EBRD announces new financing for energy projects
The European Bank for Reconstruction and Development (EBRD) announced a new EUR 400 million financing provision for small-scale sustainable energy projects in Turkey. The funds will be utilized under the Turkey Sustainable Energy Financing Facility (TurSEFF) of the bank. TurSEFF was established to help finance small and medium-sized enterprises seeking to enhance their energy efficiency.
This initiative is also supported by the European Union in close collaboration with Turkey’s Ministry of Energy and Natural Resources with regard to funding for technical assistance through its Instrument for Pre-Accession.
EBRD has invested over EUR 3.5 billion in more than 90 such energy projects since 2009, including two of Turkey’s largest wind farms and the largest geothermal power plant.