Europe | July 8, 2016

EBRD grants a $110M loan to Turkey

Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.

 

Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.

The funds will help development of renewable energy projects including solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency, reports EBR.

The financing is a part of EBRD’s effort to help Turkey in meeting electricity demand while reducing dependency on expensive imported fuel and address climate change, reports EBR.

Source: EBR