Assan Alüminyum Enhances Sustainability with Solar Plant Acquisition

Deal News | Oct 31, 2024 | PR Newswire Cision Assan Alüminyum

Assan Alüminyum, a prominent aluminum producer, has expanded its sustainability initiatives through the acquisition of a solar power plant in Karaman, marking a substantial advancement towards its goal of reaching net-zero carbon emissions by 2050 as outlined in their Decarbonization Roadmap. Spanning 11.37 hectares, the plant has a capacity of 10 MWp, which supports Assan Alüminyum's strategy of offsetting Scope 2 emissions and further diversifying its renewable energy portfolio. General Manager Göksal Güngör emphasized the importance of renewable energy as a cornerstone of the company’s strategy and contributions to a circular economy. This move comes as part of a broader effort in sustainability, with the company already operating a hydroelectric power facility in Manavgat that provides energy close to its annual consumption needs. Additionally, Assan Alüminyum has secured $90 million in green financing from the International Finance Corporation, expressing the significance of their green credentials. Alongside these efforts, the company continues to reduce natural gas and electricity consumption through various energy efficiency projects and has been globally recognized with the Aluminium Stewardship Initiative’s Performance Standard Certificate. Committed to its core values of reliability, flexibility, innovation, and sustainability, Assan Alüminyum combines economic growth with environmental responsibility.

Sectors

  • Renewable Energy
  • Aluminium Industry
  • Sustainable Finance

Geography

  • Turkey – The article centers around Assan Alüminyum, based in Turkey, and its acquisition of a solar power plant located in Karaman within the country.

Industry

  • Renewable Energy – The acquisition of a solar power plant signifies the company's strategic investment in renewable energy to reduce its carbon footprint.
  • Aluminium Industry – Assan Alüminyum is a leading producer of flat-rolled aluminium products, emphasizing sustainability and innovation in its operations.
  • Sustainable Finance – The company secured green financing from the IFC, indicating a focus on sustainable financial practices.

Financials

  • $90 million – Green financing secured from the International Finance Corporation to support the company's sustainability initiatives.

Participants

NameRoleTypeDescription
Assan AlüminyumAcquiring CompanyCompanyA leading flat-rolled aluminium producer focused on sustainability, innovation, and carbon reduction initiatives.
International Finance Corporation (IFC)Financial Support ProviderCompanyA member of the World Bank Group that provided Assan Alüminyum with a $90 million green loan.
Göksal GüngörGeneral ManagerPersonGeneral Manager at Assan Alüminyum, advocating for renewable energy and sustainability strategies at the company.