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EBRD to boost renewable energy investments in Türkiye

By Dilara Sarı

  • EBRD provides US$ 110 million to Enerjisa Uretim
  • Loan to finance wind power plant investments with more than 100 MW of installed capacity
  • Project to prevent 52,000 tonnes of CO2 emissions annually

The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$ 110 million to Türkiye’s Enerjisa Enerji Uretim (Enerjisa Uretim) to support the expansion of the company’s wind power portfolio.

Enerjisa Uretim’s projects will prevent the release of 52,000 tonnes of CO2 emissions a year from the country’s power system. They are also an opportunity to promote employment for young people, with Enerjisa Uretim working in partnership with local institutes to help young people gain market-relevant skills in the sustainable energy sector.

Nandita Parshad, EBRD Managing Director of Sustainable Infrastructure, highlighted the importance of renewable energy for Turkiye’s green future: “The Bank’s engagement with Enerjisa Uretim started more than a decade ago through the financing of Bares Windfarm which was the largest wind power plant in Turkiye at the time. Since then, Enerjisa Uretim continued to innovate and expand into one of the largest power producers in the country. We are pleased to grow our on partnership further with this financing to support the company’s ambitions in renewable energy.

We must utilize Turkiye’s potential in renewable energy to decarbonize the country’s economy and provide momentum for its green ambitions. By financing this project, we will be preventing the release of over 52.000 tonnes of CO2 emissions from Turkiye’s power generation, which will be a significant step towards achieving the country’s net zero targets.”

Enerjisa Uretim CFO Mert Yaycıoğlu stated: “With to this loan from the EBRD we are one step closer to accomplishing our goals. With these projects, we focus not only on green energy generation, but also on aspects that can provide opportunities for women and youth. I would like to express my gratitude to our Enerjisa Uretim and EBRD teams for their contributions to signing the agreement for such a substantial loan.”

Enerjisa Uretim is one of the largest independent power producers in Türkiye with 3.7 GW of installed capacity. 

To date, the EBRD has invested more than €17 billion in various sectors of the Turkish economy, largely in the private sector. 

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