News

GGF enhances support to Yapı Kredi Leasing

Published

June 23, 2016

Comments

comments icon

0

Share

Published:

June 23, 2016

Comments:

comments icon

0

Share

A third senior loan was approved for Turkey’s Yapı Kredi Leasing by the Green for Growth Fund, Southeast Europe (GGF). The institution said it set EUR 20 million for the company’s financing programme for renewable energy production and energy efficient machinery.

The subsidiary of Yapı Kredi Bankası holds a strong energy efficiency lending portfolio and is rapidly developing its renewable energy financing business, the press release said. GGF’s long‐time partner has access to the 1,000 branch offices of its parent, and serves corporate clients and micro, small and medium enterprises (MSMEs) in various sectors, the statement adds.

The leasing company serves corporate clients and micro, small and medium enterprises (MSMEs) in various sectors.

The partnership began with the first loan in 2010, the fund’s chairman Christopher Knowles said. “The new credit line further deepens our relationship and will allow the GGF to foster additional renewable energy production and the replacement of outdated machinery with more energy efficient models,” he underscored.

Yapı Kredi Leasing’s general manager Fatih Torun said his company plans to allocate the funds to boost organizations working on renewable energy projects. “Our aim is to help companies improve their business while increasing their energy efficiency, which in return protects the environment. We are pleased with our partnership with GGF and determined to continue this cooperation as we support renewable energy projects in Turkey,” he stressed.

Related Articles

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

Constitutional Court of Serbia rules in favor of Rio Tinto lithium project

Constitutional Court of Serbia rules in favor of Rio Tinto’s lithium project

11 July 2024 - The Constitutional Court of Serbia declared unconstitutional a decree that annulled the local spatial plan for Rio Tinto's lithium project

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E

Protest outside Constitutional Court of Serbia Rio Tinto's lithium project Jadar

Protest outside Constitutional Court of Serbia against Rio Tinto’s lithium project Jadar

11 July 2024 - Local group Ne damo Jadar and the SEOS assocoation held a protest rally in front of the Constitutional Court of Serbia against Rio Tinto's lithium project