Magnum Energy  Expands into Geothermal, Securing Licenses for 505 MW Potential in Turkey Published: November 5, 2025 By  Robert Buluma 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 alre...

Mount Erciyes: A Hidden Geothermal Treasure Beneath Cappadocia By: Robert Buluma Beneath the snow-capped slopes of Mount Erciyes , central Turkey’s highest peak, lies more than just volcanic history  it harbors the promise of geothermal energy . A new study published in the Journal of Volcanology and Geothermal Research has mapped the subsurface of Erciyes using three-dimensional magnetotelluric (MT) imaging , revealing zones of high electrical conductivity that point to heat, fluids, and possible magma bodies deep underground. Cracking the Code Beneath the Mountain Researchers led by S.B. Tank used advanced MT techniques to peer beneath Erciyes and its surroundings. Their results uncovered conductivity anomalies   regions where electricity flows more easily due to the presence of saline fluids, hot water, or partially molten rock . For geothermal experts, these anomalies are gold. They act as subsurface fingerprints of geothermal reservoirs , highlighting where heat ...

In a major breakthrough for renewable energy in Turkey, Sanko Energi has announced the successful discovery of what is now being hailed as Turkey’s hottest geothermal production well reaching an astonishing 308 degrees Celsius.  By:  Robert Buluma This record-setting temperature not only underlines the immense potential of Turkey’s geothermal resources but also marks a pivotal moment in the nation’s sustainable energy journey. A New Chapter in Turkey’s Geothermal Revolution Turkey has long been recognized as a geothermal powerhouse, thanks to its unique geological structure and abundant geothermal reservoirs. The discovery of a production well reaching 308°C by Sanko Energi pushes the limits of what was previously thought possible and signals a promising future for the country’s renewable energy sector. Key Highlights of the Discovery: Unprecedented Temperature: At 308°C, this well sets a new record for geothermal production in Turkey. Enhanced Production Potential: ...