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The European Bank for Reconstruction and Development (EBRD) has said it is providing a financing package of up to $102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding.

Turkey will co-finance projects led by the European Bank for Reconstruction and Development (EBRD) through the Turkish Treasury, the bank said on Jan. 16.

The European Bank for Reconstruction and Development (EBRD) has said in response to growing demand for green energy it is providing an $85 million loan to the Industry Development Bank of Turkey (TSKB) to finance private mid-cap companies investing in renewable energy and resource efficiency projects in Turkey.

The European Bank for Reconstruction and Development (EBRD) has said it is providing İşbank, Turkey’s largest private bank, with $55 million in financing to support small-scale renewable energy and resource efficiency projects in the country.

The European Bank for Reconstruction and Development (EBRD) stated on Jan. 13 that it invested a total 9.4 billion euros across 378 projects in 2016, matching its record amount set in 2015.

The top countries of EBRD investment included Turkey, Kazakhstan, Egypt, Poland and Bulgaria, while spending in Ukraine dropped sharply. 

The European Bank for Reconstruction and Development (EBRD) has said it is providing a new 400 million euro financing package for small-scale renewable energy and resource efficiency projects Turkey in a bid to support the country's continuous drive towards a low-carbon economy, in a written statement on Dec. 7. 

The European Bank for Reconstruction and Development (EBRD) has said it is providing $55 million in new funds to Turkish lender İş Bank to finance private companies investing in renewable energy and resource efficiency projects in Turkey, in a written statement on Oct. 25. 

The European Bank for Reconstruction and Development (EBRD) Managing Director for Energy Efficiency Josue Tanaka told Anadolu Agency about how the bank is helping Turkish institutions to implement energy-saving programs.

Turkey, where the European Bank for Reconstruction and Development (EBRD), has been active for only five years, has become the largest individual recipient of EBRD financing. Investments rose to 1.4 billion euros in 2014 from 920 million euros in the previous year, the EBRD said by a written statement on late Jan. 14.

The European Bank for Reconstruction and Development (EBRD) has lowered its 2014 growth forecast for Bulgaria to 1.5%.

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