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Residents living in energy efficient houses with comfort

Investor
Yelkovan Insaat
Location
Istanbul, Turkey
Investment
Buildings reconstruction
Energy savings
842,912 kWh per year
CO2 savings
197 tonnes per year
Donor
EU, CIF

4 building become more energy efficient

Yelkovan Insaat reconstructed four buildings for residents in Turkey, making them more energy efficient. Appropriate insulation material and thickness, efficient window and heating systems enable residents to decrease energy bills while also contributing the environment by decreasing CO2 emissions.

Yelkovan Insaat is a medium sized construction company operating in Istanbul, Turkey. Its young owners are visionary executives who are committed to make a difference in the construction sector. They care about environment and believe that climate change will have negative consequences for all if no appropriate measures are taken.

When the company was sub-contracted to reconstruct an old building in Istanbul, they saw the project as an opportunity to differentiate themselves for the competition and position themselves as a company that values energy efficiency.

Yelkovan Insaat applied for a loan with Turkish Residential Energy Efficiency Financing Facility (TuREEFF) and received engineering support to increase the energy efficiency measures in their first project.

The first project was followed by three more reconstruction projects. Thanks to the company’s commitment to support the fight against climate change, now these buildings create less CO2 emission and families are paying nearly 20 per cent less for their energy bills.

The overall energy saving is 842,912 kWh/year which is equivalent to the electricity consumption of 366 households on a yearly basis.

This new building with EPC B Class led to a reduction of the CO2 emissions by 197 tonnes per year, which is equivalent to the annual reduction of CO2 created by 9,006 trees.

TuREEFF in Turkey was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the Climate Technology Fund under the Clean Investment Funds (CIF) and European Union (EU).

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