Dogan Sirketler Grubu Holding A.S.
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Dogan Sirketler Grubu Holding A.S. is a Turkish conglomerate that operates in a diverse range of industries, including media, energy, automotive, and real estate. The company was founded in 1959 by Aydin Dogan and has since grown to become one of the largest conglomerates in Turkey, with a presence in over 20 countries worldwide.
In the energy sector, Dogan Sirketler Grubu Holding A.S. operates in the midstream - oil and gas sector. The company's primary focus is on the transportation and storage of oil and gas, with a particular emphasis on pipeline infrastructure. Dogan Sirketler Grubu Holding A.S. owns and operates several pipelines in Turkey, including the Baku-Tbilisi-Ceyhan pipeline, which transports crude oil from the Caspian Sea to the Mediterranean.
As the world moves towards decarbonisation, Dogan Sirketler Grubu Holding A.S. has recognised the need to transition to renewable energy sources. The company has set a goal to reduce its carbon emissions by 30% by 2030, and has already taken several steps towards achieving this target.
One of the key ways in which Dogan Sirketler Grubu Holding A.S. is reducing its carbon footprint is through the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, under which the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time.
Dogan Sirketler Grubu Holding A.S. has signed several corporate PPAs for renewable energy in recent years. In 2019, the company signed a 10-year PPA with a wind farm in Turkey, which will provide the company with 50% of its electricity needs. The company has also signed a PPA with a solar power plant in Turkey, which will provide the company with an additional 10% of its electricity needs.
In addition to corporate PPAs, Dogan Sirketler Grubu Holding A.S. is also investing in renewable energy projects. The company has partnered with several renewable energy developers to build wind and solar power plants in Turkey. These projects will not only help the company to achieve its decarbonisation goals, but will also contribute to Turkey's overall renewable energy targets.
Dogan Sirketler Grubu Holding A.S. is also implementing several energy efficiency measures across its operations. The company has invested in energy-efficient lighting and HVAC systems in its buildings, and has implemented energy management systems to monitor and control its energy use. These measures have not only helped the company to reduce its carbon footprint, but have also resulted in significant cost savings.
In addition to its efforts to transition to renewable energy, Dogan Sirketler Grubu Holding A.S. is also exploring new technologies and business models to support decarbonisation. The company is investing in research and development of new energy storage technologies, which will be critical for integrating intermittent renewable energy sources into the grid. The company is also exploring the use of blockchain technology to enable peer-to-peer energy trading, which could help to decentralise the energy system and promote the use of renewable energy.
Overall, Dogan Sirketler Grubu Holding A.S. is taking a proactive approach to decarbonisation and is making significant progress towards its goal of reducing its carbon emissions. The company's use of corporate PPAs for renewable energy, investment in renewable energy projects, and implementation of energy efficiency measures demonstrate its commitment to sustainability and its recognition of the importance of decarbonisation in the energy sector. As the world continues to transition towards renewable energy, Dogan Sirketler Grubu Holding A.S. is well-positioned to play a leading role in this transition.