GGF funds energy efficiency measures in Turkey with EUR 15 million
The Green for Growth Fund (GGF) has agreed to lend EUR 15 million to Turkey’s Garanti Leasing to foster investments in energy efficiency and renewable energy equipment by Turkish micro, small, and medium enterprises (MSMEs). Energy efficiency measures financed with the GGF loan are expected to achieve annual primary energy savings of approximately 61.000 MWh […]
EBRD opens tender for measuring CO2 emissions in Turkey
The European Bank for Reconstruction and Development (EBRD) opened a tender worth EUR 68.200, exclusive of VAT, for a project to measure carbon dioxide emissions from geothermal areas in Turkey. The main objective is to measure and quantify diffuse CO2 emissions through soil from selected, currently unexploited areas. At least three field measurements will be […]
Turkey to reach 1% solar power share by year’s end
Turkey aims to reach 2,000 megawatts (MW) in installed solar capacities during 2017, according to the head of the country’s renewable energy authority. Turkey has only recently entered the solar power market “game”, said Özgür Can, the general manager of the General Directorate of Renewable Energy (YEGM). “However it is an important and attractive market, […]
EBRD extends support to renewable energy projects in Turkey
The European Bank for Reconstruction and Development (EBRD) is financing small-scale renewable energy and resource efficiency projects in Turkey with an extension of EUR 400 million. The funds will be extended under the EBRD’s Turkey Sustainable Energy Financing Facility (TurSEFF), a program originally designed to finance small and medium-sized enterprises (SMEs) seeking to improve their […]
Exergy’s Denizli Tosumlar ORC geothermal plant in Turkey wins top plant award
The Denizli Tosunlar ORC geothermal power plant in Turkey received the Top Plant award in the Renewable energy project domain. Italian company Exergy S.p.A. built it for its client Akça Enerji in 2015. The Power Magazine awarded the Denizli Tosunlar ORC geothermal plant as a part of its “Power Awards” competition, and announced its decision […]
Turkish authorities approve five Exergy geothermal units in just five days
Italian energy equipment manufacturer Exergy S.p.A. managed to win approval from Turkish authorities for five different geothermal units in five days. The manufacturer of the radial outflow turbine technology said that the Turkish Ministry of Energy and Natural Resources declared that geothermal facilities named Kubilay I, Mehmet Han, Ken Kipas, Umurlu II and Sultanhisar I […]
World Bank supports geothermal energy development in Turkey
The World Bank supports Turkey with USD 289.8 million to encourage private sector investment in geothermal energy development. Geothermal energy projects in Turkey will be supported with an IBRD loan of USD 250 million and a Clean Technology Fund grant of USD 39.8 million, reported Anadolu Agency. The World Bank’s Board of Directors approved a […]
New EBRD support for renewable energy investments in Turkey
The European Bank for Reconstruction and Development (EBRD) is providing USD 55 million to Turkish lender Isbank to finance private investments in renewable energy and resource efficiency projects. The new agreement comes as a “part of the EBRD’s strategy to help Turkey meet a growing demand for electricity and diversify away from expensive imported fuel, […]
