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  1. EBRD provides US$55 million to Turkey for renewable energy

    European Bank for Reconstruction and Development (EBRD) announced today it is providing US$55 million in new funds to Turkish lender Isbank to finance private companies investing in renewable energy and resource efficiency projects in Turkey. The financing – supported by a $2.1 million grant from the European Union – will benefit renewable energy and resource efficiency projects in Turkey including hydropower , other renewable energy sources and waste minimization projects. The EBRD funds are extended through an investment in “A-” rated senior notes issued under Isbank’s Diversified Payment Rights securitization program, an established market instrument used by Turkish banks to raise long-term funding. The investment comes under EBRD’s recently expanded Mid-size Sustainable Energy Financing Facility (MidSEFF) now totaling about $1.63 billion. So far, according to an EBRD press release, 50 projects have been financed through seven Turkish banks under the facility, helping to build over 900 MW of additional renewable energy capacity. Noel Edison, director of Financial Institutions at EBRD, said, “The response to the previous round of financing we offered to Isbank under our MidSEFF program was impressive. The lender has financed nine projects helping to create over 200 MW in additional renewable capacity and its pipeline for further successful investments by Turkish corporates remains strong.” Investing in sustainable energy and resource efficiency is a strategic priority for EBRD in Turkey. Almost half of the bank's total portfolio in Turkey is in sustainable energy, and since 2009 EBRD has invested more than $3.26 billion in more than 75 renewable energy projects. EBRD is also working closely with the Turkish Ministry of Energy and Natural Resources and has helped develop the country’s first National Renewable Energy Action Plan to attract more investment in renewable energy projects. The Bank has also supported the preparation of a National Energy Efficiency Action Plan, which is expected to include a wide range of sector-based resource efficiency measures aimed at achieving Turkey’s 2023 energy efficiency targets.

    Online Articles

    Online Articles

    Tue, 25 Oct 2016

  2. Development of Argentina's Kirchner and Capernic hydropower projects set to resume

    Work on Argentina's delayed Nestor Kirchner and Jorge Cepernic hydropower plants is set to resume, following a decision to cut their cost by decreasing their output capacities.

    Online Articles

    Online Articles

    Thu, 15 Sep 2016

  3. World Bank considers financing of Kosovan coal-fired power plant

    The World Bank is continuing to mull a decision over whether to finance a coal-fired power plant in Kosovo, a facility the Kosovan government says is essential to the country’s energy security.

    Online Articles

    Online Articles

    Mon, 15 Aug 2016

  4. Oil and Gas News: Federal effort launched to expand solar power in communities

    The Obama administration unveiled a plan Tuesday aimed at helping middle-class and low-income communities put solar panels on their roofs.

    Online Articles

    Online Articles

    Wed, 20 Jul 2016

  1. Commerzbank Sees 10 Percent Drop in Renewable Energy Finance in 2015

    Online Articles

    Online Articles

    Wed, 9 Sep 2015

  2. JCM, Panasonic to launch commercial scale solar energy financing , EPC program

    JCM Capital has signed an agreement with Panasonic Eco Solutions Canada Inc. to combine JCM’s financial network expertise with Panasonic’s bankable solar products and services.

    Online Articles

    Online Articles

    Thu, 10 May 2012

  3. Green banks offer solution for clean energy financing

    While many forms of renewable energy are steadily approaching competitive costs, financing remains a difficulty for many of these industries.

    Online Articles

    Online Articles

    Tue, 2 Oct 2012

  4. Renewable projects in Africa and Caribbean win $46m funding

    Four renewable energy projects in developing countries have secured vital funding loans totalling $46m.

    Online Articles

    Online Articles

    Mon, 18 Jan 2016

  5. Coal power plant a first for EFT in Bosnia

    First testing has begun on a China-backed, UK-based group’s maiden power generation facility in Bosnia.

    Online Articles

    Online Articles

    Wed, 6 Jan 2016

  6. Dubai signs MoU with European energy network

    Dubai’s Supreme Council of Energy has signed an energy efficiency memorandum of understanding with the European Federation of Agencies and Regions for Energy and the Environment (FEDARENE).

    Online Articles

    Online Articles

    Mon, 25 Jan 2016

  7. New California agency wins broad energy financing authority

    A newly created California Power Authority will have broad powers to finance, build, own, and operate power plants and finance natural pipelines and storage projects. Signed into law Wednesday by Gov. Gray Davis over Republican opposition, the bill also grants the new agency power of eminent domain ...

    Online Articles

    Online Articles

    Thu, 17 May 2001

  8. Bank seeks consultants for Caucasus energy program including hydro

    The European Bank for Reconstruction and Development (EBRD) invites expressions of interest from firms to serve as project consultant and verification consultant for a sustainable energy financing program in Caucasus nations that includes hydropower.

    Online Articles

    Online Articles

    Thu, 21 Mar 2013

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