World Bank and Turkey signs $1bln renewable energy program

Reuters

The program will help establish and expand Turkey's market for distributed solar energy and pilot a program for battery storage, the bank said in a statement

Can Sezer, Reuters News

May 16, 2024

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Turkey and the World Bank signed an agreement for $1 billion program to support renewable energy expansion efforts, the bank said on Thursday.

The program will help establish and expand Turkey's market for distributed solar energy and pilot a program for battery storage, the bank said in a statement.

The country's Development and Investment Bank of Turkey (TKYB) and Industrial Development Bank of Turkey (TSKB) will be implementing the programme, the bank said.

(Reporting by Can Sezer; Editing by Alison Williams)

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