EBRD grants a $110M loan to Turkey
Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.
Turkey: The European Bank for Reconstruction and Development (EBRD) has extended a $110 million loan to help fund development of renewable energy projects in Turkey.
The funds will help development of renewable energy projects including solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency, reports EBR.
The financing is a part of EBRD’s effort to help Turkey in meeting electricity demand while reducing dependency on expensive imported fuel and address climate change, reports EBR.
Source: EBR
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