New Agreement of 250 Million Euros for Climate Finance from TSKB and KfW Development Bank
TSKB signed a new loan agreement of 250 million Euros with KfW Development Bank. T.R. With this resource provided under the guarantee of the Ministry of Treasury and Finance, climate finance themed investments throughout Türkiye and projects that will strengthen the economic cooperation between Türkiye and Germany will be supported. TSKB General Manager Ozan Uyar, in his evaluation of the agreement, stated that he had been with KfW for 56 years.Stating that there is a strong cooperation extending to the
TSKB (Turkish Industrial Development Bank) signed the 250 million Euro Climate Finance and Economic Cooperation Loan with KfW Development Bank. T.R. With the resources provided with the guarantee of the Ministry of Treasury and Finance, renewable energy, energy efficiency, energy storage, adaptation to climate change, climate industries, circular economy, environmental products and services under the theme of climate finance throughout Turkey.Other climate-related investments will be financed. In addition, investments that will strengthen Turkey's cooperation with the European Union, especially Germany, will be prioritized. With this resource, TSKB increases its contribution to low-carbon and climate-resilient development goals.
Commenting on the agreement TSKB General Manager Ozan Uyar "We are very pleased to consolidate our 56-year strategic cooperation with KfW, which started in 1969, with a new resource that supports Turkey's greenhouse gas emission reduction target. With this resource of 250 million Euros that we have brought to our country, we will enable climate-friendly investments in a wide range of areas, from renewable energy to circular economy, from energy storage to environmental products."We will provide financing. With this resource, we will strengthen the economic cooperation between Türkiye and Germany and increase our contribution to the green transformation of our country. Thus, we will take another important step towards Turkey achieving the Sustainable Development Goals.” he said.
Sharing his views on the new cooperation between TSKB and KfW KfW South Eastern Europe and Türkiye Director Dr. Klaus Müller "Our 56-year cooperation with TSKB is entering a new and strategic era with this agreement. While this resource provided will support sustainable growth and reduction of carbon emissions, it will accelerate Türkiye's green transformation by enabling the implementation of high-impact projects, and will also mutually enhance German-Turkish economic interests."will support. “We express our gratitude for the support and guarantee provided by the Ministry of Treasury and Finance of the Republic of Turkey, and we hope to continue this partnership with the same trust and determination in the coming years.” he said.
