World Bank and Turkey signs $1bln renewable energy program

Miniatures of windmill, solar panel and electric pole are seen in front of words Renewable energy in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration
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

PHOTO
Miniatures of windmill, solar panel and electric pole are seen in front of words Renewable energy in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration

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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