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Contribution to Emission Reduction of Funded Wind Investments

Kategori : ELECTRICITY ENERGY NEWS, ENERGY AGENDA NEWS, WIND ENERGY & RES NEWS - Tarih : 15 June 2021


Continuing to invest in wind energy, one of the most effective and clean energy sources in the fight against climate change, TSKB contributes to Turkey’s carbon emission reduction with 38 Wind Power Plants it has financed to date. Drawing attention to renewable energy investments on World Wind Day, the bank plans to increase its support for clean energy investments.

The Industrial Development Bank of Turkey (TSKB), which finances investments based mainly on wind, geothermal, solar and biogas resources in the field of renewable energy, draws attention to the importance of clean energy on 15 June World Wind Day. Providing financing for 330 projects with a total installed capacity of 6,594 MW in the field of renewable energy, TSKB represents 13.3% of Turkey’s renewable energy power with these investments. With these investments, 94% of which have started production in MW, a contribution of 12.2 million tons is made to the annual carbon emission reduction of our country. Wind energy investments, for which TSKB has financed 1.6 billion USD so far, have reached an installed power of 1,710 MW with 38 power plants as of the end of 2020.

While the total investment amount of renewable energy projects financed by TSKB between 2003 and 2020 was USD 11.3 billion, the loan amount committed by TSKB for all these projects, including wind energy, is approximately USD 4.9 billion.

“We examine the environmental and social effects of clean energy investments from multiple perspectives”

Stating that they take an active role as a bank in the fight against global climate change, TSKB Deputy General Manager Hasan Hepkaya said, “We examine and evaluate the environmental and social impacts of the clean energy investments we finance. We provide technical support to the studies needed to take the necessary actions to minimize the negative effects. We are working without slowing down for the transition process of our country to a low-carbon economy with the financing of wind power plants, which have very positive effects in terms of access to clean energy.”


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