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.
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.
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.
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.
In 2018, we started providing technical advisory, design and engineering services to rooftop solar PV customers.
In 2019, with the continued decrease in energy storage prices, we decided to expand the team into solar PV + storage microgrids.
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.