Operating with IC Holding's quarter-century expertise and experience in the energy sector, IC Enterra Renewable Energy is preparing to meet its investors at Borsa Istanbul. The senior management of IC Enterra Renewable Energy, whose public offering size is expected to be 3,7 billion TL and which presented itself to investors with the motto "Our energy is the energy of the world", shared its future plans, targets and developments in the sector at the press conference held on Tuesday, March 26.
“THE FIRST STEP TOWARDS A PUBLIC OFFERING”
He evaluated the public offering of IC Enterra Renewable Energy as "a step that will crown our quarter-century experience and achievements in the energy sector." IC Holding CEO Murad Bayar, “We are excited about the public offering of IC Enterra Renewable Energy, one of the energy companies of the IC group. Because this is the first step taken towards public offering within our group. Our group, whose foundations were laid in 1969, continues its activities in the construction, energy, tourism, infrastructure, transportation and industry sectors. As you know, as IC Holding, we have implemented many important projects both in Turkey and in the international arena. We work to be beneficial to the world, our country and society in every field we are in. We operate with a management approach that respects people and prioritizes social responsibility awareness. We also act with the aim of "sustainable development" in our activities in the field of energy. "I would like to thank all the investors who trusted us in this new beginning and our consortium leaders Ak Yatırım, İş Yatırım and Ziraat Yatırım, who managed our public offering process," he said.
“WE WILL BRING PROJECTS THAT WILL INCREASE OUR COMPANY'S REVENUES TO THE INDUSTRY”
He said that trading will start with the ENTRA code on Borsa Istanbul's Yıldız Market. IC Enterra Renewable Energy General Manager Taşkın Kızılokstated that demand for the public offering will be collected between 27-29 March.
Taşkın Kızılok said, “Our goal is to create new employment and support the local economy while responding to our country's energy demand with our renewable energy projects. By using the majority of the income we obtained from the public offering in new investments, we want to bring projects that will increase our company's revenues to our sector and, on the other hand, contribute to the energy independence of our country. "With our public offering, we invite our investors to become partners in sustainable growth and a sustainable future," he said.
“OUR INCOME FROM ELECTRICITY SALES IS 2,9 BILLION TL”
Giving information about the size and current portfolio of IC Enterra at the meeting, Kızılok said, “We present to our investors with 9 hydroelectric power plants (HEPPs) that continue to produce electricity in Trabzon, Erzincan, Tokat, Mersin and Giresun, under the roof of our company.
In the coming period, we are focused on our 136 MWm (mechanical installed power) capacity Erzin-2 YEKA Solar Power Plant, whose investment is ongoing, and our 61 MWm Bagistas hybrid Solar Power Plant projects, whose permit processes are ongoing. Our associate degree studies for storage RES and SPP, which are also important renewable energy sources, continue. With 9 HEPPs operating in three different regions of Turkey, we have a rich portfolio both geographically and in terms of power plant diversity. Our 2021-2023 EBITDA compound annual growth rate has reached 29,7 percent. Again, in 2023, our net electricity production was 1 billion 200 million kWh, while our income from electricity sales was 2,9 billion TL. "As IC Enterra Renewable Energy, we are ready to contribute to the energy transformation in Turkey and abroad," he said.
“THE DIRECTION OF ENERGY IN THE WORLD IS RENEWABLE ENERGY”
Kızılok also pointed out that domestic and renewable energy sources have become more important than ever for energy supply security and said:
“Today, many countries are developing supportive policies while setting renewable energy targets in order to combat climate change and increase energy security. While these policies encourage renewable energy investments, they also enable the sector to grow.
Meanwhile, financial institutions and investors are increasing their interest in sustainability-oriented investments and providing advantages in financing renewable energy projects. Green bonds, sustainable loans and other financial instruments enable the realization of renewable energy investments. All these cause renewable energy investments to gradually increase. As included in the latest reports of the International Energy Agency, the world added 2023 percent more renewable capacity in 2022 compared to 50. There is a similar process in Turkey. According to the latest statement made by the Ministry of Energy and Natural Resources, 2023 percent of the increase in our installed capacity in 99,1 came from renewable energy resources investments. The increase in the installed capacity of Turkey, which is among the signatories of the Paris Climate Agreement, is expected to come mainly from renewable energy sources. As can be understood from all this, the direction of the world in energy is renewable energy sources.
“As IC Enterra Renewable Energy, we will continue to produce energy for our country and our world in this field in which we are experts.”
