EBRD provides 85 million dollars loan for RES projects through TSKB – Turkey, 28 December 2017

The European Bank for Reconstruction and Development (EBRD) said that it is providing a 85 million dollars loan to the Industry Development Bank of Turkey (TSKB) to finance private companies investing in renewable projects.
The statement from the Bank said that a 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, adding that the use of renewable sources of energy will also help combat climate change. This financing would contribute toward a green economy by supporting solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency projects as well as water-saving and waste minimization.

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