Caspian Energy Journal Caspian European Club
Tuesday, 22 January 2019 13:00

EBRD boosts sustainable use of energy in Turkey

EBRD boosts sustainable use of energy in Turkey

The European Bank for Reconstruction and Development (EBRD) invested €1 billion in 34 projects in Turkey in 2018. Being a leading financier of renewables in Turkey, the Bank backed four new windfarms and nine solar plants, bringing the EBRD-financed renewable capacity in Turkey to 2,865 MW, Caspian Energy News ( reports with reference to the press statement of the EBRD. 

More than half of the EBRD’s 2018 investment in Turkey was in support of sustainable use of energy. The financing is a step to help Turkey reduce primary energy consumption by 14 per cent by 2023, a goal set out in the country’s National Energy Efficiency Action Plan, which was developed by the Ministry of Energy with the support from the EBRD and adopted by the government in 2018. 

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Person in charge of the newsline: Olga Nagiyeva 

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