Cakmak has advised Turcas Petrol on the sale of its Kuyucak geothermal power plant to Albioma. Tunc Firat Dereli advised the buyer.
Turcas Petrol is an oil and energy-focused investment company, focusing on fuel retail and lubricants, conventional energy, and renewable energy.
Established in Overseas France, Mauritius, and Brazil, the Albioma Group is a renewable energy producer, including biomass, photovoltaics, and geothermal energy.
"We are pleased to bring forward confidence in the economic potential of our country, to bring long-term and direct foreign capital investment to Turkey, and to transform our country's geothermal energy resources," Turcas Petrol announced.
The Cakmak team was led by Partners Naz Bandik Hatipoglu and Gulsen Engin and included Associate Mert Bolukoglu.
The Tunc Firat Dereli team consisted of Partner Zeynel Tunc, Senior Associate Bengu Coskun, and Associates Melih Kara and Delal Ozvaris.