Turkey | Green for Growth Fund

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Photo GGF - three wind turbines in front of blue sky

Investees/Clients
The Green for Growth Fund provides credit lines to financial institutions in Southeast Europe and in the Middle East and North Africa (MENA) for on-lending to private households, homeowners associations, businesses, municipalities and public sector entities to finance energy efficiency measures and renewable energy projects. GGF also provides loans directly to renewable energy companies and projects, energy service companies, small scale suppliers of energy efficiency and renewable energy services and equipment suppliers.
For more information about funding opportunities, please select among the following:
- You are▼
  A Financial Institution
  An Energy Service Company
  A Renewable Energy Project Developer
  A Supplier of Energy Efficiency and Renewable Services or Equipment
  A Municipality or Public Entity

Donors
The Green for Growth Fund is a unique Public Private Partnership with the goal to promote the development of energy efficiency and renewable energy markets in Southeast Europe and the Middle East and North Africa (MENA) through the provision of dedicated financing. It also provides well-tailored technical assistance for capacity building in partner institutions.
To learn more about the specific roles of donor agencies and private donors in the Investment Fund and Technical Assistance Facility, please choose among the following:
- You are▼
  A Donor to the Investment Fund
  A Donor to the Technical Assistance Facility

Investors
The Green for Growth Fund is a unique Public Private Partnership with the goal to promote the development of energy efficiency and renewable energy markets in Southeast Europe and in the Middle East and North Africa (MENA) through the provision of dedicated financing. It also provides well-tailored technical assistance for capacity building in partner institutions.
To learn more about the specific roles of international financial institutions and investors in the Investment Fund, please choose among the following:
- You are▼
  An International Financial Institution
  A Private Sector Investor

Consultants

The implementation of our technical assistance projects is entrusted to dedicated and competent consultants who provide the Partner Institutions of the Green for Growth Fund with high quality support. Experienced professionals with expertise in the energy efficiency and renewable energy sector are essential in achieving GGF´s goals. Therefore, support by independent consultants as well as by companies working in the aforementioned areas is highly appreciated.

If you are a consultant or a company offering services in the area of energy efficiency and renewable energies and interested in cooperating with GGF’s Technical Assistance Facility you are welcome to contact us. After screening your credentials, we will include your profile in our expert database for future reference. Please send your curriculum vitae or your company profile including information on your areas of expertise to the Manager of the GGF Technical Assistance Facility, Finance in Motion:

Finance in Motion GmbH
Gemma Ferst
Carl-von-Noorden-Platz 5
60596 Frankfurt am Main
Germany

Phone: +49 (0) 69 97 78 76 50 - 27
Fax: +49 (0) 69 97 78 76 50 - 10
E-mail: ta@finance-in-motion.com

Investments - Turkey

Status: as at 30 June 2017
Partner Institution	Garanti Leasing
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	January 2017
Size	EUR 15 million
Project Description and Objectives	Foster Investments in EE and RE equipment by Turkish MSMEs.

For more information, please see:
Press release "GGF, GARANTI LEASING FUND CUTS IN ENERGY USE, EMISISIONS AT SMALL BUSINESSES IN TURKEY"

Partner Institution	Yapı Kredi Leasing
Target Partner	Turkey
Counterparty Sector	Leasing Company
Signing Date	June 2016
Size	EUR 20 million
Project Description and Objectives	Further support the company's financing program for RE production and EE machinery.

For more information, please see:
Press release "GGF INCREASES SUPPORT FOR YAPI KREDI LEASING WITH 3RD LOAN"

Partner Institution	Odea Bank
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	November 2015
Size	USD 11 million
Project Description and Objectives	Assist the bank in expanding lending for wind and geothermal Renewable Energy (RE) projects

For more information, please visit:
Press release "GGF AND ODEABANK TO EXPAND RENEWABLE ENERGY LENDING IN TURKEY"

Partner Institution	Burgan Leasing
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	September 2015
Size	EUR 5 million
Project Description and Objectives	Funding will contribute to the modernization of machinery and equipment as well as to the expansion of solar plants

For more information, please visit:
Press release "GGF AND BURGAN LEASING SIGN EUR 5 MILLION SENIOR LOAN"

Partner Institution	Finans Leasing
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	September 2015
Size	EUR 15 million
Project Description and Objectives	Help the bank provide SME's with financing for upgrading to more energy-efficient equipement and offer renewable energy leases

For more information, please visit:
Press release "GGF AND FINANS LEASING TO EXPAND GREEN LENDING TO SMALL AND MEDIUM BUSINESSES IN TURKEY"

Partner Institution	Ak Finansal Kiralama A.S. (Aklease)
Target Partner	Turkey
Counterparty Sector	Leasing Company
Signing Date	September 2014
Size	EUR 20 million
Project Description and Objectives	Support the company's capacity to provide long-term financing for RE projects.

Partner Institution	Yapi Kredi Leasing
Target Partner	Turkey
Counterparty Sector	Leasing Company
Signing Date	August 2014
Size	EUR 15 million
Project Description and Objectives	Long-term credit line to support the company's capacity for sustainable long-term EE equipment financing.

Partner Institution	Fibabanka
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	August, 2014
Size	EUR 40 million
Project Description and Objectives	Credit line to finance EE investments of Turkish entrepreneurs.

Partner Institution	Yapi Kredi Leasing
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	November, 2010
Size	EUR 20 million
Project Description and Objectives	Loan to finance the expansion of Yapi Kredi Leasing energy efficiency leasing program, helping Turkish small and medium-sized enterprises (SMEs) to reduce their energy costs and consumption as well as reduce CO2 emissions.

For more information, please visit:
Press release "Green for Growth Fund, Southeast Europe signs energy efficiency loan with Turkish Yapi Kredi Leasing"

Partner Institution	Şekerbank
Target Partner	Turkey
Counterparty Sector	Financial Institution
Signing Date	June, 2010
Size	EUR 25 million
Project Description and Objectives	Credit line to expand the Bank's energy efficiency financing program, targeted at Turkish private households, homeowners, small and medium-sized enterprises.

For more information, please visit:
Press release "Green for Growth Fund, Southeast Europe makes first investment in Turkey"

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