(AGENPARL) – ven 26 maggio 2023 Press release
SACE, ÇALIK ENERJ? AND ING: A €40 MILLION INNOVATIVE
DEAL TO SUPPORT POWER AND RENEWABLE ENERGY
GENERATION PROJECTS WITH ITALIAN TECHNOLOGIES
WORLDWIDE
• The loan, issued by ING and guaranteed by SACE, in favor of the
Turkish player Çal?k Enerji, supports Italian technologies and
machinery destined for upcoming energy projects in third countries
• More than 30 Italian companies have already participated in business
matching events with Çal?k Enerji organized by SACE in Italy. The next
matchmaking will be at the next edition OMC 2023 – Med Energy
Conference & Exhibition
Rome/Istanbul, 26 May 2023 – SACE, Italy’s Export Credit Agency, and Çal?k Enerji, a Turkish
diversified energy conglomerate active in EPC, utility and renewable energy investment sector s,
announce an important and unique transaction to support the realization of power and renewable
energy generation projects – with Italian technologies and know -how – worldwide.
SACE has guaranteed the € 40 million loan facility to be disbursed by ING in favor of Çal?k Enerji with
a utiliza tion period of 2 years and a repayment period of 6.5 years to support contracts awarded to
Italian companies for upcoming power and renewable energy generation projects in third countries .
Çal?k Enerji is ranked #25 globally in ENR’s 2022 Top International Contractors List for the power
segment, and currently operates a renewable energy generation portfolio of 140 MW, projected to
increase to 1,0 50 MW by 2030.
The SACE Facility will give opportunities and increase competitiveness of Italian companies,
including SMEs, to bid for upcoming projects thanks to the committed facility to Çal?k Enerji. The
supply chain of Italian companies potentially involved is extens ive and over 30 companies have
already participated in business matching events organized by SACE in Italy. The next matchmaking
will take place at OMC 2023 – Med Energy Conference & Exhibition, the premier event in the
Mediterranean area for all professio nals and associations of the energy sector.
This is the first time SACE has granted cover to an energy EPC company in Turkey, based on
company’s own balance sheet, under its Multi -Tied Buyer’s Credit Scheme, and the first -time
features of a Multi -Tied Buye r’s Credit and a classical Buyer’s Credit schemes ha ve been combined
under a single committed facility.
Thanks to the operation and its hybrid scheme, Çal?k Enerji will increase its procurement from Italian
companies, following a n assessment process in compliance with OECD rules, including the Common
Approaches on Environmental and Social Due Diligence .
SACE is Italy’s insurance and finance group controlled directly by the Ministry of the Economy and Finance, specialised in support ing businesses and the national economic fabric through a wide range of tools and solutions to support competitiveness in Italy and worldwide. For over 45 years, the SACE Group has been the reference partner for Italian companies that export and grow on foreign markets. It also supports the bank ing system to facilitate companies’ access to credit with a role that was recently expanded by new tools to support liquidity, investments for competitiveness and sustainability as part of the Italian Green New Deal, starting from the domestic market. With a portfolio of insured operations and guarante ed investments of Euro 165 billion, SACE, to gether with all its subsidiaries – SACE FCT, which operates in the factoring sector, SACE BT, specialised in credit, surety bonds and insuring against damage to property, and SACE SRV, specialised in credit recovery and information asset management – serve s over 37 thousand companies, especially SMEs, supporting their growth in Italy and in around 200 foreign markets.