Turkey’s Galata Wind is getting a USD 45 mn loan from the European Bank for Reconstruction and Development (EBRD) to finance up to 50 MW worth of expansions in two wind power plant projects in Mersin and Balikesir, according to an EBRD statement.

The projects: The onshore wind energy projects that will be expanded are a 105 MW plant and a 62.7 MW Sah wind power project, according to the company’s website. There are no details on how much capacity will be added to the individual projects.

About Galata Wind: Galata currently has an installed capacity totalling 269 MW, both from wind and solar energy projects. It aims to have a generational capacity from renewables to 500-550 MW, the statement quotes Galata Wind’s CEO as saying.

IN CONTEXT- Turkey’s wind energy potential lacks financing, the statement notes. The country currently generates 11 GW from wind power, but has an untapped potential of between 40 to 50 GW from wind energy sources, according to the EBRD.