ÇİMKO issues $44.9m green bonds for low-carbon economy

ÇİMKO raises $44.9m in green bonds as part of low-carbon transition

ÇİMKO, a SANKO Holding subsidiary, has completed a $44.9 million bond issuance, bringing its total 2030-maturity bond programme to $389.9 million.

High-rise building covered in green plants

Published

2 Sept 2026

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SKD Türkiye

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2 min

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IN BRIEF

ÇİMKO, a SANKO Holding subsidiary, has completed a $44.9 million bond issuance, bringing its total 2030-maturity bond programme to $389.9 million. The financing step supports the company's transition strategy towards a low-carbon economy and renewable energy integration in industrial processes.

$44.9m additional bond issuance completed; total programme now $389.9m
Solar thermal system at MMG facility cuts 3,000 tonnes CO₂ annually
Investment recovers in 2.5 years through natural gas savings
Hybrid photovoltaic and solar thermal system powers industrial processes

What happened

ÇİMKO, a subsidiary of SANKO Holding, issued $44.9 million in additional bonds in international markets. This brings the total size of its 2030-maturity bond programme to $389.9 million. The issuance is part of the company's strategy to transition to a low-carbon economy.

ÇİMKO marked the financing milestone with a Greenpoint event in Tire, Izmir, where it showcased industrial renewable energy applications. Presentations covered high-temperature solar thermal integration, hybrid system architecture, project development, investment challenges, financing models, return on investment and operational gains. EkoRE's Chief Executive and the head of Soliterm Group contributed to the knowledge-sharing session, followed by on-site inspection of a system installed at an MMG facility.

Why it matters

The event demonstrated that renewable energy can address high-temperature industrial processes, not just electricity generation. Industrial facilities across Türkiye face pressure to reduce emissions and energy costs as part of broader sustainability commitments and regulatory requirements.

ÇİMKO's bond programme finances concrete decarbonisation projects. The MMG installation exemplifies how manufacturers can cut fossil fuel dependency and carbon footprint simultaneously while improving financial returns on capital.

Background

The MMG facility operates a parabolic trough solar thermal system with 10,000 square metres of solar collection area, 500 parabolic collectors and 3.5 megawatts thermal peak capacity. It generates heat at 180–190°C for direct supply to industrial processes. The hybrid system combines photovoltaic and solar thermal technology: the thermal output powers absorption cooling systems in summer and heating processes in winter. Since 2022, the installation has prevented approximately 12,000 tonnes of CO₂ emissions. The system achieves an estimated annual reduction of 3,000 tonnes of CO₂. The plant has been identified as one of Europe's largest solar-powered cooling facilities and serves as a reference for sustainable industrial energy solutions.

What's next

ÇİMKO's bond programme extends to 2030, aligning with Türkiye's and the EU's decarbonisation timelines. The financing model targets similar industrial retrofit projects where natural gas savings justify investment recovery within 2.5 years.

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