EBRD in first project in Turkey

In its first project in Turkey since the country became an EBRD country of operations in September 2008, the Bank is providing a €45 million loan for the construction of the largest wind farm in the country. The project will help Turkey promote clean energy and reduce its dependency on imported fuel sources.

The EBRD financing will be used for the construction and development of a 135-megawatt on-shore independent wind farm, which will be located in Osmaniye, in southern Turkey. The wind farm is being developed by Rotor Elektrik, a company incorporated in Turkey, a member of Zorlu Energy Group and owned by Zorlu Holding, one of the largest conglomerates in Turkey.