News

GGF enhances support to Yapı Kredi Leasing

Published

June 23, 2016

Comments

0

Share

Published:

June 23, 2016

Comments:

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deepens our relationship and will allow the GGF to foster additional renewable energy production and the replacement of outdated machinery with more energy efficient models,” he underscored.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

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

offshore-wind-installation-vessels

EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels

NASA-fission-nuclear-moon

NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks