Through this partnership, SAMPA will construct a 21 MW captive solar power plant, which will reduce energy costs, lower CO2 emissions, and ultimately support Türkiye in achieving its net-zero targets
- The Islamic Corporation for the Development of the Private Sector (ICD) is providing financing of €15 million to Türkiye’s Sampa Otomotiv Sanayi ve Ticaret A.Ş. (SAMPA) to support the development and construction of a 21 MW captive solar energy capacity.
- This agreement marks a significant partnership between ICD and SAMPA, reflecting ICD’s strategic commitment to bolstering private sector growth in its member nations, particularly in strategic sectors like renewable energy.
The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) and Sampa Otomotiv Sanayi ve Ticaret A.Ş. (SAMPA) have signed a term sheet to finance SAMPA’s inaugural captive Solar Power Plant investment under the Renewable Energy Support Mechanism (YEKDEM).
This strategic partnership underscores ICD’s commitment to fostering private sector development within its member countries. ICD stands ready to support Türkiye in achieving its energy goals and remains dedicated to enhancing the renewable energy sector across its member nations to contribute toward the Sustainable Development Goals (SDGs).
Through this partnership, SAMPA will construct a 21 MW captive solar power plant, which will reduce energy costs, lower CO2 emissions, and ultimately support Türkiye in achieving its net-zero targets. Additionally, SAMPA is committed to promoting gender equality in the traditionally male-dominated manufacturing sector by enhancing equal opportunity policies and increasing women’s representation in its factories.
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