Borusan EnBW Enerji

What Borusan EnBW Enerji does

Borusan EnBW Enerji is a Turkish renewable energy utility established in 2009 as a 50-50 joint venture between Borusan Holding (Turkey) and EnBW AG (Germany). The company operates 14 renewable energy facilities across Turkey — 11 wind farms, 3 solar plants, and 1 hydroelectric plant — for a total installed capacity of 935 MW and annual generation of 2.2 TWh. Capacity is geographically diversified across the Marmara, Aegean, Mediterranean, Central Anatolia, and Southeastern Anatolia regions, with a further 210 MW pipeline of wind projects (Emir, İğde, Badem, Hayat) under development. The fleet uses tier-1 turbine platforms from Siemens (SWT 2.3-108, SWT 3.6-130), Vestas (V136 3.6 MW, V150 4.0 MW), and Nordex, and is operated under an Environmental and Social Management System aligned with World Bank and IFC standards.

The company's revenue model combines wholesale renewable generation sold into the Turkish grid, direct B2B electricity supply and trading to industrial and commercial customers via a dedicated sales representative, and the sale of I-REC and Gold Standard green electricity certificates alongside voluntary carbon offset certificates. It also operates the Borusan EnBW Şarj EV charging network — exceeding 500 charging points — distributed via a mobile application with BonusFlaş integration and a channel partnership with Petrol Ofisi Group. The target customer base is primarily Turkish industrial and commercial enterprises seeking to meet ESG and carbon reduction targets, plus B2C EV owners. Corporate sustainability positioning is reinforced by ISO 14001, ISO 45001, and ISO 9000 certifications, TÜV NORD Green Electricity certification, and UN Global Compact signatory status (July 2024).

Capital structure is anchored by over $1 billion in cumulative investment, with recent debt financings of $600M (April 2023), $120M (August 2024), and a $60M EBRD loan (September 2024) supporting the Sivas and Tekirdağ wind expansion. Revenue is not publicly disclosed; generation volume of 2.2 TWh combined with certificate and trading revenue implies annual revenue in the $130M-$220M range.

Name

Borusan EnBW Enerji

Legal name

Borusan EnBW Enerji Yatırımları ve Üretim A.Ş.

Website

https://borusanenbw.com.tr

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Borusan EnBW Enerji is a Turkish renewable energy utility and 50-50 joint venture between Borusan Holding and Germany's EnBW AG, operating 935 MW of wind, solar, and hydroelectric capacity across 14 facilities plus a nationwide EV charging network for B2B and B2C customers.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and Supply

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

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

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD)

Keywords

• Renewable energy generation
• Wind power plants
• Solar energy generation
• Green electricity supply
• Electric vehicle charging

Headquarters

HQ city

Salipazari

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Generation and Sales: Borusan EnBW Enerji generates electricity from 14 operational renewable energy facilities (11 wind farms, 3 solar plants, 1 hydroelectric plant) with a total installed capacity of 935 MW. Generated electricity is sold to the grid and to end customers, contributing 2.2 TWh of annual production.
2. Electricity Trading and Supply: The company engages in electricity sales and trading, offering electricity supply and tariffs to industrial and commercial customers. Sales are managed through dedicated sales representatives and an application/contact form process.
3. Renewable Energy Certificates: The company sells I-REC (International REC) and Gold Standard green electricity certificates to corporate customers, enabling them to document sourcing of 100% renewable electricity and support sustainability reporting.
4. Voluntary Carbon Certificates: The company offers voluntary carbon offset certificates to complement its green energy product line, supporting customers' carbon reduction strategies.
5. EV Charging Network (Borusan EnBW Şarj): The company operates a nationwide electric vehicle charging network with a mobile application, generating revenue from charging services. The network exceeds 500 charging points and supports automated charging via the Tak-Çalıştır feature.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Borusan EnBW Enerji generates and sells renewable electricity from 14 operational facilities in Türkiye — 11 wind farms, 3 solar plants, and 1 hydroelectric plant — with a total installed capacity of 935 MW and annual generation of 2.2 TWh. The company sells electricity and trading services to industrial and commercial customers, issues I-REC and Gold Standard renewable energy certificates and voluntary carbon certificates, and operates the Borusan EnBW Şarj-5 electric vehicle charging network across Türkiye with a companion mobile application.

Product overview

Borusan EnBW Enerji is a renewable energy company operating across three core generation segments: wind energy (RES), solar energy (GES), and hydroelectric power (HES). The company operates 14 renewable energy facilities including 10 wind farms, 3 solar plants, and 1 hydroelectric plant with a total installed capacity of 935 MW. Beyond generation, the company offers renewable energy solutions including electricity trading, renewable energy certificates (I-REC, Gold Standard), voluntary carbon certificates, and EV charging services through Borusan EnBW Şarj-5. The portfolio produces 2.2 TWh annually, equivalent to powering 1 million households.

Differentiator

Problem solved

Functional benefit

Brands

• Borusan EnBW Şarj-5: Electric vehicle charging station network offering easy, safe, reliable, fast, and sustainable charging solutions across Turkey
• Enerjik İzler
• İyi Enerji

Products and services

• Wind Energy Generation Wind power generation across 10 operational onshore wind farms in Türkiye using Siemens, Vestas, and Nordex turbines, supplying renewable electricity to the grid and to corporate customers.
• Solar Energy Generation Solar photovoltaic power generation across 3 solar plants (Dayıcık GES, Pamuklu GES, Saros GES) supplying renewable electricity to the grid and to corporate customers.
• Hydroelectric Power Generation Hydroelectric power generation from the Yedigöl-Aksu HES facility supplying renewable electricity to the grid.
• Electricity Sales and Trading B2B supply of renewable electricity and electricity trading services to industrial and commercial enterprises, including tariff and supply enquiry via the dedicated contact channel.
• Renewable Energy Certificates (I-REC and Gold Standard) Issuance of I-REC and Gold Standard green electricity certificates and TÜV NORD-certified Green Electricity certificates that allow corporate customers to document sourcing of 100% renewable electricity and support sustainability/ESG reporting.
• Voluntary Carbon Certificates Voluntary carbon offset certificates issued from the company's 100% renewable energy portfolio, enabling corporate customers to offset carbon emissions and support sustainability commitments.
• Borusan EnBW Şarj-5 EV Charging Network Electric vehicle charging services operated by the company across Türkiye, with more than 500 charging points and a mobile app providing automated Plug-and-Run charging and BonusFlaş onboarding integration.
• Renewable Energy Solutions (YETA) Customised Renewable Energy Purchase Agreements (YETA) and end-to-end investment and operation management services for customers' renewable energy facilities, targeting sector-oriented corporate buyers.

Quantifiable outcome

• 935 MW total installed renewable capacity (up from 730 MW prior to 2024 expansion)
• +5 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• UN Global CompactcoreOthers · 1 July 2024Borusan EnBW Enerji became a signatory to the UN Global Compact in July 2024, aligning the company's sustainability commitments with the UN's ten principles covering human rights, labour, environment, and anti-corruption.
• Nordex GroupcoreTechnology or Integration · 1 April 2024Borusan EnBW Enerji signed a turbine supply and maintenance agreement with Nordex Group for new wind energy investments. The agreement covers turbines for new renewable energy projects under development as part of the company's 210 MW pipeline of new investments.
• Siemens TürkiyeminorStrategic or Co-development Partner · 1 March 2024Borusan EnBW Enerji and Siemens Türkiye signed a Letter of Intent (niyet mektubu) for collaboration, expanding their existing technology and equipment relationship in Turkish renewable energy development.
• Petrol Ofisi GroupminorGTM or Marketing Partner · 1 July 2023Borusan EnBW Enerji and Petrol Ofisi Group formed a significant collaboration in the electric vehicle charging station sector, combining Borusan EnBW's EV charging network expertise with Petrol Ofisi Group's retail fuel station network to expand EV charging infrastructure across Türkiye.
• Çanakkale On Sekiz Mart ÜniversitesiminorOthers · 1 June 2022
• EnBW AG (Energie Baden-Württemberg AG)coreStrategic or Co-development Partner · 1 January 2009EnBW AG is the German co-shareholder (50%) of Borusan EnBW Enerji, established as a joint venture with Borusan Group in 2009. The partnership aimed for a $2.5 billion euro investment in Turkish energy, targeting 2,000 MW of installed capacity. EnBW contributes operational expertise, international standards, and sustainability frameworks to the joint venture. The company also operates a German sustainability strategy based on economic, environmental, and social value creation.
• Borusan Group (Borusan Holding)coreStrategic or Co-development Partner · 1 January 2009Borusan Group is the Turkish co-shareholder and parent company of Borusan EnBW Enerji, established in 2009 through a 50/50 joint venture with EnBW AG. Borusan Group brings local market expertise, established distribution networks, and corporate governance aligned with its sustainability strategy (focusing on climate, people, and innovation), with a goal of achieving carbon neutrality by 2030.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Enerjisa Üretim: Türkiye's largest private-sector electricity producer with a diversified renewable and thermal generation portfolio. Directly comparable to Borusan EnBW as a Turkish IPP competing for the same corporate offtakers, YEKA capacity, and grid interconnection.
• Sanko Enerji: Türkiye-based IPP operating wind, solar, and natural gas generation assets with significant renewable capacity. Comparable business model (utility-scale renewables + electricity sales) and target market (Turkish industrial/commercial offtakers).
• Polat Enerji: Turkish renewable energy IPP with wind and solar capacity serving industrial customers and grid supply. Operates in the same YEKDEM/YEKA regulatory framework and competes for corporate PPA customers.
• Akfen Yenilenebilir Enerji: Türkiye-focused renewable energy IPP with wind, solar, and hydro capacity. Directly comparable in technology mix, regulatory regime, and customer segments to Borusan EnBW.

Broad incumbents

• RWE Renewables: European-headquartered renewable energy developer/operator owned by RWE AG, one of Europe's largest utilities. Comparable as a globally diversified renewable IPP, though at much larger scale and broader geography than Borusan EnBW's Türkiye-only footprint.
• Enel Green Power: Global renewable energy subsidiary of Enel Group operating wind, solar, hydro, and geothermal across multiple continents. Comparable in technology mix (wind, solar, hydro) and B2B renewable supply model, with significantly broader geographic footprint.
• Statkraft: Norway-headquartered state-owned renewable IPP and power market participant with wind, hydro, and solar assets across Europe and emerging markets. Comparable as a large-scale, multi-technology renewable operator with corporate PPA capabilities.
• Iberdrola Renewables: Global renewable energy arm of Iberdrola with onshore/offshore wind and solar across the Americas, Europe, and Australia. Comparable in being a multi-technology utility-scale renewable operator with corporate green energy offerings.
• EDP Renewables (EDPR): Global renewable energy developer and operator subsidiary of Energias de Portugal, with utility-scale wind and solar in multiple geographies. Comparable in technology mix, scale ambition, and B2B renewable energy supply.

Emerging players

• Econergy Renewable Energy: Renewable energy developer focused on solar PV and wind projects with significant Türkiye and Eastern European footprint. Comparable as a regional renewable developer active in the same Turkish YEKA market, though smaller and earlier-stage than Borusan EnBW.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/borusanenbw
• YouTubeyoutube.com/channel/UCpJ-Xq8p0e-0yJ9vPQ5YcQA
• LinkedInlinkedin.com/company/borusan-enbw-enerji
• Instagraminstagram.com/borusanenbw

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Borusan EnBW Enerji