World Bank and Turkey signs $1 bln renewable energy program – EQ
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In Short : The World Bank and Turkey have signed a $1 billion agreement for a renewable energy program. This initiative aims to enhance Turkey’s renewable energy capacity, support sustainable development, and contribute to global efforts in combating climate change.
In Detail : 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.
