What Kıvanç Enerji does

Kıvanç Enerji Üretim A.Ş. is a Turkish privately-held independent power producer established in 2006 within the diversified Kıvanç Group conglomerate, headquartered in Seyhan, Adana. The company generates renewable and clean electricity from a diversified asset base spanning three hydroelectric plants (Sebil 25.152 MWm, Kesme 4.852 MWm, Gemköprü 2.000 MWm), three solar plants (Gündoğan, Kıvanç Çatı I/II, and the large-scale Kıvanç II at 52.5 MWp), two wind plants (Havza 56 MWm and Hacı Bey 65.2 MWm), and one natural-gas cogeneration unit (Kojen 6.2 MWm) embedded in the group's textile factory. Total licensed mechanical capacity reaches 231.745 MWm / 188.154 MWe, with an additional 19.840 MWp of unlicensed solar in operation. Generation output is sold wholesale into the Turkish electricity market and grid via the in-group trading arm Kıvanç Elektrik Toptan Satış A.Ş., with technology suppliers including VESTAS, ENERCON, First Solar, Hanwha Q Cells, and SMA.

The company operates within a vertically integrated Kıvanç Group structure that includes Kıvanç Solar (PV panel manufacturing in Tarsus, Mersin), Ekim Elektrik Mühendislik (engineering and construction), Ilgaz Elektrik Üretim and Bali Rüzgår Elektrik Üretim (generation SPVs), and Kıvanç Elektrik Toptan Satış (wholesale trading), which collectively internalize EPC, component supply, and offtake. Geographic footprint spans six Turkish provinces — Adana, Mersin, Kahramanmaraş, Malatya, Samsun, and Istanbul — covering Mediterranean, Southeast Anatolia, Central Anatolia, East Anatolia, Black Sea, and Marmara regions. Revenue figures are not publicly disclosed.

The company's customer base is structurally narrow as a wholesale IPP: electricity flows through a single sales channel (the Turkish wholesale electricity market / grid operators) with no consumer-facing pricing models, though intra-group consumption via Kıvanç Tekstil's cogeneration partially diversifies offtake.

Name

Kıvanç Enerji

Legal name

Kıvanç Enerji Üretim A.Ş.

Website

https://kivancenerji.com.tr

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Kıvanç Enerji is a Turkish privately-held IPP within Kıvanç Group that generates and sells wholesale renewable and clean electricity — hydroelectric, solar, wind, and natural-gas cogeneration — across six Turkish provinces via its in-house trading arm to the Turkish electricity market and grid.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

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

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Renewable energy generation
• Hydroelectric power plants
• Solar power plants
• Wind power plants
• Electricity wholesale

Headquarters

HQ city

Seyhan

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels2 records

Core offering

Kıvanç Enerji Üretim A.Ş. operates a diversified portfolio of renewable and thermal power plants — hydroelectric (HES), solar (GES), wind (RES), and a natural-gas-fired cogeneration plant (KOJEN) — generating clean electricity for sale to the Turkish wholesale electricity market and grid. The group also manufactures photovoltaic panels at its Tarsus facility (Kıvanç Solar) to supply its own solar power projects. Licensed capacity totals 231.745 MWm mechanical / 188.154 MWe electrical across all plant types.

Product overview

Kıvanç Enerji is a Turkish renewable energy company established in 2006 within the Kıvanç Group. The company operates a diversified portfolio of energy generation assets including: (1) Four hydroelectric power plants (HES) - Sebil, Kesme, and Gemköprü; (2) Three solar power plants (GES) - Gündoğan, Kıvanç Çatı, and Kıvanç II; (3) Two wind power plants (RES) - Havza and Hacı Bey; (4) One natural gas-fired thermal plant (Kojen) for cogeneration; and (5) A solar panel manufacturing facility. The company also operates unlicensed solar installations totaling 19,840 MWp. Total licensed capacity reaches approximately 231.745 MWm mechanical / 188.154 MWe electrical across all plant types.

Differentiator

Problem solved

Functional benefit

Brands

• Kıvanç Solar: Solar panel manufacturing division producing solar panels at the Kıvanç Solar Panel Production Plant in Tarsus, Mersin.

Products and services

• Kesme Hydroelectric Power Plant (HES) Hydroelectric power plant in Pazarcık, Kahramanmaraş; 4.852 MWm mechanical capacity, ~16 GWh annual generation. Built and operated by Kıvanç Enerji for wholesale electricity sale.
• Sebil Hydroelectric Power Plant (HES) Hydroelectric power plant in Çamlıyayla, Mersin; 25.152 MWm mechanical capacity, 75 GWh annual generation. Generates renewable electricity sold to the Turkish grid.
• Gemköprü Hydroelectric Power Plant (HES) Hydroelectric power plant in Erkenek, Malatya; 2.000 MWm mechanical capacity, ~12 GWh annual generation. Adds hydroelectric output to the group's portfolio.
• Kıvanç Çatı Solar Power Plant (GES I & II) Rooftop solar power plant on the Kıvanç Tekstil factory in Adana, two phases totaling 2,550 KWp producing ~4,050 MWh/year. Self-generation renewable asset for wholesale sale.
• Gündoğan Solar Power Plant (GES I & II) Ground-mounted solar plant in Ceyhan, Adana; 17.450 KWp total capacity, ~29,000 MWh/year. Utility-scale renewable asset supplying the Turkish wholesale market.
• Kıvanç II Solar Power Plant Large-scale solar plant in Gülnar, Mersin; 52,500 KWp on 85 hectares, ~90,000 MWh/year. One of the group's largest solar assets selling to the wholesale market.
• Havza Wind Power Plant (RES) Wind power plant in Havza, Samsun; 56.000 MWm mechanical capacity, ~168 GWh/year with 16 ENERCON turbines. Contributes to the group's wind generation portfolio.
• Hacı Bey Wind Power Plant (RES) Wind power plant in Çatalca, Istanbul; 65.200 MWm mechanical capacity, ~204 GWh/year projected with 18 VESTAS V162 turbines.
• Kıvanç Kojen Cogeneration (Natural Gas) Plant Natural-gas-fired cogeneration plant inside Kıvanç Tekstil in Seyhan, Adana; 6.200 MWm mechanical / 6.057 MWe electrical across two units (2006, 2012), 42–44% efficiency. Generates electricity and useful heat for textile operations and the grid.
• Kıvanç Solar Panel Production Plant Photovoltaic panel production facility in Tarsus, Mersin, manufacturing solar panels primarily to supply the group's own solar power plant projects.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Enerjisa Üretim: One of Turkey's largest private power generators with a diversified thermal, hydro, wind, and solar portfolio. Direct competitor in Turkish renewable IPP space and the natural benchmark for utility-scale renewable capacity additions.
• Aksa Enerji: Turkish-listed power producer operating natural gas, wind, hydro, and solar plants domestically and abroad. Comparable as a diversified Turkish IPP with multi-technology generation and wholesale market exposure.
• Sanko Enerji: Sanko Group's renewable energy arm operating hydroelectric, wind, and solar plants across Turkey. Closely comparable mid-scale diversified Turkish renewable IPP with a conglomerate parent structure mirroring Kıvanç's setup.
• Limak Enerji: Limak Group's energy division active in hydro, wind, and solar generation in Turkey. Comparable diversified Turkish renewable IPP with similar family/group ownership and vertically integrated construction capabilities.
• Gama Power Systems: Turkish power plant EPC contractor and operator with thermal and renewable generation assets. Comparable because it combines in-house EPC (Ekim-equivalent) with operating generation assets in the Turkish market.
• Polat Enerji: Turkish renewable IPP operating wind and solar power plants with group-affiliated construction roots. Similar mid-sized diversified renewables operator competing for the same YEKA and unlicensed solar opportunities.
• IC İçtaş Enerji: IC Holding's energy arm operating hydroelectric and renewable power plants in Turkey. Comparable diversified Turkish renewable IPP with construction-led parent group structure.
• Yeşil Holding Enerji (Yeşil Enerji): Turkish independent power producer focused on renewable energy projects. Directly comparable as a mid-scale domestic renewable IPP pursuing hydro, wind, and solar assets in the same YEKA/wholesale framework.

Broad incumbents

• Borusan Enerji: Borusan Group's energy business spanning generation, trading, and distribution. Comparable as a diversified Turkish conglomerate with renewable generation and electricity trading operations competing for the same wholesale off-take.
• EDP Renováveis (EDPR): Global renewable energy developer/operator with wind and solar assets across multiple geographies. Relevant as a benchmark for utility-scale renewables operating model, project pipeline economics, and capital-intensive expansion playbooks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/kivancenerji

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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 Kıvanç Enerji