Turkey:

Public Finance and Private Exploration in Geothermal: Gümüşköy Case Study, Turkey (Climate Policy Initiative)

The 13.2 MW project developed by BM Holding, a Turkish infrastructure company, was commissioned in 2013. 

This case study analyses the Gümüsköy Geothermal Power Plant (GPP) to help policymakers and donors understand which financing instruments and public private financing packages can enable fast and cost-effective deployment of geothermal energy. It is one of a series of studies carried out on behalf of the Climate Investment Funds (CIF) looking at the role of public finance in driving geothermal deployment.

The Gümüşköy GPP is the first case where the private sector financed exploration of an unproven field in Turkey.

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