalyon Energy

Kalyon Holding sat at the same table with International Energy Holding (IEH), a subsidiary of International Holding Company (IHC). 50 percent of Kalyon Energy, which carries out the renewable energy generation activities of the holding, was sold to Abu Dhabi IHC for 1.8 billion dirhams, or approximately 490 million dollars.

Kalyon Holding plans to expand the projects of Kalyon Energy with its sales revenue, and also to increase the production capacity of Kalyon PV from 1000 MW to 2000 MW.

Making a statement on the subject, Kalyon Holding Chairman of the Board, Cemal Kalyoncu, emphasized that the agreement was of great importance on a regional scale.

Cemal Kalyoncu said, “The steps we have taken in the energy sector and the investments we have made have attracted the attention of foreign investors until today. At the end of the meeting and mutual evaluation with IEH, we agreed to transfer 50 percent of Kalyon Enerji shares. This togetherness will be one of the most important milestones for Kalyon Holding to become a global brand. With this historical signature, which is an indicator of the trust in our institution and our country, we aim to deepen in strategic areas such as construction, energy and aviation, and to enter new areas such as food; We will continue to proudly wave the flag of our holding and Turkey in different geographies, and contribute to the economy, growth and employment by investing more in our country. As climate change is the defining challenge of our age,

TARGET 2000 MW

Expressing that the agreement will be a great source of foreign currency for Turkey, Cemal Kalyoncu also stated that Kalyon PV will be used in new solar and wind energy generation investments with the increase of its current production capacity from 1000 MW to 2000 MW.

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