New EBRD financing for improved business energy efficiency in Turkey
US$ 80 million for SMEs via VakifBank
Author(s): Olga Rosca
Date: 10 May 2013
The EBRD is continuing to help Turkey become an energy-efficient and low carbon market economy with new financing of US$ 80 million provided to VakifBank for on-lending to private companies investing in energy efficiency and small-scale renewable energy projects.
The EBRD financing to the bank is provided under the EBRD’s extended Turkish Sustainable Energy Finance Facility or TurSEFF – a dedicated finance facility aimed at supporting Turkey’s long-term energy strategy. Launched in July 2010, the US$ 284.2 million TurSEFF was extended by another US$ 200 million in early 2013 to meet the growing demand for business energy efficiency and renewable energy investment among small and medium-sized Turkish enterprises (SMEs).
More:New EBRD financing for improved business energy efficiency in Turkey [EBRD - News and events]
