Biomass

Global Investment Holdings will continue serving as an industry pioneer, spearheading the development of biomass projects in various locations across Turkey.

Global Investment Holdings is the leading biomass power producer from residues and waste from agricultural fields, forests, and livestock in Turkey with a total installed capacity of 29.2MWe at its Aydın – Söke (12MWe), Mardin – Derik (12MWe) and Şanlıurfa – Haliliye (5.2MWe) power plants. These facilities are expected to generate about 200 kWh of electricity per annum, meeting the electricity requirement of more than 80 thousand households; while they are subject to Renewable Energy Resources Support Mechanism (YEKDEM), selling electricity at 13.3 dollar-cent/kWh. Capacity extension of Aydın-Söke power plant is in progress and once completed; the capacity will double, reaching 24MWe and increasing total biomass fuelled installed capacity of the Group to 41 MWe.

Biomass method for electricity generation involves the process of combustion and steam cycle technology using agricultural (mainly cotton and corn) residues, animal manure, and forestry residues where this method of electricity production is not adopted by many players in the Turkish market.

As a major agricultural producer, Turkey’s non-food crops, farm residues and waste present significant untapped potential in biomass energy. The Renewable Energy General Directorate estimates the nation’s annual biomass potential totals 50 million tons. Turkey has the potential to install more than 5,000 MW of biomass based power capacity. Biomass based power generation in the country is a newly emerging field, accounting for less than 1% of total electricity generation today.

Global Investment Holdings is one of very few companies that combine biomass collection and power plant operation under one single roof.

Global Investment Holdings will continue serving as an industry pioneer, spearheading the development of biomass projects in various locations across Turkey to achieve a substantial installed capacity  125 MW by the end of 2020.

PORTS

Cruise and commercial port operating activities

INDUSTRIAL

Clean and renewable energy production, compressed natural gas sales and distribution, energy efficiency and mining

REAL ESTATE

Developing and operating commercial real estate projects

FINANCE

Non-banking financial services such as brokerage, advisory and asset management

Rıhtım Cad. No: 51 Karaköy İstanbul      (212) 244 6000      investor@global.com.tr