We’re leading a consortium to assist with the design, launch, and operation of Turkey Sustainability Energy Financing Facility
The Turkey Sustainable Energy Finance Facility (TurSEFF) is developed to help Turkey achieve targets set under the National Energy Efficiency Action Plan (NEEAP) and the National Renewable Energy Action Plan (NREAP). Developed by the Ministry of Energy and Natural Resources and funded by the European Union, the initiative serves the growing demand for ‘green’ products in the market. It builds on more than six years of successful operations in Turkey—more than 800 sustainable energy sub-projects have been financed under TurSEFF to date.
The European Bank for Reconstruction and Development (EBRD) initiated the first phase of TurSEFF in 2010 for an aggregate amount of $260 million. The second phase of the program was launched in 2012 with another $400 million in financing. Under TurSEFF, credit lines are extended to local partner banks for on-lending to SMEs and small-scale renewable energy investments.
This third phase of TurSEFF will build on experiences gained in implementing the previous two phases but will also be expanded in scope to include resource efficiency sub-components—water efficiency, material efficiency, and waste minimization—as well as public beneficiaries.
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