- LCF KULOĞLU |
- info@lcf-kuloglu.com
ABOUT US
LCF KULOĞLU is the #1 ranked Project Developer in Türkiye
LCF KULOĞLU offers best-in class services for Renewable Energy Projects
- Project Development
- Investor's Engineering, Operations & Maintenance
- Asset Management
LCF KULOĞLU INVESTING FOR A “LOW CARBON FUTURE”
LCF KULOĞLU NEW ENERGY INVESTMENTS A.Ş. is a development, investment, and engineering company.We aim to develop a scalable, technology-enabled Türkiye-EU Biomethane and BioLNG platform that converts locally sourced organic residues and agricultural by-products into certified low-carbon energy.
OUR STORY
In June 2008, after reading an article (The Economics of Solar Power) written by his former McKinsey & Co. colleagues, Cenap Kuloğlu made a life decision to focus on the solar business.
Bernhard Beck, together with his partners and Cenap Kuloğlu started working together in early 2009 in Turkey based on a handshake in September 2008. Bernhard's team and Cenap worked out the J.V. agreement, signed in August 2009.
Based on the J.V. agreement, Bernhard and his partners at Beck Energy (later renamed BELECTRİC) founded two J.V. Companies with Cenap on a 50:50 shareholding – and joint decision - making structure - basis: BELECTRİC KULOĞLU SPP TECHNOLOGY A.Ş.(Focus: Project Development, System Integration – and O&M-works) and CLİMAGY KULOĞLU SPP INVESTMENTS A.Ş. (Focus: Equity investments in obtaining licenses).
Building on Cenap’s vision of a joint business model with leading Turkish business families and groups, Cenap and Bernhard initially established two joint-venture companies with two Turkish groups. BELECTRIC KULOĞLU developed the solar projects that participated in the tenders. These two J.V. companies (GÜN GÜNEŞ Van, Antalya and RA GÜNEŞ Mardin) were awarded three projects of 77,4 MWac (14,2 % of the tendered capacity) in the First Licensing Round, thus ranked #1. On the top, committed 320 k USD/MW less a grid connection capacity fee than the next four competitors, a.o. First Solar, Akfen. As a result the two J.V. companies (GÜN GÜNEŞ and RA GÜNEŞ) saved 25 mn USD vis a vis the next four competitors!
The successful results attracted both Fortum and SunPower to partner with us to develop utility scale projects to participate in tenders.
The former CLİMAGY KULOĞLU SPP İNVESTMENTS A.Ş. is now renamed: LCF KULOĞLU NEW ENERGY INVESTMENTS A.Ş.
LCF KULOĞLU NEW ENERGY INVESTMENTS is developing a scalable renewable-gas platform that converts locally sourced organic residues and agricultural by-products into biomethane and BioLNG. The platform is designed to combine physical project development with carbon intelligence, certification-grade data and digital operating capabilities.