Turkish renewable energy producer Yesil Global Enerji files for an $86 million US IPO
IPO Overview
Yesil Global Enerji, which operates renewable waste-to-energy power plants in Turkey, filed on Tuesday with the SEC to raise up to $86 million in an initial public offering.
Yesil Global Enerji is a Turkish renewable energy company that develops and operates waste-to-energy power plants, converting landfill gas and biogas from municipal solid waste into grid-stable electricity. The company operates six landfill gas-to-energy facilities across Turkey, including the Avcikoru plant, the country’s largest waste-to-energy power plant by production. Yesil Global Enerji supplies electricity to the national grid and industrial customers, and is evaluating expansion into geothermal and US natural gas projects through their wholly owned subsidiary, Power Upp USA.
The Istanbul, Turkey-based company was founded in 2007 and booked $53 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol PWRU. Yesil Global Enerji filed confidentially on November 12, 2025. D. Boral Capital is the sole bookrunner on the deal.
About the Company
Yesil Global Enerji A.S. is a leading private-sector operator in the waste-to-energy segment, with an installed capacity of 125.86 MWe, transforming urban landfill emissions into utility-grade renewable power. YGE develops and operates power generation assets that convert municipal solid waste into clean, grid-stable electricity—leveraging landfill gas and biogas technologies, with geothermal initiatives in pre-operational development. The Company currently operates six Landfill gas-to-energy （“LFG”） power plants across Turkiye, including the Avcikoru facility, which is the country’s largest waste-to-energy power plant by production volume. These sites are designed to capture and convert methane, carbon dioxide, and other landfill by-products into baseload electricity, mitigating greenhouse gas emissions while supplying power to the national grid and industrial customers. Strategically located in high-density urban centers, including Istanbul, which produces over 17,000 metric tons of municipal solid waste daily, YGE has consistent access to high-volume, high-organic-content feedstock with favorable methane yield characteristics. Building on its success in Turkiye, the Company intends to expand into the United States with planned natural gas initiatives, while continuing to evaluate strategic investments in additional landfill gas and geothermal projects across Turkiye.
