EBRD extends sustainable energy funding programme in Turkey
09:54, 30 September 2011
NDON. September 30. KAZINFORM The EBRD has extended its financing facility to support Turkey's investments in renewable energy and energy efficiency projects to increase energy savings and reduce carbon emissions.
With the extension of the Mid-size Sustainable Energy Financing Facility, or MidSEFF, originally launched in December 2010, the Bank will continue helping Turkey to reduce its dependence on fossil fuels by financing private sector energy efficiency investments in mid-size sustainable energy projects with the total investment cost of up to €50 million, the EBRD's press release reads.
As part of this extension, the EBRD will offer a total of €225 million in loans to Turkish banks for on-lending to private sector borrowers to undertake mid-size renewable energy, waste-to-energy and industrial energy efficiency investments.
Details also at http://www.ebrd.com/