Newsletters
The European Investment Bank (EIB) has extended a €100 million ($115.39 million) loan to Türkiye for renewable energy investments under a financing arrangement covered by a repayment guarantee from Türkiye's Treasury and Finance Ministry, according to a statement.
The facility, signed with Türkiye Development and Investment Bank (TKYB), will finance clean energy and energy-efficiency projects across the country, the Turkish lender disclosed on Monday.
The loan is part of a broader €200 million financing package announced in February, when Türkiye and the EIB moved to revive financial cooperation after several years of suspended cooperation.
Under the arrangement, the EIB allocated €100 million each to Türkiye Development and Investment Bank (TKYB) and Turk Eximbank.
The TKYB portion is earmarked for small and medium-sized projects in renewable energy, energy efficiency and sustainable industry across Türkiye.
According to EIB project documents, the initiative is expected to fully support the bank's climate action and environmental sustainability objectives.
The financing is aimed at expanding access to long-term funding for private-sector investments that help reduce emissions, improve energy performance and accelerate the country's transition toward a lower-carbon economy.
As the 10th largest state-run lender in Türkiye, TKYB has emerged as a major source of financing for renewable energy and sustainable development projects.
Known as Türkiye's "climate bank," the lender has expanded its focus on green financing in recent years, with sustainability-themed loans accounting for 96% of its credit portfolio in 2025.
Its loan portfolio grew 30.5% year-on-year to ₺123.7 billion at the end of 2025, while total assets increased 32.6% to ₺203.6 billion ($4.4 billion).
Set as preferred source
Set as preferred source
1 min read
1 min read
