Galata Wind
Galata Wind is a Turkish independent power producer that generates and sells electricity from wind and solar power plants to the national grid under YEKDEM regulated tariffs. Listed on Borsa İstanbul as Turkey's first green IPO, it is expanding internationally with a 22 MW solar project in Germany via subsidiary SunSpark GmbH.
- Company typePublic
- Founded2006
- HeadquartersÜsküdar
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Galata Wind does
Galata Wind Enerji Anonim Şirketi is a Turkish independent power producer (IPP) that generates electricity from wind and solar assets and sells it primarily to the national grid through Turkey's YEKDEM (Renewable Energy Support Mechanism) regulated feed-in tariffs and bilateral contracts. The company operates a portfolio of wind farms (Rüzgâr Santralleri) and Gold Standard / VCS-certified solar power plants (Güneş Santralleri), and through its "Sunflower Solar" sub-brand positions certified renewable output toward carbon-conscious buyers. As of May 2025, total installed capacity stood at approximately 348 MW, with 757,907 MWh of wind and 52,220 MWh of solar generation in 2024.
The technology stack centers on multi-MW wind turbines (including five recently added Vestas V162 6.2 MW units at the Mersin Wind Farm) and photovoltaic solar installations, combined in hybrid configurations such as the Taşpınar Hybrid Solar-Wind Plant, which integrates battery storage. The company's international vehicle, Galata Wind Energy Global B.V. (Netherlands), and operating subsidiary SunSpark GmbH (Germany) are executing the company's first overseas project — a 22 MW solar installation in southern Germany combining Agri-PV (agricultural solar) with battery storage. The corporate parent is Doğan Holding, and Galata Wind conducted Turkey's first green IPO on Borsa İstanbul (ticker: GWIND) in 2021.
The business model is wholesale electricity generation under regulated tariffs, complemented by bilateral PPAs and certified carbon-credit revenue streams from solar assets. Two development-finance rounds — a $45M EBRD facility (2023) and a $25M Proparco green loan (2024) — have funded capacity expansion while the company maintains a Net Debt/EBITDA ratio of 0.54 and EBITDA margins above 70%, supporting its stated target of surpassing 1,000 MW of total installed capacity by 2030. Third-party ESG ratings (Sustainable Fitch '2'; S&P Global ESG 67; Sustainalytics #1 in Turkey at 14.9) anchor the company's positioning with sustainability-focused investors and counterparties.
Galata Wind firmographics
Firmographics- Name
- Galata Wind
- Legal name
- Galata Wind Enerji Anonim Şirketi
- Website
- https://galatawindenerji.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Galata Wind is a Turkish independent power producer that generates and sells electricity from wind and solar power plants to the national grid under YEKDEM regulated tariffs. Listed on Borsa İstanbul as Turkey's first green IPO, it is expanding internationally with a 22 MW solar project in Germany via subsidiary SunSpark GmbH.
- Ownership category
- akta.pro rank
Galata Wind industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
Keywords
Where Galata Wind is headquartered
LocationHeadquarters
- HQ city
- Üsküdar
Offices2 records
Markets served
Galata Wind business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Electricity Generation and Sales: Galata Wind generates electricity from wind and solar power plants and sells it to the national grid through YEKDEM (Renewable Energy Support Mechanism) and bilateral contracts. Revenue is driven by installed capacity utilization rates and electricity prices.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Galata Wind product offering
Product offeringCore offering
Galata Wind generates and sells renewable electricity through its portfolio of wind and solar power plants in Turkey, with international expansion underway. The company operates approximately 348 MW of installed capacity combining wind turbines, photovoltaic solar facilities, and hybrid wind-solar-battery storage installations, and sells the produced electricity to the national grid under YEKDEM tariffs and bilateral contracts.
Product overview
Galata Wind is a renewable energy company operating a portfolio of wind and solar power generation assets in Turkey with international expansion into Germany. The core offerings consist of Wind Power Plants (Rüzgâr Santralleri) and Solar Power Plants (Güneş Santralleri), complemented by the Sunflower Solar sub-brand. The company also operates hybrid facilities like the Taşpınar Combined Renewable Electricity Generation Plant that integrates solar with battery storage. Total installed capacity stands at approximately 348 MW as of 2025, with a strategic target to reach over 1,000 MW by 2030 through domestic growth and international projects.
Differentiator
Problem solved
Functional benefit
Brands
- Sunflower Solar: A sub-brand of Galata Wind focusing on solar energy solutions.
Products and services
- Rüzgâr Santralleri (Wind Power Plants) Utility-scale wind farms that convert wind energy into electrical power using wind turbines, contributing to Turkey's renewable energy capacity (including Vestas V162 6.2 MW units at Mersin Wind Power Plant).
- Güneş Santralleri (Solar Power Plants) Solar power facilities across Turkey with Gold Standard and Verified Carbon Standard (VCS) certifications that generate 100% renewable energy from photovoltaic installations and produce certified carbon credits.
- Sunflower Solar A branded solar energy sub-initiative under Galata Wind focused on 100% clean energy production and sustainable future solar generation capacity additions.
- Germany 22 MW Solar Power Plant Project (SunSpark GmbH) Galata Wind's first overseas solar power plant project, a 22 MW solar facility in southern Germany with Agri-PV and battery storage components, developed through its wholly-owned German subsidiary SunSpark GmbH.
- Taşpınar Hybrid GES (Combined Renewable Electricity Generation Plant) Hybrid renewable energy facility combining wind, solar power generation and battery storage capabilities to deliver optimized, dispatchable clean electricity output.
Quantifiable outcome
- Annual production capacity of 900,000-980,000 MWh targeted for 2025
- +2 more outcomes
Companies that use Galata Wind
Customer profileSegments2 records
Ideal customer profiles1 record
Galata Wind technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Galata Wind partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- SunSpark GmbHcoreWholly-owned German subsidiary of Galata Wind Energy Global B.V. established to develop the 22 MW solar power plant project in southern Germany with Agri-PV and battery storage components.
- Galata Wind Energy Global B.V.core100% owned Dutch subsidiary established to coordinate international renewable energy investments and implement investment strategies in Europe and beyond.
- Yuvam Dünya AssociationminorClimate partnership formed during COP27, collaborating on climate crisis initiatives and awareness campaigns. Partnership aims to combine corporate renewable energy efforts with civil society climate action.
Scale indicators12 records
Recent moves8 records
Expansion highlights5 records
Galata Wind competitors and assessment
Company assessmentBroad incumbents
- RWE AG: German utility with one of Europe's largest onshore/offshore wind and solar generation platforms; relevant for sizing the market and competitive intensity Galata Wind will face in Germany.
- Orsted: Danish-headquartered global offshore and onshore wind developer; relevant comparable for project development discipline, offtake structuring, and capital-intensity dynamics in scaling wind IPPs.
- EDP Renováveis: Portuguese-listed global wind and solar IPP with multi-geography platform; useful comparable for international expansion economics, M&A-driven capacity buildouts, and public-market valuation reference.
- Statkraft: Norwegian state-owned European renewable IPP with wind, solar and hydropower across the Nordics and Germany, representing the kind of diversified European IPP Galata Wind aspires to scale toward.
- Iberdrola: Global renewables leader with the world's largest installed wind capacity; a benchmark for how a national renewable IPP can scale into a multi-continent platform of relevance to Galata Wind's stated 1,000 MW+ / Europe expansion plan.
- Enerjisa Üretim: Turkey's largest private power producer with material wind and solar capacity. Larger and more diversified than Galata Wind but the most relevant domestic incumbent competing for YEKDEM awards and grid connections.
Direct peers
- Encavis AG: European wind and solar IPP owning and operating a distributed renewable portfolio across Germany and Western Europe; the closest European role model for Galata Wind's planned SunSpark/Sunflower expansion across borders.
- Borusan EnBW Enerji: Turkish-German joint venture wind IPP directly comparable in technology mix and has operations spanning Turkey and Germany, mirroring Galata Wind's emerging two-market strategy.
- Akfen Yenilenebilir Enerji: Turkish renewable energy IPP operating wind and solar assets selling into YEKDEM and bilateral PPAs. Closest direct comparable by geography, offtake model, asset mix, and listing status (Borsa Istanbul).
- Ayen Enerji: Turkish IPP with wind and hydroelectric generation assets, listed on Borsa Istanbul, with overlapping YEKDEM-style feed-in tariff exposure and a comparable small-mid cap renewable portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights8 records
Customer concentration
Galata Wind social profiles
Digital presenceGalata Wind compliance and trust
Trust signalCompliance5 records
Galata Wind financial estimates
Financial estimateRevenue estimate
Valuation estimate
Galata Wind leadership team
Management profileNumber of profiles
Profiles2 records
Galata Wind subsidiaries and ownership
Company hierarchySubsidiaries2 records
Galata Wind funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Galata Wind M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Galata Wind
What does Galata Wind do?
Galata Wind generates and sells renewable electricity through its portfolio of wind and solar power plants in Turkey, with international expansion underway. The company operates approximately 348 MW of installed capacity combining wind turbines, photovoltaic solar facilities, and hybrid wind-solar-battery storage installations, and sells the produced electricity to the national grid under YEKDEM tariffs and bilateral contracts.
Is Galata Wind a public or private company?
Galata Wind is a public company. It is classified as public and is currently operating.
When was Galata Wind founded?
Galata Wind was founded in 2006. It employs 51 to 100 people.
Where is Galata Wind based?
Galata Wind is headquartered in Üsküdar.
How does Galata Wind make money?
One revenue line is on record: electricity Generation and Sales.
Who are Galata Wind's main competitors?
Broad incumbents on record are RWE AG, Orsted, EDP Renováveis, Statkraft, Iberdrola and Enerjisa Üretim. Direct peers are Encavis AG, Borusan EnBW Enerji, Akfen Yenilenebilir Enerji and Ayen Enerji.
Does Galata Wind have an API?
No public API is recorded for Galata Wind.
What industry is Galata Wind in?
Galata Wind's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUACAFAH, Hybrid Wind Power Plants (Wind+Solar+Storage Co-located). Its NAICS code is 221115 and its SIC code is 4991.