De EIB verstrekt 75 miljoen euro voor klimaatverandering in Turkije (en) - Hoofdinhoud

The European Investment Bank (EIB i) has signed a EUR 75 million agreement with Turkiye Vakiflar Bankasi A.S for financing climate change related investments carried out by small businesses and midcap companies throughout Turkey.

The funding is in the form of a framework loan jointly provided with the European Bank for Reconstruction and Development i (EBRD). It is provided through an innovative financial scheme based on Diversified Payment Rights securitisation. It comes as the third operation signed within the framework of the Mid-size Sustainable Energy Financing Facility (“MidSEFF”), which has been developed jointly by the EIB and the EBRD. The facility includes a Technical Assistance component funded by the European Commission from IPA funds.

This loan will facilitate the support of a series of small and medium sized private sector investments in renewable energy, industrial energy efficiency and waste-to-energy projects in Turkey, which contribute to the country’s security of energy supply. It will also contribute to the European climate change policies, thus falling within an EIB priority objective. It demonstrates the EIB’s commitment to smart growth in Turkey, as it contributes to Turkey’s target to reach a level of 30% energy generation from renewables by 2023. The funding promotes FDI and innovative finance structures in the energy sector in Turkey. It is the result of the fruitful cooperation between the EIB and the EBRD.

Background notes:

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

Press contacts:

Ms. Helen Kavvadia, tel.: +352 4379 84486, e-mail: kavvadia@eib.org,

Website http://www.eib.org/press - Press contact: +352 4379 21000 - press@eib.org