The new operation will focus on managing and optimising renewable energy projects within the host nation, as well as neighbouring regions in the Balkans, Caucasus, Middle East and north Africa. The announcement comes after a successful year, with Exus onboarding 4GW since 2020, reaching 9GW in assets under management (AUM) across the full scope of the company’s services.
Exus Partner Aygen Yayıkoğlu will head up the office, bringing with him 25 years of energy and infrastructure financing expertise from senior positions at the European Bank for Reconstruction and Development in London and the International Finance Corporation in Istanbul, as well as specific expertise in geothermal and hydropower projects, bolstering existing skillsets.
Turkey will act as a burgeoning hub for Exus, offering their fully integrated asset management services to investors in wind, solar, and hydro. Additionally, Exus will support clients from the surrounding regions to identify and manage outward investments in the US, western Europe and beyond.
Turkey is one of the world’s fastest growing renewable energy markets, nearly tripling in the last 10 years, owed to ‘impressive growth’ across wind, solar, hydro, and geothermal capacity – according to the International Energy Agency. As a result, Turkey has reached 30GW of operational renewables to date.
With plans to commission an additional 10GW of solar and 10GW of wind capacity by 2027, the market presents vast opportunities for investors seeking to generate meaningful returns from assets in Turkey, but also for investors who seek to expand their portfolio outside of the region, into Europe, Asia and Africa.
Exus will work with investors to navigate the complex renewable market across adjacent territories, providing their industry expertise to improve the credibility, bankability, and reputation of new and established renewable energy projects and investors.
Aygen Yayıkoğlu, Partner at Exus, says: “Turkey is a truly exciting renewable energy market, across traditional sources like wind and solar, but also in alternative technologies such as geothermal, where Turkey is the fourth largest market globally. The opportunities in the emerging and semi-mature markets in Turkey and the surrounding regions are absolutely immense. We are dedicated in helping our partners discover that potential.”