The European Financial institution for Reconstruction and Growth (EBRD) is offering as much as US$100 million in financing to help the event of 150MW of photo voltaic in Turkey.
As a part of a package deal collectively offered by three Turkish banks, the mortgage is for Adnan Polat Enerji Yatirimi (APEY), a Turkish renewables investor that has an put in energy capability of 695MW.
In addition to the 150MW of photo voltaic, the funds will help APEY with the event of 53MW of wind within the subsequent three years.
“We’re delighted to work with a famend and skilled renewable vitality investor to hurry up the transition to wash vitality in Turkey. Turkey has an immense potential in renewable assets,” stated Aida Sitdikova, EBRD director of vitality Eurasia MEA.
The information comes after the 1.35GW Karapinar photo voltaic mission in Turkey secured a US$291 million financing package deal final yr from the UK authorities to assist it proceed.
The EBRD additionally not too long ago offered financing for a 230MW PV plant in Azerbaijan and a 70MW photo voltaic set up in Kosovo.