Calik Enerji Swiss signs agreement with Swiss export credit agency SERV Swiss Export Risk Insurance to support renewable energy projects globally.
Swiss Export Risk Insurance SERV, Switzerland’s export credit agency, and Calik Enerji Swiss AG (“Calik Swiss”), one of the subsidiaries of Calik Enerji capable of executing infrastructure projects globally, signed a Memorandum of Cooperation to increase their cooperation on renewable energy projects in emerging and developing markets.
This agreement will strengthen cooperation between the two institutions to promote Swiss exporters access to renewable energy projects globally and encourage further trade between Switzerland and target countries of Calik Swiss.
The agreement between SERV and Calik Swiss aims to increase Swiss exporters access to renewable energy projects and support customers of Calik Swiss looking to invest in and accelerate energy transition. Through the joint agreement and within the scope of its legal mandate, SERV shall consider mobilizing diversified and competitive financing through insurances and guarantees to enable energy projects across emerging markets to decarbonize the electricity sector and increase electrification.
About Calik Enerji Swiss AG
www.calikenerjiswiss.com
Calik Enerji Swiss AG, based in Lucerne, Switzerland, is one of the subsidiaries of Calik Enerji, capable of executing energy and infrastructure projects globally and aims to further expand long-term collaborations with Swiss exporters and facilitate their integration into its procurement network. Calik Enerji, based in Istanbul, Türkiye, is a leading diversified energy company engaged in EPC, electricity distribution & retail and renewable energy generation investment businesses across Türkiye, Central Asia, Middle East, Africa, and Eastern Europe regions. Calik Enerji is ranked #25 globally in ENR’s 2022 Top International Contractors List for the power segment, and currently operates a renewable energy generation portfolio of 140 MW, projected to increase to 1,050 MW by 2030.
About SERV
www.serv-ch.com
Swiss Export Risk Insurance (SERV) insures political and commercial risks involved in exporting goods and services. Its insurances and guarantees protect Swiss exporters from non-payment and facilitate export financing by helping borrowers to obtain better financing solutions or even access to international financing. SERV is therefore not only an insurer of last resort but also a trade facilitator. As an institution under public law, SERV insures exports that private insurers do not cover sufficiently or not at all. Its products are available to every company domiciled in Switzerland and there are no minimum order volumes required.
