News

CDM’s Executive Board approves revision of methodology for geothermal projects

BONN, 16 May 2016 - CDM’s Executive Board has approved a revision of CDM methodology ACM0002 for renewable energy projects. The revision, which had been proposed by MidSEFF consultants, will allow geothermal energy projects with binary or closed-loop heat exchange systems to be credited with more carbon credits. The Babadere Geothermal Power Plant (GEPP), a project financed and supported under MidSEFF, is applying such technology.

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First Carbon Credits Sena HEPP Sold

ISTANBUL, 11 May 2016 - The owner of Sena HEPP – Hoşdere Enerji A.S. – concludes first carbon credits trade. The project had generated nearly 21,000 carbon credits in 2013 and 2014, which has been verified under the VCS Carbon Standard end of last year. The company sold 3,000 carbon credits, which will be used by the buyer to neutralize emissions associated with their annual general meeting. Opportunities to sell the remainder of the carbon credits are being explored.

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Carbon projects Edincik WPP and Sena HEPP receive sustainability award

ISTANBUL, 10 February 2016 - Edincik wind power plant and Sena hydropower plant have been recognised for their efforts to develop their renewable energy project as carbon projects. Both projects received the awards from the European Bank for Reconstruction and Development and partners during a ceremony in Istanbul.

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First MidSEFF Grouped Carbon Project in Turkey registered under VCS

ISTANBUL, 24 December 2015 - A Grouped Carbon Project for Hydro Power Projects called “REIS Enerji Grouped HEPP Project” was registered under VCS. This is one of the first ever registrations of a Grouped project in Turkey under VCS. The project was able to achieve registration with support under the Carbon Market Consultancy support under EBRD’s Mid-size Sustainable Energy Finance Facility.

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The Banks’ Association of Turkey (TBB) and EBRD organise a roundtable on Carbon Market Services for Banks

ISTANBUL, 21 October 2015 – A roundtable was organised by the Banks’ Association of Turkey (TBB) and EBRD for members of the Association’s environmental working group. Purpose of the meeting was to discuss the regulation and regulatory oversight of Turkish banks on providing Carbon Market Services. In total 20 participants joint the meeting representing several Turkish banks.

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Carbon development agreement signed for Cayalti HEPP Hydro Programme of Activity

ANKARA, 6 March 2015 - MidSEFF is going to assist REIS ENERJI to develop a Grouped Hydro Power project under the VCS carbon standard (also known as Programme of Activities under CDM). The Grouped structure will be set up for further hydro power projects that REIS ENERJI is planning to developed. The first inclusion is Cayalti HEPP, which is a hydro project that includes two turbines with an installed capacity of 11 MW and 10.56 MW. Cayalti HEPP is located in Western Black Sea Region, Zonguldak province.

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