IC Enterra Yenilenebilir Enerji A.S.
ENTRA.IS
Istanbul Stock Exchange4.56
TRY
-0.02
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IC Enterra Yenilenebilir Enerji A.S.
ENTRA.IS
(Istanbul Stock Exchange)
Recent
price
4.56
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ratio
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div
yld
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ROIC.AI
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- Business
- IC Enterra Yenilenebilir Enerji A.S. is a renewable energy company based in Ankara, Turkey, primarily engaged in the production of electricity through hydroelectric and solar power plants. The company operates approximately nine hydroelectric power plants and two solar power plants across Turkey, with a total installed capacity exceeding 590 MW. Its main products and services include electricity generation from renewable sources, operation and leasing of renewable energy plants, electricity trading, and engineering and construction of power plants. IC Enterra serves primarily the Turkish energy market and is a subsidiary of IC Holding, leveraging over 25 years of experience in the energy sector. Recent major developments include the completion of all preliminary licensing processes for 485 MW of storage-enabled solar and wind power projects, with investments focusing on eight projects including a 55 MW solar energy storage facility in Osmaniye. The company has actively expanded domestically with projects such as the 136 MWm Hatay Erzin-2 YEKA solar power plant and the 61 MWm Bağıştaş hybrid solar plant. Internationally, IC Enterra furthered its expansion by acquiring 100% ownership of the Italian renewable energy company Eterna Green S.r.l., marking a strategic move into the European renewable energy market. The company aims to triple its energy capacity by 2030, targeting a licensed project portfolio of around 1,200 MW through ongoing investments in solar, wind, and hybrid renewable energy projects. These efforts underscore IC Enterra's strategic focus on sustainability, growth through diversification, and territorial expansion beyond Turkey. Founded in 1998, IC Enterra is part of the IC İÇTAŞ Group and maintains its headquarters in Ankara. It operates within the utilities sector with a focus on renewable electricity production, contributing significantly to Turkey’s renewable energy capacity and aiming for continuous growth in line with global sustainability trends. The company’s employee base is around 181, and it is publicly traded on the Istanbul Stock Exchange under the ticker ENTRA.