SKN | BBVA Leads $36.2 Million Solar Financing to Advance Türkiye’s Clean Energy Transition

Key Takeaways:

• BBVA Corporate & Investment Banking has led a $36.2 million financing package to support the construction of a 55-megawatt solar project in Türkiye for food producer Yayla Agro Gıda.
• The financing highlights BBVA’s growing role in funding renewable energy infrastructure and supporting clients’ decarbonization strategies through structured international financing solutions.
• The project underscores the increasing collaboration between financial institutions, export credit agencies, and industrial companies as businesses accelerate investments in sustainable energy.

BBVA Corporate & Investment Banking (CIB) has successfully arranged $36.2 million in financing for a new solar energy project in Türkiye that will help Yayla Agro Gıda reduce its reliance on conventional energy sources while advancing its long-term sustainability strategy.

BBVA served as Mandated Lead Arranger, Export Credit Agency (ECA) Coordinator, and Lender for the financing, which is backed by Sinosure, China’s export credit agency.

Supporting Türkiye’s Renewable Energy Expansion

The financing will fund the construction of multiple photovoltaic solar plants in the province of Niğde, delivering a combined generation capacity of 55 megawatts.

Developed by GMC Solar, the facilities will operate under Türkiye’s regulatory framework for self-consumption power generation, supplying renewable electricity directly to Yayla Agro Gıda through a long-term Power Purchase Agreement (PPA).

The project supports the company’s broader energy transition strategy by lowering carbon emissions while improving long-term energy security and cost efficiency.

International Financing Drives Sustainable Investment

The transaction demonstrates how cross-border financing structures are increasingly supporting renewable energy development.

Sinosure’s participation reflects the involvement of a Chinese engineering, procurement, and construction contractor, while close cooperation between BBVA’s Export & Agency Finance team and Garanti BBVA enabled the successful execution of the project.

The financing illustrates how international partnerships can facilitate large-scale infrastructure investments while managing project and credit risks through export credit agency support.

Sustainability Remains Central to BBVA’s Strategy

The transaction aligns with BBVA’s broader commitment to financing projects that contribute to the global transition toward lower-carbon economies.

Structured financing solutions have become an increasingly important tool for helping industrial clients invest in renewable energy, improve operational efficiency, and strengthen long-term competitiveness while meeting sustainability objectives.

As corporations continue pursuing decarbonization initiatives, demand for customized green financing solutions is expected to remain strong across emerging and developed markets alike.

Renewable Infrastructure Continues to Attract Capital

Türkiye has continued expanding renewable energy capacity as part of its long-term energy diversification strategy, creating opportunities for financial institutions specializing in sustainable infrastructure financing.

Projects combining renewable generation with industrial self-consumption models are becoming increasingly attractive as companies seek greater control over energy costs while reducing environmental impact.

For lenders, these transactions represent an opportunity to support both economic development and climate-related investment objectives through innovative financing structures.

Closing Insights

BBVA’s leadership of the $36.2 million financing for Yayla Agro Gıda’s solar project highlights the growing role of sustainable finance in supporting industrial decarbonization. As businesses increasingly invest in renewable energy to improve efficiency and reduce emissions, structured financing solutions such as this are expected to remain an important driver of both economic growth and the global energy transition.

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