Russia starts building Turkey’s first nuclear power plant

The facility is expected to provide 10% of the nation’s electricity requirements

Gazprom granted final permit for TurkStream pipeline

Russian energy giant Gazprom has been granted the final permit for the construction of a second offshore section for the TurkStream gas pipeline. The permit guarantees both sections of the pipeline will be in operation before the end of 2019. Each part will have the capacity of 15.75 billion cubic meters of gas per year, […]

Turkey and Egypt ‘need to tap bioenergy potential’

Turkey and Egypt could have huge untapped bioenergy potential. That’s according to a new study by the European Bank for Reconstruction and Development (EBRD) and the UN’s Food and Agriculture Organisation (FAO). The report suggests the combined biomass from the two countries could generate enough electricity to supply 700,000 homes and enough renewable fuels to replace more than two million tonnes of […]

New €400m financing for Turkish green energy

A London-based bank is to provide €400 million (£340.2m) of financing to support Turkish green energy projects. The European Bank for Reconstruction and Development (EBRD) will provide the money through the third round of its Turkey Sustainable Energy Financing Facility (TurSEFF). It previously only helped small and medium-sized enterprises (SMEs) improve their energy and resource efficiency but […]

Turkish delight as $55m of green funding is secured

A London-based bank is providing $55 million (£45m) to finance renewable energy and resource efficiency projects in Turkey. The European Bank for Reconstruction and Development (EBRD) is giving the money to Turkish lender Isbank, which will provide loans to private investors and help the nation meet its growing demand for electricity in a sustainable way. Supported […]

$125m to boost geothermal energy in Turkey

An investment worth $125 million (£86.2m) will be made to boost Turkey’s geothermal energy sector. The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are providing the money. The funding is part of a programme in which the EBRD is investing $100 million (£69m) and the CTF $25 million (£17.2m). […]

$20m to boost steel recycling in Turkey

A steel dust recycling company in Turkey is receiving $20 million (£13.2m) to double the capacity of its plant. The European Bank for Reconstruction and Development (EBRD) is providing the money to boost industrial waste recycling in the country. The Befesa Silvermet Iskenderum plant transforms electric arc furnace into zinc. The EBRD’s financing supports a solution […]

London-based bank buys stake in green energy firm

The European Bank for Reconstruction and Development (EBRD) has bought a 20% stake in a renewable energy company in Turkey. It is investing $100 million (£66m) to boost the country’s green energy sector. The funding will help Afken Renewable Energy, a subsidiary of Afken Holding, add 210MW of wind, solar and hydro capacity. The EBRD […]

Energy efficiency ‘key for Turkey’s sustainable growth’

Energy efficiency is key for Turkey to continue its economic growth in a sustainable way. That’s according to a report from the World Bank which stated although the country’s policy framework is strong, “critical institutional and functional gaps” would prevent Turkey from realising its energy efficiency goals. It added the country has “vast” energy efficiency […]

G20 ‘committed to renewable energy’

Energy ministers from the G20 and international organisations have committed to renewable energy. At the G20 meeting in Istanbul, Energy Ministers approved a “renewable energy toolkit”, which provides options for member states to accelerate the development of renewables. The toolkit, developed by the International Renewable Energy Agency (IRENA), includes areas such as reducing technology costs, exchanging […]