Akfen Renewable Energy

Akfen Yenilenebilir Enerji A.S. is a renewable energy producer that is part of Akfen Holding. At the beginning of 2023, the holding company bought out the stakes held by international financial institutions, simplifying the ownership structure. Its shares trade on Borsa Istanbul under the ticker AKFYE; AKFYE stock represents a diversified portfolio of renewable power plants.

The company's portfolio includes hydroelectric power plants, solar power plants, wind farms and hybrid solar projects. A significant share of the plants has been commissioned in recent years. The company sells the electricity it generates through support mechanisms and on the free market, and also carries out energy trading. The hybrid projects add solar panels to existing plant sites to make more efficient use of grid connections.

For renewable energy companies, investors watch wind and precipitation conditions, the dollar-based structure and duration of YEKDEM (Turkey's renewable energy support mechanism) prices, market clearing prices in the electricity market, and licensing and financing processes for new projects. On Lzzo.com, AKFYE has a price history chart and summaries of technical indicators.