In a significant move towards a greener, more sustainable future, the European Bank for Reconstruction and Development (EBRD) has announced its support for Enerjisa Enerji Uretim(Enerjisa Uretim) in Turkey with a US$110 million loan. This financing will expand Enerjisa Uretim’s wind power portfolio and help reduce the country’s annual CO2 emissions by 52,000 tons.
Enerjisa Uretim and EBRD invest in decarbonizing the Turkish economy
Enerjisa Uretim, one of the largest independent power producers in Turkey, is making significant progress in the renewable energy sector. The company’s projects not only have environmental benefits, but also create employment opportunities, especially for young people. Enerjisa Uretim has partnered with local institutes to help young people acquire market-relevant skills in the sustainable energy sector, aligning with the country’s green ambitions.
Nandita Parshad, Managing Director of Sustainable Infrastructure at the EBRD, emphasized the importance of renewable energy for Turkey’s future. The EBRD’s association with Enerjisa Uretim began more than a decade ago with the financing of the Bares wind farm, which was then the largest wind power plant in the country. Over the years, Enerjisa Uretim has continued to innovate and grow, becoming one of the leading energy producers in Turkey.
The EBRD is pleased to strengthen its partnership with Enerjisa Uretim through this financing, as it supports the company’s ambitions in the field of renewable energy. The goal is to take advantage of Turkey’s enormous potential for renewable energy sources to decarbonize the country’s economy and promote its green initiatives. The financing of the project will avoid the release of more than 52,000 tons of CO2 emissions from electricity generation in Turkey, marking a significant step towards the country’s carbon neutrality goals.
Inclusion and sustainable development at the heart of EBRD-supported Enerjisa Uretim projects
Expressing gratitude for the EBRD loan, Mert Yaycıoğlu, CFO of Enerjisa Uretim, said that this financial support brings the company closer to its goals. Notably, Enerjisa Uretim’s projects go beyond green energy generation. They also prioritize aspects that provide opportunities for women and youth, highlighting the company’s commitment to inclusion and sustainable development.
With an impressive installed capacity of 3.7 GW, Enerjisa Uretim plays a crucial role in transforming Turkey’s energy landscape. EBRD investments in the Turkish economy, mainly in the private sector, have exceeded €17 billion to date, underlining the bank’s commitment to supporting sustainable growth and development.
As the world increasingly recognizes the urgency of addressing climate change, partnerships such as the one between the EBRD and Enerjisa Uretim are becoming essential to fostering renewable energy projects.
