Company
Our Story
2013
Citus Power was founded in 2013 as a small project development Office based in Istanbul, with the sole purpose of developing wind projects in Turkey’s flourishing renewable energy sector.
2015
Our first round of wind projects was about 230MW in total for which our team provided site selection, wind mast erection, wind measurements, wind energy yield assessments, construction project pre-studies and license application to the energy regulatory board. Our projects were acquired in 2015 still under development by Acwa Power, one of the leading energy companies globally.
2015-2016
In 2015 we entered the solar PV industry by developing our first 9MW project for which we managed the whole development process (all technical studies, permits, connection agreements etc.) and acted as EPC to construct the project which became operational in 2016. As one of the early players in solar PV in Turkey, the project was the 6th largest ground-mounted project in Turkey at the time.
2016-2020
We operated the plant for 4 years and exited the investment to another investor in 2020. Throughout this period we started offering ground-mounted solar PV specific offerings to other solar investors which included O&M (operation and maintenance), asset management, technical site audits, buy-side advisory, financial advisory.
2018
In 2018, we started providing technical advisory, design and engineering services to rooftop solar PV customers.
2019
In 2019, with the continued decrease in energy storage prices, we decided to expand the team into solar PV + storage microgrids.
Today
Today, Citus Power is a leading company with a unique leadership and team which combines financial and technical expertise offering its customers various services including engineering and design, EPC, financial advisory, project development. We continue carry our main identity of project developer and investor.
Explore our Solar & Storage Solutions and Services with more details so we can start working together.
Our Activities
Citus Power’s fundamental activity is project development and investment. This identity provides us our unique advantage in engineering and financial offers for renewable energy projects.
We develop and invest in our own renewable energy projects. We specialize in solar PV applications (ground-mounted and rooftop), energy storage, microgrids which combine any or all of solar PV, storage, generators, electric grid. We offer our clients solar PV solutions, engineering and financial advisory, EPC and EPCM services.
Explore our Solar & Storage Solutions and Services with more details so we can start working together.
Our Founder
Our founder is Mr. Ahmet Gül, a renewable energy professional with engineering and finance background. After graduating from Bilkent University with a BSc in Industrial Engineering, he started his career as an investment banking analyst at Merrill Lynch’s London office where he worked for 3 years. He later received his MBA degree from Stanford Graduate School of Business after which he remained in silicon valley and worked for Ebay North America’s finance team. In 2013 he moved back to Turkey and founded Citus Power. Mr Ahmet Gül still remains as CEO and continues to lead the company.
Group Companies
Geopol Investments is our investment vehicle through which we conduct our project development and investment activities.
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