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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.

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