Climate Finance Programme Türkiye
Within the framework of a multilateral Memorandum of Understanding (MoU) between Türkiye and six development partners, the German government has pledged concessional loan financing of EUR 200 million for additional climate change mitigation measures in Türkiye. The loan financing will be provided by Kreditanstalt für Wiederaufbau (KfW) under an untied financial loan (UFK). In order to ensure the promotion of particularly ambitious and innovative measures, the UFK loan will be flanked by investment cost subsidies. This funding will ensure a high level of ambition in climate financing and to make projects possible that go beyond standard technical and commercial practice. In addition to the investment cost subsidies, capacity building and market development measures will also be implemented.
- Countries
- Türkiye
- IKI funding
- 20,000,000.00 €
- Duration
- 03/2023 till 02/2028
- Status
- open
- Implementing organisation
- KfW Entwicklungsbank
- Political Partner
-
- Ministry of Environment, Urbanization and Climate Change (MoEUCC) - Türkiye
- Ministry of Treasury and Finance of the Republic of Türkiye
- Implementing Partner
-
- Climate Change Presidency
- Development and Investment Bank of Turkey (TKYB)
- Industrial Development Bank of Turkey (TSKB | Türkiye Sınai Kalkınma Bankası)
State of implementation/results
- Applications for investment cost subsidies for renewable energy projects totalling EUR 4.1 million were approved by September 2024.
- The subsidies will finance the construction of 4.9 MW of renewable energies, which will generate around 7,400 MWh of electricity and save 2,600 tCO2 per year.
Latest Update:
12/2024
Project relations
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