Polat Enerji

What Polat Enerji does

Polat Enerji (legal name: Adnan Polat Enerji Yatırımı A.Ş., APEY) is a privately held Turkish renewable energy IPP, founded in 2000 in partnership with EDF Renewables and formally established in 2008 under Polat Holding chairman Adnan Polat. The company develops, owns and operates utility-scale wind, solar PV and battery energy storage assets across Turkey and Hungary, managing 12 power plants with 1,135–1,177 MW of installed capacity. Generation totals approximately 2.5 billion kWh per year, supplying the equivalent of ~945,000 households and avoiding roughly 1.3 million tonnes of CO₂e annually. Asset highlights include Soma RES (328.9 MWm — Turkey's largest and Europe's seventh-largest wind farm), Geycek RES (220.2 MW wind plus 46.6 MW solar and 10 MW/13.4 MWh storage — Turkey's first multi-source hybrid plant), Göktepe RES (with the country's largest BESS under Rolls-Royce), Ege RES (Turkey's first DRES-licensed wind+storage), and six Hungarian solar plants operating under Polat Energy Europe.

The core technology stack is utility-scale wind, solar PV and BESS integrated into hybrid plants monitored via digital/OT systems and smart-grid instrumentation, deployed through partnerships with ENERCON (E-175 EP5 turbines), Rolls-Royce (132 MWh BESS), Sungrow, CATL and SolarToday/iNOVAT. Revenue is generated primarily by selling generation into the Turkish wholesale market (EPIAŞ) under YEKA-style long-term contracts and bilateral PPAs, by selling Hungarian solar output into the local market through Polat Energy Europe, by retail/wholesale electricity trading through the 2025 İş Enerji joint venture (İş Perakende ve Toptan Elektrik Ticaret A.Ş.), and by monetising carbon-reduction and gender-equality credits. Capital access is anchored by long-dated debt from EBRD (~US$100 million, 2022) and BayernLB/TSKB (€127 million, 22-year tenor, 2025 — the longest project financing in Turkish history), with equity jointly held by Polat Holding and İş Enerji following a 2021 restructuring. Customers are essentially the Turkish and Hungarian grids plus, increasingly, retail end-users via the İş Enerji JV.

Name

Polat Enerji

Legal name

Adnan Polat Enerji Yatırımı A.Ş. (APEY)

Website

https://polatenerji.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Polat Enerji is a privately held Turkish renewable energy IPP that develops, owns and operates 12 utility-scale wind, solar and battery storage plants (about 1,177 MW) across Turkey and Hungary, generating ~2.5 billion kWh annually and selling power to grid offtakers and the İş Enerji retail JV.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation (22111), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Utility-Scale Power Generation Asset Management (EUAEAMAA)

akta.pro secondary industry

Enhanced Geothermal Systems (EGS) Power Generation (EUACAHAD)

Keywords

• Utility-scale wind power
• Solar power generation
• Battery energy storage
• Renewable energy investment
• Hybrid power plants

Headquarters

HQ city

Kagithane

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Utility-scale electricity generation sales: Sale of clean electricity generated by wind and solar plants to the grid and through bilateral/utility offtake arrangements, supplying ~945,000 households with ~2.5 billion kWh/year.
2. Long-term project and refinancing-backed investments: Long-term (22-year) project financing with BayernLB/TSKB (€127M) and EBRD support (US$100M) underwrites new wind, solar and BESS capacity that drives future revenue.
3. Retail and wholesale electricity supply: Retail and wholesale electricity trading via joint venture İş Perakende ve Toptan Elektrik Ticaret A.Ş. (with İş Enerji), expanding into direct B2C/B2B power sales.
4. Carbon / sustainability credit monetisation: Generation of ~1.3 million tonnes CO2e annual reduction supports carbon credit, sustainability-linked financing and gender equality credit monetisation (first renewable company in Türkiye to implement the Gender Equality Credit scheme).

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Polat Enerji is a privately held Turkish renewable energy producer that develops, owns and operates utility-scale wind, solar PV and battery energy storage power plants. The company sells clean electricity generated from its 12 power plants (across Turkey and Hungary) to the national grid, utilities and via long-term bilateral offtake arrangements, and has expanded into retail electricity supply through a joint venture with İş Enerji.

Product overview

Polat Enerji operates as an integrated renewable energy producer with a portfolio of 12 power plants across Turkey and Europe, totaling 1,177+ MW of installed capacity. Its offering is a unified production platform composed of (a) six Turkish wind power plants — Soma RES (328.9 MWm, Turkey's largest), Geycek RES (220.2 MWm, Turkey's first multi-source hybrid), Göktepe RES (121.1 MWm, with 109.9 MW/132.8 MWh BESS under construction), Poyraz RES (85.5 MWm), Ege RES (21.2 MWm, Turkey's first licensed DRES), and Seyitali RES (41.5 MWm); (b) six Hungarian solar power plants operated under Polat Energy Europe — Szolnok I & II, Mezőtúr, Szászberek, Mezőberény, and Gyöngyöshalász; and (c) energy storage and hybrid plant modules that integrate batteries, solar and wind under single licenses (e.g., the Soma 4 MW/4 MWh EDS, Göktepe Rolls-Royce BESS, Geycek Sungrow storage). All plants feed into the Polat Enerji operations and digital monitoring portfolio, which the company describes as a single integrated platform of RES, GES and hybrid projects generating ~2.5 billion kWh annually for ~945,000 households while avoiding ~1.3 million tonnes of CO₂e.

Differentiator

Problem solved

Functional benefit

Brands

• Polat Energy Europe: Multinational subsidiary established in 2024 to manage European renewable energy investments, primarily solar plants in Hungary.

Products and services

• Soma Wind Power Plant (Soma RES) Turkey's largest wind power plant (328.9 MWm, 185 turbines) located in Soma, Manisa, including a 4 MW / 4 MWh integrated energy storage system — Turkey's first grid-scale wind + BESS application. Supplies electricity equivalent to ~222,580 people and avoids ~555,730 tonnes of CO2e annually.
• Geycek Wind Power Plant (Geycek RES) Turkey's first multi-source hybrid power plant combining 220.2 MW wind, 46.6 MW hybrid solar PV and 10 MW / 13.4 MWh battery storage under a single licence, located in Mucur, Kırşehir. Annual generation meets the electricity needs of ~107,730 people and avoids ~268,970 tonnes of CO2e.
• Göktepe Wind Power Plant (Göktepe RES) Wind power plant located in Armutlu, Yalova, with 121.1 MWm installed capacity and 29 wind turbines, undergoing hybrid transformation with a 109.9 MW / 132.8 MWh Rolls-Royce BESS. Annual generation meets the electricity needs of ~87,140 people and avoids ~217,650 tonnes of CO2e.
• Poyraz Wind Power Plant (Poyraz RES) Land-based wind power plant located in Kepsut, Balıkesir, operating since 2012 with 85.5 MWm installed capacity and 36 wind turbines. Annual generation meets the electricity needs of ~53,430 people and avoids ~133,410 tonnes of CO2e.
• Ege Wind Power Plant (Ege RES) Turkey's first facility completed under the Licensed Storage Wind Energy Plant (DRES) scheme, located in Kemalpaşa, İzmir. 21.2 MWm installed capacity with 6 wind turbines and a 22.7 MW / 26.6 MWh storage expansion. Annual generation meets the electricity needs of ~10,660 people and avoids ~26,610 tonnes of CO2e.
• Seyitali Wind Power Plant (Seyitali RES) Wholly-owned Polat Holding subsidiary wind power plant operating in Aliağa, İzmir since 2007/2011. 18 wind turbines with 41.5 MWm installed capacity. Annual generation meets the electricity needs of ~24,500 people and avoids ~61,000 tonnes of CO2e.
• Szolnok Solar Power Plant I (Szolnok GES I) Hungarian large-scale solar power plant located in Szolnok with 69.2 MWp / 48 MWac installed capacity, commissioned in 2022.
• Szolnok Solar Power Plant II (Szolnok GES II) Large-scale Hungarian solar power plant in Szolnok with 69.2 MWp / 48 MWac installed capacity, commissioned in 2022, contributing significantly to Hungary's solar capacity build-out.
• Mezőtúr Solar Power Plant (Mezőtúr GES) Hungarian solar power plant in Mezőtúr with 66.3 MWp / 49.8 MWac installed capacity and 25 MW / 53.7 MWh energy storage integration, commissioned in 2024.
• Szászberek Solar Power Plant (Szászberek GES) Award-winning next-generation Hungarian solar power plant focused on biodiversity conservation and restoration, located in Szászberek with 69.6 MWp / 48 MWac installed capacity, commissioned in 2023.
• Mezőberény Solar Power Plant (Mezőberény GES) Next-generation Hungarian solar power plant in Mezőberény with nature-friendly design, 64.2 MWp / 4.8 MWac installed capacity and 30 MW / 60.2 MWh energy storage, scheduled for 2026.
• Gyöngyöshalász Solar Power Plant (Gyöngyöshalász GES) Integrated Hungarian solar facility in Gyöngyöshalász combining solar generation with energy storage, with 20 MWp / 15 MWac installed capacity and 1.5 MW / 3.7 MWh storage, commissioned in 2025.
• Polat Energy Europe (International Renewable Energy Holding) Multinational subsidiary established by Polat Enerji in 2024 to coordinate international renewable energy investments in Hungary (Szolnok I-II, Mezőtúr, Szászberek, Gyöngyöshalász, Mezőberény).
• Retail and Wholesale Electricity Supply (İş Perakende ve Toptan Elektrik Ticaret A.Ş. JV) Retail and wholesale electricity trading joint venture with İş Enerji (İş Bankası Group subsidiary) for selling power to end consumers in Turkey, expanding Polat Enerji's downstream presence.

Quantifiable outcome

• ~2.5 billion kWh of clean energy produced per year
• +5 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered flagship and core.

• Rolls-Royce SolutionsflagshipTechnology or Integration · 1 January 2025Signed Turkey's largest Battery Energy Storage System (BESS) supply agreement — a 132 MWh installation at Göktepe RES — to support wind integration and grid stability. Rolls-Royce also references a broader strategic focus on battery solutions globally.
• ENERCONflagshipStrategic or Co-development PartnerLetter of intent (jointly with İş Enerji) covering up to 2,500 MW of wind investments, deploying ENERCON's next-generation E-175 EP5 turbines (6.0–7.0 MW) — among Europe's most efficient turbines. ENERCON has also secured a 110.5 MW wind turbine contract from Polat Enerji (referenced by trade press).
• T Dinamik Enerji (and Tegnatia EPC)coreImplementation/ SI/ Consulting Partner10 MW / 13.4 MWh energy storage system to be installed at Geycek WPP using Sungrow products; first step toward Turkey's first grid-scale wind + solar + BESS hybrid plant. Tegnatia EPC delivers turnkey execution.
• SolarTodaycoreTechnology or Integration15 MWh (12.8 MW / 15.176 MWh) energy storage system agreement at Ege WPP using CATL batteries and the iNOVAT domestic solution platform.
• Partner Elektronik Güç SistemlericoreImplementation/ SI/ Consulting PartnerDelivery partner for the Soma RES storage integration — Turkey's first grid-scale wind + BESS system approved by the Ministry of Energy.
• SPI (Schmid Pekintaş Investments) Energy Solutions & Schmid Pekintaş Güneş Enerji SistemlericoreImplementation/ SI/ Consulting PartnerEngineering, procurement and construction (EPC) of the 46.6 MW hybrid solar plant at Geycek WPP, including supply of solar panels. Brought Geycek to a total 214.6 MW installed capacity.
• KAGİDER (Turkish Women Entrepreneurs Association)flagshipGTM or Marketing PartnerJoint CSR programme "Light Up the Future with Women's Labour" — runs across 5 years, 5 regions. First location Armutlu; mentors women in accounting, e-commerce, social media, marketing and entrepreneurship to form local production cooperatives (e.g., Armadis Kadın Girişimi ve Üretim Kooperatifi).
• Polat Vakfı (Polat Foundation)flagshipStrategic or Co-development PartnerCo-launched the "Green Light for the Future" education project in 2023, delivering Energy Workshops and Vocational High School Meetings to 6,000+ students, 500 teachers, 170+ workshops across 7 provinces. Goal: 10,000+ students by end-2026.
• Manisa Celal Bayar Üniversitesi (MCBÜ)coreStrategic or Co-development Partner"Capacity Building Programme for the Energy Sector" — 125 engineering students selected with gender-balanced intake; co-developed with EBRD, providing academic and on-the-job training.
• İş Enerji (İş Bankası Group subsidiary)flagshipStrategic or Co-development Partner50% joint-venture partner in Polat Enerji; co-owner of the retail and wholesale electricity supply arm İş Perakende ve Toptan Elektrik Ticaret A.Ş.; joint signatory of the 2,500 MW ENERCON LOI.
• EDF RenewablescoreStrategic or Co-development PartnerPartnership agreement signed in 2000 (founding year) — historical early co-development partner in renewable energy.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Enerjisa Enerji: Largest Turkish private-sector electricity generator/distributor; operates large-scale wind, solar and hydro assets and is the renewable arm of İş Bankası Group — Polat Enerji's 50% joint-venture partner. Most directly comparable Turkish IPP for portfolio mix, scale, and regulatory exposure.
• Aksa Enerji: Major Turkish independent power producer with significant wind, solar, and natural gas generation capacity. Comparable in operating model, Turkish regulatory exposure, and customer base (wholesale + retail via Aksa Electricity Supply Co.).
• Sanko Enerji: Turkish renewables-focused IPP within the Sanko Group, with wind, solar and biomass assets. Polat's new CEO (Evren Güvenç) was previously CFO/CEO at Sanko Enerji, making it a direct operational and talent comparable.
• Borusan EnBW Enerji: JV between Borusan Holding and Germany's EnBW; develops and operates utility-scale wind and solar in Turkey. Closely comparable in international JV structure, technology sourcing, and Turkish YEKA participation.
• Enka İnşaat (Enka Renewables): Enka İnşaat's power segment operates ~3,000+ MW of combined-cycle, wind and solar IPPs in Turkey and the region. Comparable as a privately-held Turkish conglomerate-owned IPP with significant renewables exposure.

Broad incumbents

• EDP Renewables (EDPR): Global utility-scale wind and solar developer, subsidiary of EDP. Already a historical partner of Polat Enerji (2000 partnership agreement); provides a benchmark for technology sourcing, project finance structuring, and EU regulatory alignment.
• Iberdrola Renovables: One of the world's largest wind and storage developers. Comparable in integrating wind, solar and BESS at scale, and in using long-tenor green/project finance to underwrite capacity growth in multiple jurisdictions.
• RWE Renewables: European integrated utility with a major wind/solar/storage pipeline. Comparable as a multinational IPP that combines project development, BESS integration, and 20+ year project finance in Europe and adjacent markets.

Emerging players

• BayWa r.e. German-headquartered global solar and storage developer. Comparable to Polat Energy Europe's solar-plus-storage development model in Hungary and the broader EU, and a potential future co-developer or off-taker partner.
• Fluence Energy: Global BESS technology and integration provider. Comparable to Polat's storage strategy at Göktepe, Ege and Geycek; relevant as a competing or complementary supplier to Polat's current partners (Rolls-Royce, Sungrow, CATL, SolarToday).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/polat-enerji-san.-ve-tic.-a.s
• Instagraminstagram.com/polatenerji
• Facebookfacebook.com/polatenerji

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Polat Enerji