GGF secures EUR 25 million from OeEB to continue green finance

The Development Bank of Austria (Oesterreichische Entwicklungsbank AG – OeEB) has increased its investment with the Green for Growth Fund (GGF) by providing an additional EUR 25 million in senior shares, according to a press release from the GGF. OeEB’s commitment will help the GGF continue to develop renewable energy projects and improve energy and […]

250 applications submitted for clim@ competition

More than 250 applications from 80 countries were submitted for the clim@ competition. The deadline for the proposals expired on April 15. A new competition for innovative businesses or projects that have the power to change current practices and demonstrate strong positive climate impact is launched by the Green for Growth Fund (GGF) on February […]

EBRD to loan EUR 75 million to Turkey for renewables investment

The European Bank for Reconstruction and Development (EBRD) will provide EUR 75 million in financing to Turkey Sinai Kalkinma Bankasi (TSKB), a Turkey-based investment and development bank, for renewable investment. The financing, under Turkey Mid-Size Sustainable Energy Financing Facility III (MidSEFF III) is for on-lending to private sector borrowers for renewable energy and resource efficiency […]

News October 30, 2017

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, […]

Renewables October 25, 2016