Istanbul, Türkiye, 27 October 2025 – The Green for Growth Fund (GGF) has partnered with Enerjisa Enerji, Türkiye’s largest energy service provider, to support the expansion of electric vehicle (EV) charging infrastructure across Türkiye through a landmark local currency loan. The long-term financing facility, totaling the equivalent of USD 340 million and structured in coordination with IFC, AIIB, and FMO, represents GGF’s first local currency financing in the country.
This investment will enable Enerjisa Enerji’s subsidiary, Eşarj, to deploy EV chargers nationwide, with a strategic focus on high-power DC units at key locations such as shopping malls, petrol stations, automotive dealerships, and highway rest stops. The initiative supports Türkiye’s transition to sustainable mobility and aligns with GGF’s mission to catalyze green investments.
This partnership marks a significant milestone in GGF’s commitment to enabling green infrastructure in emerging markets and reinforces Enerjisa Enerji’s leadership in advancing clean energy solutions across Türkiye.
Simon Gupta, GGF Board Chairperson said, “Partnering with leading corporates like Enerjisa Enerji is essential to scaling the impact of green finance. These collaborations allow us to channel capital into high-impact infrastructure that accelerates the energy transition.”
Borislav Kostadinov, Fund Director of GGF, stated, “We welcome Enerjisa Enerji as a partner in expanding Türkiye’s EV charging network. This investment will deliver measurable environmental benefits by supporting cleaner transport and reducing emissions at scale.”
Enerjisa Enerji CEO Murat Pınar stated that the collaboration with international financial institutions reflects confidence in Türkiye’s energy transition process, “This agreement is a testament to Enerjisa Enerji’s commitment to taking responsibility in the new energy era. To us, energy is not merely a resource, but a key driver of development and social progress. Starting with the Toroslar region, we are building a more resilient, smarter, and more efficient energy system, through the infrastructure and grid modernization projects we carry out in every city we serve. We contribute to our country’s low-carbon future with our renewable energy investments and the electric vehicle charging infrastructure of Eşarj, while our long-term collaborations with international financial institutions helps accelerate Türkiye’s energy transition. Guided by our principles of transparency, trust, and sustainability, we are continuing our investments toward a better future for all with unwavering commitment.”
About the GGF
The Green for Growth Fund promotes energy efficiency and renewable energy in Southeast Europe, the Caucasus, the Middle East, and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households access sustainable energy solutions, fostering energy efficiency and reducing carbon emissions. GGF was initiated as a public-private partnership by the European Investment Bank and Germany’s KfW Development Bank, with financial support from the European Union, BMZ, and other international investors. Finance in Motion GmbH, Germany, serves as GGF’s advisor. www.ggf.lu
About Finance in Motion
Finance in Motion structures, manages, and advises almost €4 billion across 9 funds, all classified as Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building. Founded in Germany, with local expertise from Latin America to CEE, it has been investing in emerging markets for over 20 years. www.finance-in-motion.com
About Enerjisa Enerji
Enerjisa Enerji, which pioneers the energy transformation in Türkiye by using the multiplier effect of sustainability and technology in line with its vision of ‘a better future for all,’ provides service to 25 percent of Türkiye in electricity distribution and retail, which are the main fields of activity of the company. Enerjisa Enerji, the prominent player in the industry, reaches 10.9 million customers in 14 provinces and provides electricity distribution services to more than 22 million users. While Enerjisa Enerji offers renewable energy and efficiency solutions to its customers via its Energy of My Business brand, the company also operates the first charging station network in Türkiye with Eşarj, the company of which Enerjisa Enerji owns 100% of its shares. 20 percent of Enerjisa Enerji, whose main shareholders are Sabancı Holding and E.ON, is publicly traded in Borsa Istanbul.
Media contact GGF
Nusha Westhoff
Director Marketing & Communications
Mobile: +49 69 271 035-789
Email: press@ggf.lu