The unit of Akfen Holding – one of Turkey’s biggest infrastructure groups – unveiled the target as The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) each signed on the dotted line for a 16.67% stake in ARE.
The Turkish company now plans to expand its existing 211MW of solar and hydropower to a 1GW installed fleet that it said will also include wind farms – a total investment of $1bn.
The
