ADB, Ronesans Sign Financing to Invest in Hyperscale Data Center, Boost Renewable Energy in Turkiye
Turkey, Oct. 22 -- The Asian Development Bank (ADB) and Ronesans Holding A.?. (Ronesans) have signed a $75 million loan to expand renewable energy investments and develop digital infrastructure in Turkiye-ADB's first loan with Ronesans and first financing for digital infrastructure in the country. The partnership will help advance the country's energy security and growing digital economy.ADB's financing will support Ronesans' renewable energy platform by installing additional battery energy storage capacity by 2029. The financing will also develop a hyperscale data center powered by hybrid renewable energy in Turkiye. By combining clean power with energy-efficient digital infrastructure, the transaction is expected to expand the country's r...
To read the full article or to get the complete feed from this publication, please
Contact Us.