IFC invests in Finans Leasing to help energy efficiency
IFC, a member of the World Bank Group, said it is providing a USD 60 million (EUR 52.62 million) loan to Finans Leasing, a leading Turkish leasing company, to boost lending to small and medium enterprises (SMEs) for sustainable energy efficiency projects that will cut costs and help protect the environment. IFC will lend USD […]
Government aims 30 percent renewable energy usage by 2023
Turkey’s Energy Market Regulatory Authority has received 14 times more pre-license applications than its allocated capacity for wind power plants, Mustafa Yılmaz, head of the authority, revealed on May 6, Anadolu Agency reported. At the 21st International Energy and Environment Fair and Conference (ICCI 2015) in Istanbul, he said the allocated capacity for wind power […]
Entso-E’s Continental Europe grid extended to Turkey
The European Network of Transmission System Operators for Electricity (Entso-E) said its Continental Europe grid, one of the largest AC synchronous grids in the world, extended to Turkey and its 75 million consumers. „Electricity interconnection brings social welfare. This agreement means more electricity trade, more sharing of power reserves, more security and mutual help in […]
Juwi establishes its first photovoltaic project in Turkey
The German Juwi Group said construction is underway in the company’s first project in Turkey. In the municipality of Denizli, about 200 kilometers northwest of Antalya, seven individual PV power plants have a combined capacity of 7.4 MW and are scheduled to be connected to the grid early this summer, the press release said. The […]
Yıldız: 4 GW to be added in 2015, mostly from renewables
Turkey will add 4 GW to electricity production capacity in 2015, energy minister Taner Yıldız said, adding 95 percent will be provided through local and renewable resources, Hurriyet daily reported. The statement came after a massive power outage affected more than 76 million people in 80 out of 81 Turkish provinces for up to nine […]
EBRD: Outages, inefficiency rank high in business challenges
Though some improvements have taken place, electricity issues remained the most severe obstacle for firms in Albania, the European Bank for Reconstruction and Development (EBRD) and the World Bank Group said in the summary of fifth Business Environment and Enterprise Performance Survey (Beeps). The report covers countries in the transition region of Central, Eastern and […]
İşbank joins EBRD’s home energy efficiency programme
The USD 350 million financing facility launched by the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) was joined by İş Bankası AŞ (İşbank), headquartered in Levent, Istanbul. The purpose of the programme is to boost investment in energy efficiency improvements for homes, EBRD said. The Turkey Residential Energy Efficiency […]
IFC leads Akuo’s loan project to finance 77.5 MW wind farm
French green power producer Akuo Energy said it signed a mandate letter with International Finance Corporation (IFC) to finance the erection of the 77.5 MW Bağlar wind farm near Konya. The mandate letter provides for IFC to lead and arrange a syndicate of other multilateral agencies or commercial banks to provide up to EUR 100 […]
