EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji
Summary
The project will also promote gender equality in the energy sector by increasing womens participation in technical roles and enhancing corporate governance practices related to climate risks. With the completion of the new projects, the firms total installed renewable capacity will reach 935 MW, positioning it as a leader in T\xfcrkiyes energy transition.This investment is critical as T\xfcrkiye aims to meet its ambitious net-zero carbon emissions target by 2053, a goal that will require approximately $10 billion in annual financing for the renewable energy sector through 2030. Borusan EnBW Enerji plans to enhance policies that support equal opportunities and increase the representation of women in technical roles. The company is also taking steps to integrate gender considerations into its corporate governance practices related to climate risks.The EBRDs involvement highlights its broader commitment to T\xfcrkiye, where the institution has invested over 20 billion across 450 projects, primarily in the private sector, since 2009. This latest financing marks a significant step forward in the countrys pursuit of sustainable energy solutions and its transition to a greener future.