ADB Approves $175 Million Loan to Turkiye's ?LBANK to Increase Renewable Energy Use in Municipalities
Turkey, June 24 -- The Asian Development Bank (ADB) has approved a $175.48 million results-based loan to help finance renewable energy-focused activities of ?ller Bankas? Anonim ?irketi (?LBANK), Turkiye's state-owned development and investment bank overseeing and financing municipalities for government-approved development projects.The Municipal Renewable Energy Transition Program aims to support implementation of the government's Energy Transition Plan with the goal of net zero emissions by 2053. The program will finance subprojects for metropolitan, provincial, and district municipal governments to construct solar and wind energy infrastructure and facilities, including substations, switchgear, switchyards, and access roads. The program ...
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