Fiba Agenda

Fiba Renewables Strengthens Its Hybrid Power Plant Portfolio

Fiba Renewables, one of Türkiye's leading companies in the renewable energy sector, has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) to finance hybrid energy projects. Operating with fourteen wind and five solar power plants, the company continues to contribute to Türkiye’s green transformation by expanding its capacity.


Through the financing provided by the EBRD, Fiba Renewables will transform its existing Günaydın and Uluborlu Wind Power Plants, commissioned in 2012 and 2016, into hybrid facilities by integrating solar panels. This transformation will increase total capacity by 75 MW, enabling approximately 24,000 households to meet their annual energy needs from renewable sources. The project will also prevent 71,000 tons of carbon emissions, significantly reducing environmental pollution.

Vision for Growth and Sustainability

Speaking at the signing ceremony, Fiba Renewables Chairperson Murat Özyeğin emphasized the group’s vision of continuous growth, stating:

“As Fiba Group, renewable energy investments are crucial within our vision of creating value for people, society, and the planet. With Fiba Renewables we are closely monitoring investment opportunities both domestically and internationally. Our goal is to increase our current installed capacity of 581 MW to 737 MW by the first quarter of 2025 through new hybrid investments and to exceed our target of 1,000 MW by mid-2026. We aim to become a regional leader in renewable energy. Hybrid projects are pivotal in achieving this target and are strategically important for the future of renewable energy. This financing agreement with EBRD enhances Türkiye’s green transformation potential and contributes to energy supply security. In this context, we will continue expanding our investments and contributing to Türkiye's sustainable development goals.”

General Manager of Fiba Renewables Koray Kıymaz highlighted the company's mission in environmental, social, and governance (ESG) leadership, saying:

“At Fiba Renewables we adopt an ESG-focused approach in all our projects, standing out in the sector with energy efficiency and technological innovation. We execute all our activities with a sense of societal and environmental responsibility, working to create sustainable values across our supply chain and management models. We believe this collaboration with EBRD will significantly support our efforts to transition towards a green and carbon-free future with environmental and social awareness.”

Net Zero Carbon Target by 2040

In 2024, Fiba Renewables contributed significantly to Türkiye's carbon emission reduction goals by producing a total of 1,563,409 MWh of clean energy. By joining the Science-Based Targets initiative (SBTi), the company has committed to achieving net zero carbon emissions by 2040. As part of this commitment, it supports energy supply security and bolsters the local economy through hybrid power plant projects. Fiba Renewables remains dedicated to this future-oriented vision, supporting it with projects in societal and environmental responsibility.