Galata Wind

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.

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

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

• Wind power generation
• Solar power generation
• Renewable energy production
• Hybrid power plants
• Carbon credit certificates

Headquarters

HQ city

Üsküdar

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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

Core 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

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• SunSpark GmbHcoreOthers · 24 March 2025Wholly-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.coreOthers · 24 March 2025100% owned Dutch subsidiary established to coordinate international renewable energy investments and implement investment strategies in Europe and beyond.
• Yuvam Dünya AssociationminorStrategic or Co-development Partner · 10 November 2022Climate 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

Broad 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

• Xx.com/galatawind
• YouTubeyoutube.com/channel/UCkVU7BKKWcmCpA7lXhGTA7A
• Facebookfacebook.com/galatawind
• LinkedInlinkedin.com/company/galatawind
• Instagraminstagram.com/galatawindenerji

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

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 Galata Wind