IC Enterra Renewable Energy, operating with the 25 years of expertise in the energy sector of IC Holding, a world brand with more than half a century of experience and international achievements, meets its investors at Borsa Istanbul (BIST) following the approval of the Capital Markets Board (CMB). Demands will be collected on March 27-28-29 in the public offering to be held through the consortium formed under the leadership of Ak Yatırım Menkul Değerler, İş Yatırım Menkul Değerler and Ziraat Yatırım Menkul Değerler.
The public offering size of IC Enterra Renewable Energy, whose public offering price was determined as 10,00 TL, is approximately 3,7 billion TL; The free float rate is expected to be 20,03 percent. After the public offering, the shares will be traded on Borsa Istanbul's Yıldız Market under the code ENTRA.
“WE PRESENT INVESTORS WITH A 388 MW HEPP PORTFOLIO”
Contributing to Turkey's energy demand with its investments in domestic and renewable energy resources, IC Enterra Renewable Energy aims to expand its production portfolio and provide resource diversity with new investments in addition to its existing hydroelectric power plants. IC Enterra Renewable Energy General Manager Taşkın Kızılokstated that they presented investors with 388 HEPPs with a total installed power of 2023 MW and a total electricity production of 1 billion 200 million kWh in 9.
“WE ARE PLANNING TO INCREASE OUR INSTALLED CAPACITY”
General Manager Kızılok said, “We will meet the annual energy needs of approximately 9 thousand residences by the end of 2023 with our 935 hydroelectric power plants that continue to produce with high efficiency. In addition to our existing HEPPs in Trabzon, Erzincan, Tokat, Mersin and Giresun, we also have projects for wind and solar power plants and storage. In the coming period, the 136 MWm capacity Erzin-2 YEKA SPP, whose investment is ongoing, and the 61 MWm Bagistaş SPP, whose permit processes are ongoing. We are focused on our hybrid SPP projects. Our associate degree studies for storage RES and SPP, which are also important renewable energy sources, continue.
"As IC Enterra Renewable Energy, we are ready to lead the energy transformation in Turkey and in the global arena and to carry our experience beyond the borders of the country."
MAJOR PART OF THE PROCEEDS FROM THE PUBLIC OFFERING WILL BE USED FOR NEW INVESTMENTS
IC Enterra Renewable Energy, which has developed its investment strategy by focusing on renewable energy resources, will contribute to Turkey's goals of reducing its external dependence on energy with new investments. Kızılok also pointed out the importance of renewable energy in supply security and said:
“In 2023, our net electricity production was at the level of 1 billion 200 million kWh. The income we earned from electricity sales reached 2023 billion TL in 2,9. With 9 HEPPs operating in three different regions of Turkey, we have a rich portfolio both geographically and in terms of power plant diversity. Our 2021-2023 EBITDA compound annual growth rate has reached 29,7 percent. Our aim is to create employment and support the country's economy while responding to our country's energy demand by using a significant portion of the proceeds from the public offering in new investments. “With the public offering, we invite our investors to become partners in sustainable growth and a sustainable future.”
LEGAL WARNING:
CMB or the Stock Exchange does not have any discretion or approval in determining the public offering price. Prospectus and Sales Announcement to Savers, containing information about the company and the public offering; Public Disclosure Platform (www.kap.org.tr), IC Enterra Yenielektrik Enerji A.Ş. (www.icenterra.com.tr), Ak Yatırım Menkul Değerler A.Ş. (www.akyatirim.com.tr), İş Yatırım Menkul Değerler A.Ş. (www.isyatirim.com.tr) and Ziraat Yatırım Menkul Değerler A.Ş. (www.ziraatyatirim.com.tr) published on their website. Investors are required to make their investment decisions by reviewing the approved Prospectus and Sales Announcement to Savers published at the specified addresses.
