EBRD loans €165 Million to boost renewable energy in Turkey

The European Bank for Reconstruction and Development (EBRD) has so far financed 42 projects through seven Turkish banks, creating more than 700MW in additional renewable capacity.

The EBRD will loan €165 Million to the Turkish banks Garanti and Yapı ve Kredi Bankası to support Turkey's renewable energy sector. The funds will finance mid-sized renewable energy projects realized by private sector companies. These include solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency projects.

Source: Enerdata 17 July 2015

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