Galata Wind, one of the leading names in Turkey's renewable energy sector, posted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of TRY 1,215 million at the end of the third quarter. This result was driven by fluctuations in energy prices and increased use of renewable energy sources. EBITDA margin showed that the company maintained its operational efficiency despite the fluctuations in the sector, while the pre-tax profit of the company was recorded as TRY 925 million in the same period. 

Commenting on the company's first 9-month financial results, Galata Wind CEO Burak Kuyan said: "In the current state of the Turkish electricity market, the importance of renewable energy emerges once again and more strongly. As Galata Wind committed during its IPO, we only invest in renewable energy. We are making valuable strides in achieving our goals. Although the increase in renewable energy generation across Turkey and inflationary developments in the economy have led to a slight decline in energy prices, we adapt quickly to market conditions thanks to our strong financial structure and liquidity management. With the financial performance we have achieved, we are taking important steps towards strengthening our long-term position by maintaining our competitive edge in the sector.  

In the first three quarters of 2024, total installed electricity capacity in Turkey increased by 8% to 114,144 MW. With this increase, the share of wind and solar energy in total capacity has also increased significantly. In order to balance the pressure of renewable energy sources on electricity prices and reduce costs, Galata Wind continues its innovative investments in the sector. Aiming to offer investors a secure and sustainable return in the long term, Galata Wind plans to reach 1000 MW by 2030. In line with Turkey's renewable energy targets until 2035, the company is constantly updating itself and increasing its competitiveness in the sector. With its clean energy for a clean future approach, it strives to grow and become a global player in the field of renewable energy with an environmentally friendly, reliable and sustainable business model.