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In response to growing demand for green energy the EBRD is providing a US$ 85 million loan to Türkiye Sınai Kalkınma Bankası (TSKB) to finance private mid-cap companies investing in renewable energy and resource efficiency projects in Turkey.
The financing will contribute towards a green economy by supporting solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency projects as well as water-saving and waste minimisation.
Part of the EBRD’s strategy in Turkey is to support the country in addressing the challenges of a growing demand for electricity and diversifying away from imported fossil fuels. The use of renewable sources of energy will also help combat climate change.
Read the full story here.