MOGAN HOLDING (MOGAN ENERJI YATIRIM HOLDING)

What MOGAN HOLDING (MOGAN ENERJI YATIRIM HOLDING) does

MOGAN Enerji Yatırım Holding A.Ş. (MOGAN Holding) is a Turkish publicly listed renewable energy investment holding company that operates a diversified fleet of green energy power plants across four renewable modalities: wind (RES), geothermal (JES), hydroelectric (HES), and solar (GES). As of the homepage disclosure dated 2024, the domestic fleet totals 1,058.01 MW of installed capacity (RES 684.25 MW, JES 259.90 MW, HES 81.37 MW, GES 32.49 MW) spread across 19 operational plants, with international assets in Ukraine and Kosovo taking the consolidated count to 27 plants and approximately 1,131.75 MW. The company generates roughly 4 billion kWh of electricity per year, equivalent to the consumption of about 1.8 million Turkish households, and operates under the GÜRİŞ Holding umbrella (Yamantürk family, founded 1958), which provides EPC, construction machinery, steel, mining, and other industrial backing.

Commercially, MOGAN sells wholesale electricity generation output to the Turkish national grid through Energy Exchange Istanbul (EPIAŞ) and bilateral contracts under regulated market mechanisms, operating as a B2B independent power producer (IPP) targeting utilities and industrial offtakers rather than retail consumers. MOGAN achieved Turkey's first geothermal electricity production and is publicly listed on Borsa İstanbul following an IPO with the ticker MOGAN; its shares are held partly by the Yamantürk family through GÜRİŞ Holding and partly via public float, with capital of 2,440,108,000 TL committed and paid-in. The most recent addition is the Kocatepe Hybrid Solar Power Plant (32.49 MW, Afyonkarahisar), commissioned on 15 January 2024 at a cost of approximately USD 17.7 million financed entirely from internal resources.

The company's go-to-market is enterprise field sales to institutional offtakers paired with investor-relations targeting of public capital markets, and its principal marketing channels are the company's IR section, social media (LinkedIn, X, Facebook, Instagram, YouTube), and broadcast appearances by Chairman Tarık Aygün on Bloomberg HT, EKOTÜRK, A Para, and Habertürk. Pricing is determined by Turkish electricity market rates through EPIAŞ and is not publicly disclosed on the company website; revenue figures are also not disclosed in the source corpus.

Name

MOGAN HOLDING (MOGAN ENERJI YATIRIM HOLDING)

Legal name

MOGAN ENERJİ YATIRIM HOLDİNG A.Ş.

Website

https://mogan.com.tr

Company type

Public

Founded year

1958

Operating status

Operating

Headcount range

11–50 employees

Short description

MOGAN Enerji Yatırım Holding is a Turkish publicly listed renewable energy investment holding operating 19 domestic green energy plants (wind, geothermal, hydroelectric, solar) totaling 1,058 MW of installed capacity and roughly 4 billion kWh of annual generation, selling wholesale electricity to the Turkish national grid via EPIAŞ under the GÜRİŞ Holding umbrella.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115), Geothermal Electric Power Generation (221116), Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114)

SIC

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

akta.pro primary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

akta.pro secondary industries

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy generation
• Wind power plants
• Geothermal power plants
• Hydroelectric power production
• Solar power plants

Headquarters

HQ city

Gölbaşı, Ankara

HQ country

Türkiye

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sales: MOGAN Energy generates electricity from wind, geothermal, hydroelectric, and solar power plants and sells it to the grid through Turkey's energy market, operating 27 green energy plants with total installed capacity of 1,131.75 MW (domestic) and international assets in Ukraine and Kosovo.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

MOGAN Enerji Yatırım Holding A.Ş. is a publicly listed Turkish renewable energy holding company that generates electricity from 27 green energy power plants across wind, geothermal, hydro, and solar technologies, with a total installed capacity of 1,058.01 MW domestically (1,131.75 MW including international assets in Ukraine and Kosovo). The company sells the generated electricity to Turkey's national grid through EPIAŞ market mechanisms and to international grids in Ukraine and Kosovo, producing approximately 4 billion kWh annually to meet the needs of 1.8 million households.

Product overview

MOGAN Enerji Yatırım Holding A.Ş. is Turkey's leading renewable energy investment company operating under the GÜRİŞ Holding group. The company's core offering is a diversified portfolio of green energy power plants spanning four renewable energy modalities: Wind Power Plants (RES) — 9 facilities totaling 684.25 MW; Geothermal Power Plants (JES) — 5 facilities totaling 259.90 MW; Hydroelectric Power Plants (HES) — 4 facilities totaling 81.37 MW; and Solar Power Plants (GES) — 1 hybrid facility totaling 32.49 MW. Together, these 19 operational green energy plants deliver a total installed capacity of 1,058.01 MW, generating approximately 4 billion kWh of electricity annually — sufficient to power 1.8 million households. The company has been investing in renewable energy since 2000 and claims to have achieved Turkey's first geothermal electricity production. The Kocatepe Hybrid Solar Power Plant (32.5 MW) is the most recent addition, commissioned in January 2024, financed entirely from the company's own resources at a cost of approximately USD 17.7 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Power Plants (RES) Wind energy power plants generating electricity from wind resources. The portfolio includes nine wind farms across Turkey with a combined installed capacity of 684.25 MW: Belen RES (48 MW, Hatay), Albay Çiğiltepe RES (200.25 MW, Afyonkarahisar), Kocatepe RES (100 MW, Afyonkarahisar), Şenköy RES (36 MW, Hatay), Seyit Onbaşı RES (10 MW, Çanakkale), Ulu RES (120.4 MW, Bursa), Fatma RES (80 MW, Muğla), Kanije RES (64 MW, Edirne/Tekirdağ), and Zeliha RES (25.6 MW, Kırklareli).
• Geothermal Power Plants (JES) Geothermal energy power plants generating electricity from geothermal resources. The portfolio includes five geothermal facilities with a combined installed capacity of 259.90 MW: Galip Hoca JES (47.4 MW, Aydın, operational 2009), Efeler JES (114.9 MW, Aydın, 4 units operational 2014-2015), EFE 6 JES (22.6 MW, Aydın, operational 2017), EFE 7 JES (25 MW, Aydın, operational 2018), and EFE 8 JES (50 MW, Aydın, two units operational 2020-2021). The Galip Hoca and Efeler geothermal power plants are considered among Turkey's most efficient geothermal installations.
• Hydroelectric Power Plants (HES) Hydroelectric power plants generating electricity from water flow. The portfolio includes four hydroelectric facilities with a combined installed capacity of 81.37 MW: Arpa HES (32.919 MW, Artvin, operational 2012), Çermikler HES (25.78 MW, Sivas, operational 2013), Çeşmebaşı HES (8.6 MW, Ankara, operational 2011), and Espiye HES (14.07 MW, Giresun, operational 2012).
• Solar Power Plants (GES) Solar energy power plants generating electricity from solar photovoltaic panels. The portfolio includes the Kocatepe Hybrid Solar Power Plant (32.4945 MW, Afyonkarahisar, commissioned 15.01.2024) with a combined installed capacity of 32.49 MW, producing approximately 53 million kWh annually.

Quantifiable outcome

• 4 billion kWh annual electricity generation, meeting the needs of 1.8 million households
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• YENADER (Yenilenebilir Enerji Derneği / Renewable Energy Association)coreOthersAli Karaduman, CEO of MOGAN Energy Investments, serves as President of YENADER, the Renewable Energy Association. Through this role, MOGAN actively participates in industry advocacy, policy development discussions, and positioning Turkey's renewable energy sector in European and global rankings.
• AS Bağımsız Denetim ve Yeminli Mali Müşavirlik A.Ş.coreOthersAS Bağımsız Denetim ve Yeminli Mali Müşavirlik A.Ş. serves as MOGAN Enerji's independent auditor, providing financial statement audits and regulatory compliance services. Registered address in Şişli, Istanbul.
• Furukawa (Japan)minorStrategic or Co-development PartnerGÜRİŞ İş Makineleri Endüstri A.Ş. entered into an agreement with Japanese company Furukawa for hydraulic crawler drills and rock breakers. The partnership made GÜRİŞ one of Furukawa's most important worldwide solution partners in this field.
• ARB Albaniya RES - Project Development AgreementminorStrategic or Co-development PartnerMOGAN Enerji signed an Albania RES (Wind Power Plant) project development agreement, disclosed through KAP regulatory filings in 2023. This represents a new international expansion project in Albania.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sanko Enerji: Turkish diversified energy producer with renewable (wind, hydro, solar) and conventional assets. Comparable to MOGAN as a domestic multi-technology IPP selling into the Turkish grid.
• Enerjisa Üretim: Turkey's largest listed independent power producer with hydro, wind, and solar capacity. Directly comparable to MOGAN on grid-scale renewable generation, offtake structure, and listed equity access, though larger in scale.
• Zorlu Enerji: Turkish listed renewable IPP operating wind, geothermal, hydro, and solar capacity with multi-GW scale and international presence. Closely comparable to MOGAN across technology mix, Turkish grid offtake model, and listed status on Borsa İstanbul.
• IC İçtaş Enerji: Turkish renewables and infrastructure developer backed by a construction holding (IC Holding), comparable to MOGAN's GÜRİŞ Holding-anchored model of combining EPC capability with renewable asset ownership and operating.
• Aksa Enerji: Turkish listed independent power producer with diversified generation (natural gas, wind, hydro, solar) selling to EPIAŞ and industrial customers. Directly comparable to MOGAN as a domestic generation peer operating multiple renewable and conventional technologies.
• Kalyon Enerji: Turkish renewable energy developer with YEKA wind and solar projects plus EPC integration. Comparable to MOGAN's GÜRİŞ-backed vertical integration of EPC and renewable asset ownership.
• Galata Wind Enerji: Pure-play Turkish wind IPP listed on Borsa İstanbul with operating wind farms and YEKA portfolio. Closely comparable as a Turkish onshore-wind-focused renewable peer, though smaller scale and narrower technology mix than MOGAN.

Broad incumbents

• Enel Green Power: Global renewable IPP with diversified wind, solar, geothermal, and hydro assets and emerging-markets presence. Comparable to MOGAN on multi-technology renewable generation and international expansion, though at materially larger scale.
• Iberdrola: Global renewable energy leader with wind, hydro, solar, and storage across Europe, the Americas, and Australia. Relevant as a benchmark for international renewable IPP scaling and capital-markets execution beyond MOGAN's current Turkey-centric footprint.

Emerging players

• ACWA Power: Middle East/Turkey-region power and desal developer with renewables and IPP experience. Comparable to MOGAN on emerging-market renewable IPP execution and project-development capabilities in non-OECD geographies including Turkey and the Balkans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/moganholding
• Facebookfacebook.com/moganholding
• LinkedInlinkedin.com/company/moganholding
• Instagraminstagram.com/moganholding

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries13 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 MOGAN HOLDING (MOGAN ENERJI YATIRIM HOLDING)