Bank marks third stage of its Turkey Sustainable Energy Financing Facility.
Supporting Turkey’s continuous drive towards a low-carbon economy, the European Bank for Reconstruction and Development (EBRD) is providing a new €400 million financing package for small-scale renewable energy and resource efficiency projects in the country.
The launch builds on the success of the first two phases of the facility, with €600 million already provided by the EBRD, the European Investment Bank and the Japan Bank for International Cooperation to Turkish partner banks. The second extension will include, for the first time, leasing companies in addition to banks and will also be available for municipal projects.
[Photo by neverbutterfly | Flickr]