NEWSROOM

While the world's resources are rapidly depleting, investments in renewable energy have gained momentum. While solar energy led these investments, KIM Market took its place among those who made SPP investments. The company, which plans to produce 9.000.000 kWh of electricity with an investment of close to 5 million dollars, plans to reflect the financial benefit to its shelves at more affordable prices.

TURKEY - “Earth Overshoot Day”, defined as the day when humanity’s annual demand on nature exceeds what the Earth can regenerate in a year, fell in September 1997, and reached its earliest date ever on August 2nd 2002. As the world’s limited resources are rapidly depleting, everyone turned their attention to renewable energy sources. Solar energy comes first among these sources, and last year, Turkey’s solar power growth exceeded public forecasts. In 2022, the total installed capacity of electricity generation plants in Turkey based on primary sources showed a net increase of nearly 4 GW, and according to data from Türkiye Elektrik İletim A.Ş., solar energy investments took the largest share with 1,609.8 MW, surpassing the estimates in public investment plans.

KIM Market, which went public in September 2021 and started to be traded on the stock market, decided to invest in the Solar Power Plant (GES) project to make its production, supply and sales processes more sustainable. Ercan Ersan, General Manager of KIM Market and Member of the Board of Directors, said, “Our application to establish a 5,000 kWh Solar Power Plant (GES) in Demirci district of Manisa in order to meet our energy needs and reduce our energy costs have been accepted. As KIM Market, we prefer renewable energy sources for a cleaner and more sustainable world.”

9.000.000 kWh electricity production target with an investment of 5 million dollars

Foreseeing the cost of the investment as 4,920,000 USD, KIM Market will use 70% long-term loans for the financing of the SPP, while it will benefit from its own resources for 30%. The electricity to be produced through the SPP, which is planned to be operational by July, will be delivered to the grid via the interconnected system. All works and transactions will be carried out with the settlement method within the scope of the Regulation on Unlicensed Electricity Production in the Electricity Market dated 12.05.2019 and numbered 30772. When the SPP becomes operational, it is expected to produce an average of 9.000.000 kWh of electrical energy and to meet 45% of the total electricity consumption of all branches, according to the calculation made according to 2022 consumption data.

Infrastructural work of the project started

Ercan Ersan, who said that they used a total of 65 million TL loan with 36-month maturity for the SPP investment, pointed out that the infrastructure works of the project have started and concluded his words as follows: “We will reflect the financial benefit we will provide by meeting our energy needs with environmentally friendly renewable energy sources, as more affordable prices in our branches with an area of more than 75 thousand square meters. We look at the SPP investment as a start, and we are already heralded to the public that we will take many more steps toward sustainability.”