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.
In a statement on Dec. 27, the EBRD said that the financing would contribute toward a green economy by supporting solar, hydropower, wind, geothermal, waste-to-energy and energy efficiency projects as well as water-saving and waste minimization.