Skip to main content

Margün Energy Secures 505 MW Geothermal Licenses, Expands Renewable Frontier in Turkey

Magnum Energy  Expands into Geothermal, Securing Licenses for 505 MW Potential in Turkey



Published: November 5, 2025

Turkish renewable energy powerhouse Margün Energy is making a bold move into geothermal energy, acquiring nine geothermal licenses that could unlock a potential 505 MW of power production. This expansion aligns with the company’s broader ambitions in renewables and lithium extraction.

Listed on the Istanbul Stock Exchange since 2021, Margün Energy announced it will establish a subsidiary, Margün Jeotermal, to oversee its geothermal portfolio across the provinces of Denizli in southwestern Turkey and Manisa in the west. Through its fully-owned subsidiary Bosphorus Yenilenebilir Enerji, Margün Energy will hold a 77.5% stake in the new venture.

The company anticipates a total annual electricity output of 3.86 TWh, generating approximately USD 405 million in revenue, translating into USD 324 million in EBITDA.

Margün Energy is already a significant player in Turkey’s renewable sector, operating solar power plants and serving as a contractor for engineering, procurement, and construction (EPC) as well as operations and maintenance. It also holds the largest stake in Enda Energy Holding, which operates a mix of hydropower, wind, geothermal, and solar plants totaling 200 MW.

Beyond electricity production, Margün Energy is targeting lithium extraction from geothermal waters, starting with a 12 MW geothermal power plant in Seferihisar acquired earlier this year. Plans are underway to integrate a 5.4 MW photovoltaic unit, creating a hybrid renewable energy facility.

Related: Margün Energy Taps Turkey’s Geothermal Potential for Lithium Extraction"

Turkey currently ranks fourth in the world for geothermal power capacity, and Margün Energy’s latest acquisitions are set to strengthen the country’s renewable energy landscape while opening avenues for innovative projects combining geothermal energy and lithium production.

Source:Instagram


Connect with us: LinkedIn, X


Labels:

Comments

Post a Comment

Popular posts

Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico

Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico A Game-Changer for AI, Clean Energy, and the Future By Robert Buluma – Alphaxioms Energy Blog In a bold move that signals the future of energy and technology convergence, XGS Energy and Meta Platforms, Inc. have announced a groundbreaking agreement to develop 150 megawatts (MW) of next-generation geothermal energy in New Mexico. This partnership not only promises to reshape the state's energy landscape but also underscores the growing demand for sustainable, round-the-clock power to fuel the age of artificial intelligence (AI) and data-driven economies. Clean Power Without Water – XGS’s Unique Edge At the heart of this partnership lies XGS Energy’s proprietary solid-state geothermal technology. Unlike traditional geothermal systems that rely heavily on water and specific geological conditions, XGS’s innovation enables electricity production from hot, dry rock  with zero operating water use. This water-inde...
Post a Comment
Read more

Global Geothermal Insights: An Exclusive Interview with Drilling Engineer Sam Abraham

Global Geothermal Insights: Interview with Sam Abraham the Geothermal Global Technical Advisor at  Halliburton This interview was done by  Robert Buluma on 5th of November 7:30 Am EST At   Alphaxioms , we are committed to uncovering the deeper truths behind geothermal energy , the drilling, the risks, the innovations, and the frontiers. Today we welcome Sam Abraham , a veteran drilling engineer whose global geothermal experience spans more than 25 years. From oil & gas beginnings to geothermal hotspots around the world, Sam shares his journey, insights, and advice for the next generation. Career Journey & Background Sam, could you tell us about your career path and what led you into geothermal drilling? I have a background in oil and gas — seven years since 1991. I served as a base manager in Jakarta for three years, and also worked a little in geothermal alongside oil & gas. In 2005 I moved to New Zealand, given its vast geothermal resources. Fro...
Post a Comment
Read more

New Zealand Assembles Global Experts to Lead Supercritical Geothermal Revolution

New Zealand Gears Up for Supercritical Geothermal Breakthrough By:  Robert Buluma New Zealand is taking a bold step into the future of renewable energy with its pioneering supercritical geothermal exploration project. The Government has announced an international review panel of leading geothermal experts to guide this groundbreaking initiative, signaling a major leap toward cleaner, more resilient energy. Global Expertise Joins Forces The panel will be chaired by Professor Roland N. Horne of , a globally recognized leader in earth science and engineering. Joining him are Dr. Omar Friðleifsson and well engineer Kristinn Ingason from the Iceland Deep Drilling Project, along with U.S. geochemist Dr. Darrell Gallup. Their combined expertise covers the full spectrum of geothermal science and engineering, ensuring that New Zealand’s supercritical geothermal ambitions are in capable hands. In addition to the international experts, a top-tier New Zealand technical team has been appointed...
Post a Comment
Read more

Iceland’s Geothermal Revolution: Bjarni Pálsson to Lead Strategic Task Force Shaping the Nation’s Energy Future

Iceland Charts a Bold Geothermal Future: Bjarni Pálsson to Lead the Nation’s Strategic Task Force By  Robert Buluma | October 30, 2025 Iceland — the land where fire meets ice — is once again positioning itself at the forefront of geothermal innovation. In a decisive move, Iceland’s Minister for Environment, Energy, and Climate , Jóhann Páll Jóhannsson, has launched a new strategic initiative to redefine how the country harnesses its powerful geothermal resources — not just as an energy source, but as a national tool for growth, equality, and global leadership. At the helm of this vision stands Bjarni Pálsson , the President of the International Geothermal Association (IGA) and Executive Director of Wind and Geothermal at Landsvirkjun , Iceland’s national power company. Pálsson will chair an expert task force charged with developing a forward-thinking roadmap for Iceland’s geothermal future — one that could once again set a global benchmark for sustainable energy. A Task Force of ...
Post a Comment
Read more

Kenya Powers Up: IFC Injects Ksh 6 Billion to Accelerate Menengai Geothermal Project

Kenya Secures Ksh 6 Billion IFC Loan to Accelerate Menengai Geothermal Project 🚀🌱 By:  Robert Buluma Kenya’s green energy future just received a significant boost!  The International Finance Corporation (IFC) is planning a Ksh 6 billion (~$40 million) loan to accelerate construction at the Menengai Geothermal Project near Nakuru, a cornerstone in the country’s renewable energy ambitions. This funding is earmarked for the construction phase of one of the 35MW Independent Power Producer (IPP) plants within the larger 105 MW Menengai geothermal complex. Once fully operational, the complex is expected to supply clean energy to nearly 500,000 households, a huge leap toward Kenya’s goal of 100% clean energy generation by 2030. Why This Matters for Construction and Development 1. Project Acceleration The IFC loan ensures that construction continues smoothly and rapidly, keeping Kenya on track to expand its baseload renewable energy capacity. 2. Energy Security Unlike solar or wind...
Post a Comment
Read more

Exergy Unveils the Gemini Turbine: A Giant Leap for Large-Scale Geothermal Power Generation

Exergy’s  Gemini Turbine: Redefining the Future of Large-Scale Geothermal Power By:  Robert Buluma In a bold leap forward for geothermal innovation, Exergy International has once again raised the bar with the unveiling of its groundbreaking Gemini Turbine — a next-generation powerhouse that delivers up to 60 MWe on a single shaft . Announced in Olgiate Olona, Italy , the Gemini marks a monumental evolution in Exergy’s proprietary Radial Outflow Turbine (ROT) technology, setting a new benchmark for efficiency, scalability, and cost-effectiveness in large-scale geothermal power generation . The Dual-Engine Revolution At the core of Gemini’s innovation is a reimagined turbine architecture that merges two turbines into one high-capacity unit . Its dual-inlet design allows working fluid to enter symmetrically from both sides, expanding radially outward through a central rotor disk equipped with mirrored rotor stages. This unique configuration achieves unmatched mechanical b...
Post a Comment
Read more

Washington State Digs Deep: Exploring Geothermal Energy for a Clean, Reliable Future

An Early Look at Geothermal Energy in Washington: Opportunities and Community Engagement By:  Robert Buluma Washington State  is exploring the untapped potential of geothermal energy, a clean and reliable power source derived from the natural heat within the Earth. Mountains such as Mt. St. Helens have been identified as areas with promising geothermal resources, which could support the state’s shift toward renewable energy and reduce greenhouse gas emissions. Although there are currently no geothermal projects underway in Washington, the state is taking proactive steps to assess the risks, benefits, and opportunities of geothermal development. A new collaborative process has been launched, aiming to involve communities, Tribes, and other interested parties in understanding and shaping the future of geothermal energy in the state. Focus on Three Key Areas The Washington Geological Survey, part of the Department of Natural Resources (DNR), has highlighted three regions with geo...
Post a Comment
Read more

Vinkovci’s Geothermal Breakthrough: Unlocking Croatia’s Clean Energy Future

Vinkovci Uncovers Massive Geothermal Potential: Studies and Documentation Underway By:  Robert Buluma Vinkovci, Croatia – November 3, 2025 Recent research at the Vinkovci GT-1 well has confirmed significant geothermal potential in the area, positioning Vinkovci as the third Croatian city—after Velika Gorica and Osijek—to record reservoir temperatures above 100°C. These findings continue a successful series of exploratory activities led by the  Croatian  Hydrocarbons Agency (Agencija za ugljikovodike) as part of the project “Preparation and Exploration of Geothermal Potential in the Context of Centralized Heating.” Energy of the Future Beneath Vinkovci Mayor Josip Romić expressed his excitement on social media, stating: "Research has confirmed what we believed from the start—Vinkovci and our region hold enormous geothermal potential. Beneath our feet lies the energy of the future, enabling us to reduce dependency on external factors and fluctuating energy prices. This is ...
Post a Comment
Read more

IGA and Giving Green Forge a New Path for Clean, Firm Energy

🌋 Global Geothermal Policy Takes Center Stage: IGA and Giving Green Forge a New Path for Clean, Firm Energy By:  Robert Buluma In a powerful step toward transforming the future of clean energy, the  International Geothermal Association (IGA) has partnered with  Giving Green to accelerate global geothermal policy and regulation. This collaboration marks a turning point for the geothermal sector — one that could redefine how nations approach firm, renewable power in the era of climate urgency. Policy Reform Meets Energy Innovation Backed by Giving Green’s strategic grant, the IGA will host two high-impact Policy & Regulation Fora in Europe — specialized “acceleration labs” that bring together governments, regulators, and industry players to tackle the barriers throttling geothermal progress. From lengthy permitting delays to inconsistent policy frameworks, these challenges have slowed one of the most reliable forms of renewable energy. The fora will focus on creating...
Post a Comment
Read more