8,862.32 TRY BIST 100 BIST 100
4.81 CNY CNY CNY
34.25 USD USD USD
36.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.96 TRY Interest Interest
75.39 USD Fossil Oil Fossil Oil
31.14 USD Silver Silver
4.31 USD Copper Copper
105.24 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,920.89 TRY Gold (gr) Gold (gr)

Kocaer Çelik realised its investments in renewable energy

In the statement made by Kocaer Çelik to KAP, it was reported that the company took over the Geothermal Resources and Natural Mineral Water J-443 licence located in Horsunlu-Ortakçı Village of Kuyucak district of Aydın.

Kocaer Çelik realised its investments in renewable energy

The company, which aims to protect the environment, gain energy independence and increase its competitiveness in the international arena by making its investments on renewable energy resources, made the following statement to KAP

"The transfer of the Geothermal Resources and Natural Mineral Water J-443 licence of Aydem Yenilenebilir Enerji A.Ş., which we announced with our material event disclosure dated 11.05.2023, located in Aydın province, Kuyucak District, Horsunlu-Ortakçı Village, has been transferred to our company. As we have previously communicated, one of the important parts of our corporate strategy is to meet all of our energy self-consumption from renewable energy sources that we produce ourselves, thus gaining energy independence and gaining an advantage in international competition, as well as contributing to the future of society in environmental, social and governance issues. In order to strengthen our position as a pioneer in green production in the iron and steel industry, we aim to diversify our clean energy production sources with geothermal energy production, following our rooftop solar power plants (SPP). We aim to increase our electricity production, which is 15 million kWh per year with our existing SPPs, to a total of 60 million kWh with an estimated 45 million kWh production to be added after the completion of our Horsunlu Geo Thermal power plant first phase investments and to reach a level to provide all of our consumption from our own power plants. Following the additional investments to be made in addition to the two production wells in the Horsunlu Geothermal Resources and Natural Mineral Water licence area, we aim to significantly increase our electricity generation capacity and reach a strong portfolio diversified in terms of renewable resources in the energy sector, which we have chosen as a strategic growth area."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The potential impact of Trump's return to the presidency on the global steel market

Wednesday, November 6, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024

Strike at U.S. East Coast ports affects the economy: Steel industry also at risk

Wednesday, October 2, 2024

US launches AD investigation against corrosion-resistant steel products imported from 10 countries, including Türkiye

Monday, September 9, 2024

Tata Steel Nederland orders pellet test installation from Primetals

Wednesday, August 28, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now