EBRD Supports Green, Low Carbon Investments in Turkey

Source: www.gulfoilandgas.com 9/14/2022, Location: Europe

• EBRD €50 million loan to Yapi Kredi Leasing to expand green financing
• Funds to be used for energy efficiency, renewables and climate resilience measures
• EBRD continues to promote Turkey’s transition into a sustainable, low carbon economy

The European Bank for Reconstruction and Development (EBRD) is extending up to €50 million in financing to Yapi Kredi Leasing to expand financing opportunities for borrowers committed to green investments and mitigating climate risks. Yapi Kredi Leasing is the largest leasing company in Turkey with a strong track record of transformative green energy endeavours.

The financing will be the second loan provided under the EBRD’s €500 million Green Economy Financing Facility (GEFF) initiative, and will allow Yapi Kredi Leasing to offer financing to sub-borrowers implementing green economy investments on various sustainable measures, including energy efficiency, renewable energy and climate resilience. Yapi Kredi will be the first leasing company to use the GEFF loan.

Funded by grants from the Bank and the Clean Technology Fund (CTF), Yapi Kredi Leasing will receive a technical assistance package to support its on-lease practices and enhance equal access to green financing.

The EBRD continues to work towards a sustainable future in Turkey by focusing on green financing in the county. Despite ambitious goals, Turkey remains a carbon-intensive economy that carries vulnerabilities relating to the climate crisis. EBRD is strongly committed to accelerating the country’s transition into a green future, while increasing the inclusivity and resilience of Turkey’s economy.

The EBRD is a leading institutional investor in Turkey. It has invested more than €16.5 billion in 378 projects in the country since 2009, most of which have been in the private sector.


Australia >>  12/1/2022 - Woodside Energy CEO Meg O’Neill today outlined the company’s compelling investment proposition as a safe, reliable, low cost and lower carbon supplier...
United States >>  12/1/2022 - Altius Renewable Royalties Corp. reports that Great Bay Renewables II (“Great Bay”), its subsidiary that is jointly controlled with funds managed by a...

United States >>  11/30/2022 - Sunrise Resources plc ("Sunrise" or the "Company"), the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, U...
Malaysia >>  11/29/2022 - PETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS, has reached the Final Investment Decision (FID) for the development of its Ka...

Australia >>  11/28/2022 - Central Petroleum Limited (CTP) (“Central”) advises that it has entered into an agreement with Macquarie Bank Limited (“Macquarie”) for the expansion...
Canada >>  11/28/2022 - MEG Energy Corp. announced its 2023 capital investment plan and operational guidance. Highlights include:

- Annual production guidance of ...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.