EBRD: €50m for Türkiye’s green investment

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The European Bank for Reconstruction and Development (EBRD) extends financing to Yapi Kredi Leasing to expand opportunities for borrowers committed to green investments and climate risk mitigation. 

The EBRD is extending up to €50m to Yapi Kredi Leasing to expand financing opportunities for companies planning green investments and climate risk mitigations. Yapi Kredi Leasing is the largest leasing company in Türkiye with a strong track record of transformative green energy endeavours.

The financing will be the second loan provided under the EBRD’s €500 million Green Economy Financing Facility (GEFF) initiative, and will allow Yapi Kredi Leasing to offer financing to sub-borrowers implementing green economy investments on various sustainable measures, including energy efficiency, renewable energy and climate resilience.

Türkiye has made significant progress in recent years towards energy security and decarbonising its energy network, though with extensive growth, more investment is needed to turn around a still carbon-intensive economy that carries vulnerabilities relating to the climate crisis.

Funded by grants from the Bank and the Clean Technology Fund (CTF), Yapi Kredi Leasing will receive a technical assistance package to support its on-lease practices and enhance equal access to green financing.