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Kartal Enerji (Turkiye)

Main Activities: Electric Power Generation, Transmission and Distribution | Solar Electric Power Generation | Electric Power Distribution
Full name: Kartal Yenilenebilir Enerji Uretim A.S. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Kartal Yenilenebilir Enerji Uretim A.S. is a company located in Istanbul, Turkey. The company's main activity is the production of electricity from solar power plants and the sale of the generated electricity to distribution companies under the Renewable Energy Resources Support Mechanism (YEKDEM). The company operates through its five subsidiaries, which own solar power plants and engage in electricity production. The electricity produced is sold to distribution companies in accordance with energy market regulations. Kartal Enerji has recently relocated its headquarters from Bayraklı district in Izmir to Beşiktaş district in Istanbul, as decided in a general assembly meeting held on March 5, 2021, and registered on March 9, 2021. The company operates 52 unlicensed solar power plants with a total installed capacity of 53,414.33 kWp in Manisa, Denizli, Aksaray, Sivas, Ankara, Antalya, and Konya provinces. These power plants operate under the YEKDEM scheme, providing a purchase guarantee and fixed prices for the electricity produced and sold by Kartal Enerji.

Headquarters
Levent District, Comert Street Yapi Kredi Plaza Site B Block No:1B, Inner Door No: 20 Floor :7, Besiktas
Istanbul; Marmara; Postal Code: 34330

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Basic Information
Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 26, 2014
Key Executives
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Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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40.27%
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28.82%
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20%
Subsidiaries
Agrolive Att. Tas. San. Ve Tic
Alsun Isletme Ve Yonetim A.S
Anilin-E Prodok. Yay. Tic.A.S
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net sales revenue
46.08%
Total operating revenue
46.99%
Operating profit (EBIT)
-51.03%
EBITDA
-17.42%
Net Profit (Loss) for the Period
-96.01%
Total assets
50.54%
Total equity
57.88%
Operating Profit Margin (ROS)
-34.49%
Net Profit Margin
-63.13%
Return on Equity (ROE)
-8.25%
Debt to Equity Ratio
-4.87%
Quick Ratio
-0.4%
Cash Ratio
-0.44%

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