The lender, part of  Turkiye Garanti Bankasi, granted EUR 10.35 million to the trader for a 10MW solar installation in Giurgiu Country, which is part of an 18.5MW solar farm that became operational this summer.

“In the first nine months of 2013, we offered lending exceeding EUR 50 million to corporate customers for green energy projects”, stated Cagri Memisoglu, the bank’s deputy general manager.

The loan refinances 70 percent of the overall investment worth EUR 15 million and has a maturity close to 10 years.


Adrian Pavelescu, director of the renewable energy division at Tinmar Group, commented the company currently has 50MW in solar and is looking to make new acquisitions. (source: