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Turkish wind-energy projects receive $60m from EBRD

By Pramod Kumar
Turkey's wind-energy projects are expected to reduce annual CO2 emissions by 243,000 tonnes EBRD
Turkey's wind-energy projects are expected to reduce annual CO2 emissions by 243,000 tonnes

A Turkish wind-energy project developer has secured $60 million (€55 million) from the European Bank for Reconstruction and Development (EBRD) to fund its renewable projects.

The projects, located in Sivas and Tekirdağ, will add 116 megawatts (MW) of wind energy capacity.

They are being developed by Borusan EnBW Enerji, a joint venture between Turkey’s Borusan Holding and Germany’s EnBW.

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The venture currently operates 730MW of renewable energy capacity, which will increase to 935MW upon completion of ongoing projects.

The wind-energy projects are expected to generate 382 gigawatt-hours of renewable energy, reducing annual CO2 emissions by 243,000 tonnes.

Turkey will need $10 billion annually through 2030 to reach its net zero target in 2053.

Since 2009, EBRD has invested more than €20 billion through 450 projects and trade finance limits in Turkey.

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