Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie's Frankfurt office has advised Zorlu Enerji Elektrik Uretim A.S. (Zorlu Energy Electricity Generation) and Zorlu Ruzgar Enerjisi Elektrik Uretim A.S. (Zorlu Wind Energy), both part of the Zorlu Energy Group, on financing for two wind power plant projects in Turkey.

The Firm advised Zorlu Enerji Elektrik Uretim A.S. and Zorlu Ruzgar Enerjisi Elektrik Uretim A.S. in relation to the financing of the development of 45.57 MW Saritepe and 23.3 MW Demirciler wind power farms provided by Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) in the amount of EUR 82 million and TL 10 million and on the EUR 41 million ECA financing for the supply of wind turbines for 45.57 MW Saritepe and 23.3 MW Demirciler wind power farms provided by Bayerische Landesbank. The deal was signed and closed on 24 November 2014.

A cross-border team of lawyers from Esin Attorney Partnership and Baker & McKenzie worked together to advise Zorlu Energy on the financing. The deal was led by Istanbul-based Partner Muhsin Keskin and Frankfurt-based Partner Oliver Socher with support from Associates Dr. Erdem Sismangil (Istanbul) and Berk Cin (Istanbul).

"Zorlu, one of the major Turkish holding companies, is setting the bar high for renewable energy projects in Turkey, and we are pleased to be able to advise them on financing for their wind power projects. We look forward to continuing our partnership with Zorlu and hope to work together again on future energy projects in Turkey," commented Partner Muhsin Keskin.

Zorlu Energy Group, a group company of Zorlu Holding, was founded in 1993 with the creation of Zorlu Energy Electricity Generation. Currently, the Zorlu Energy Group has a total installed capacity of 1.061 MW with a portfolio of five natural gas power plants, seven hydroelectric power plants, two geothermal power plants, one wind power plant in Turkey, one natural gas plant in Israel and one wind power plant in Pakistan. Originally generating 100% of its energy from natural gas, Zorlu is currently expanding its renewable energy resources, which now account for nearly 37% of its installed capacity.