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FAST, easy and fast money transfer, is free of charge at Vakıf Katılım.
Your expenditures are under your control with VKart Business!
Vakıf Katılım Commissions Its Behind-the-Meter Solar Power Plant in Gaziantep
Vakıf Katılım, fully committed to building a sustainable future, has commissioned an 8.5 MWp behind-the-meter solar power plant in Nizip, Gaziantep. Supporting Türkiye’s renewable energy targets, this project will enable Vakıf Katılım’s headquarters and all branches to meet their operational energy needs entirely from renewable sources.
As part of its plan to meet its electricity demand entirely through renewable sources, Vakıf Katılım has brought its solar power plant (SPP) in Gaziantep online. Built on a 93,000-square-meter site in Nizip, the plant has an installed capacity of 8.5 MWp and is expected to generate 15 million kWh of electricity annually, reducing CO₂ emissions by 7,380 metric tons.
The facility incorporates 14,612 high-efficiency solar panels, each with 585 Wp capacity. The project will contribute significantly to environmental sustainability, offsetting greenhouse-gas emissions equivalent to the annual absorption capacity of nearly 18,000 trees.
Mehmet Ali Akben: “The plant will meet the operational energy needs of our headquarters and all branches.”
Vakıf Katılım CEO Mehmet Ali Akben emphasized that the new Solar Power Plant will accelerate the institution’s transition to a low-carbon economy, in line with its sustainable finance policies. Highlighting the project’s contribution to green finance and the broader energy transformation, Akben said: “At Vakıf Katılım, sustainability is a key priority that we approach with great care across all our banking activities. Guided by this vision, we conducted extensive feasibility and planning studies, and we are delighted to bring our SPP project in Nizip, Gaziantep, to life, an environmentally significant investment that enhances our energy security and helps minimize our carbon footprint. The plant will meet the operational energy needs of our headquarters and all branches.”
“Designed through in-house engineering and planning studies.”
Akben noted that the plant’s expected annual generation of nearly 15 million kWh will fully meet the bank’s operational electricity needs. He added: “Designed through in-house engineering and planning studies, this project also aims to optimize energy production capacity through high-efficiency photovoltaic panels and advanced inverter technologies. It is extremely important to us that our SPP investments go beyond energy generation and, through our participation-banking model and subsidiaries, transform into sustainable sources of revenue.”