Albioma, a leading renewable energy producer based in France, decided to acquire 75 percent of the Turkish Gümüşköy Geothermal Power Plant’s shares from its current owner BM Holding, according to a statement released by the company on January 26.
With a total of 910 MW of installed capacity worldwide, Albioma has debuted its first investment in Turkey, acquiring its first geothermal power plant ever.
Commenting on the investment, Albioma Chairman and CEO Frédéric Moyne said, “We are delighted to unveil that we acquired the Gümüşköy power plant, giving the Group an opportunity to develop a new, highly industrial business in geothermal energy. This initial project in partnership with a recognized local player gives us an opportunity to rapidly develop our expertise in this business.”
Geothermal sector in Turkey has great potential for development given that it ranks 4th globally in terms of geothermal capacity, the company noted.
Gümüşköy power plant was commissioned in 2013 with a capacity of 13 MW and operates with a licence valid until 2040 with scope to extend for an additional 10-year period.