We’re helping to support energy efficiency and renewable energy measures in Turkey’s residential sector
As a result of new building energy efficiency legislation and the European Union Energy Performance of Buildings Directive, Turkey’s residential building sector needs some support. As the country transitions toward energy conservation and renewable energy, the Turkey Residential Energy Efficiency Financing Facility (TuREEFF) is poised to help.
TuREEFF was developed by the European Bank for Reconstruction and Development (EBRD) and supported by the Clean Technology Fund (CTF) and the European Union (EU). The program combines $270 million in loans to provide financing to residential consumers who wish to invest in energy efficiency and renewable energy measures in their homes. Our role? We’re helping prospective borrowers to identify and develop energy-efficient projects and prepare successful loan applications for submission to TuREEFF. This assistance is free of charge for the borrowers and is carried out with funding by the European Union.
TuREEFF has become a financing vehicle, operating in conjunction with the Government of Turkey’s ‘Urban Transformation Plan’. With financing options for sustainable energy measures, the benefits of energy efficiency and the expansion of renewable energy have never been more promising.
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