Aydem Renewable Energy is preparing for ₺1 Billion public offering

The book-building process in the public offering of Aydem Renewable Energy Inc. will start on Monday, April 19th and end on Thursday, April 22nd. In the public offering, where the price range per share is determined as ₺8.50-9.90 and will be realized by proportional distribution method, an income of ₺1 billion is targeted. The public offering in question stands out as the biggest public offering of the last 3 years.

Aydem Renewable Energy held an online press conference with the participation of Aydem Energy CEO and Aydem Renewable Energy Board Chairman Idris Kupeli, Aydem Energy CFO and Aydem Renewable Energy Board Member Galip Aykose and Aydem Renewable Energy General Manager Omer Fatih Keha in order to provide information about the public offering process.

Idris Kupeli, who evaluated the public offering process of Aydem Renewable Energy, Aydem Energy’s subsidiary operating in the renewable field, said:


“As Aydem Energy Family, we are in a proud and happy process. The public offering of Aydem Renewable Energy, Turkey’s largest company producing 100% renewable resources, is of great importance for both our company and our country. We expect an income of ₺1 billion from this transaction, which will be the biggest public offering of the last 3 years. Aydem Renewable Energy has a licensed annual production capacity of 3.2 TWh, with an installed power of 1.020 MW in 25 young and modern renewable energy plants spread throughout Turkey. The public offering of our company focuses only on renewable resources and manufactures with an environmentally friendly approach, and for investors, it means an attractive investment opportunity focused on growth and return for wind, solar and hydroelectric investment opportunities.


“In addition, the fact that 89% of our company’s income is indexed to dollars ensures that our operations are minimally affected by fluctuations in the markets, while the diversity in the geographical distribution of our power plants ensures sustainable and available production regardless of climate and seasonal conditions. With these features, Aydem Renewable Energy constitutes a safe haven for our potential investors. We are in a process where investment appetite is re-formed. In connection with global trends and the economic needs of Turkey, production with renewable resources is even more important and promising. Accordingly, we think we are in a suitable period for public offering. The price range per share in our public offering was determined as ₺8.50-9.90. The size of the public offering will be in the range of ₺1.1 billion-₺1.3 billion with the sale of additional shares, and the free float rate will be 18.44% with the sale of additional shares.”


Stating that they focused on hybrid projects in addition to the public offering in 2021, Kupeli said, “As Aydem Renewable Energy, we take a pioneering role in revealing Turkey’s high potential in renewable energy. As the company that realized the first private sector hydroelectric power plant in Turkey, we will take pioneering steps in hybrid power plants this year. In hybrid power plants, where we have completed a significant part of the investments, we will reduce the impact of seasonal conditions to a minimum by producing from SPP when rainfall is low and from HEPP when the sunlight is low. In this way, we will ensure that the capacities of our existing power plants are used more efficiently and their electricity production increases. Our goal is to reach 2,000 MW levels by doubling the power of our portfolio within 5 years. The compound annual growth rate of 20% that our company has shown in the last 13 years proves how accessible our 5-year target is for us. We see Turkey’s future as the future of renewable energy. In this direction, we will continue to produce renewable energy.”


Stating that sustainability is the focus of company activities and that they are among the signatories of the United Nations Global Compact in Turkey, Kupeli said, “With the importance we attach to sustainability and operational excellence, we have been selected as the electricity industry leader in Turkey by independent rating companies (Vigeo Eiris/Moody’s) in the Environmental-Social-Governance (ESG) performance ranking. According to the same evaluation, we were the second among 51 companies in the international emerging markets segment. We rank among the top globally with our score. Again, with this approach, we are conducting an intensive work program to zero our carbon footprint. We determined our greenhouse gas inventory, that is our carbon footprint, resulting from our 2018-2020 activities for all our facilities. In our headquarters and 25 renewable power plants spread across Turkey, we effectively manage our waste and ensure its recycling. All of our active power plants have a Zero Waste Certificate.”

Referring to the fact that digital transformation is one of the main agendas of the company, Kupeli said that they invested $2.8 million in innovation projects between 2017-2020, 66% of this amount was allocated to technical innovations to increase the efficiency of energy generation facilities and that they were one of the leading companies in robotic process automation.

Source: NTV / Translated by Irem Yildiz

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