We’re working to support Turkey’s investments in renewable energy and resource efficiency projects
Turkey aims to increase its energy generation from sustainable energy sources to meet its growing demand for electricity, improve resource efficiency in production processes, and decrease its dependence on imported energy supplies. The European Bank for Reconstruction and Development (EBRD) is taking the initiative, which will increase industrial competitiveness, decrease GHG emissions, and enhance resource management.
In January 2011, the EBRD launched MidSEFF, a financing facility with support from the European Investment Bank (EIB) and European Union, aimed at scaling up renewable energy and energy efficiency investments in Turkey. Through MidSEFF, a total of EUR 1,600 million in loans will be provided for on-lending through seven Turkish banks to private sector borrowers to undertake mid-size renewable energy, waste-to-energy and industrial resource efficiency investments.
Our role as project consultant is to operate the Facility and provide technical assistance for partner banks, so they can assess the proposed projects and support potential borrowers. We also ensure alignment with EBRD policies and relevant EU environmental and social, and health and safety standards and support investor understanding of the necessary steps and actions. And we conduct preliminary reviews of applications and assess projects to look for possibilities of additional savings, such as water and waste.
With the support of MidSEFF and the EBRD, Turkey’s energy and industrial sectors are better positioned to compete in a global, clean-energy economy.
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