Climate Finance Programme Türkiye
Within the framework of a multilateral Memorandum of Understanding (MoU) between Türkiye and six development partners, the German government has pledged concessional loan financing of EUR 200 million for additional climate change mitigation measures in Türkiye. The loan financing will be provided by Kreditanstalt für Wiederaufbau (KfW) under an untied financial loan (UFK). In order to ensure the promotion of particularly ambitious and innovative measures, the UFK loan will be flanked by investment cost subsidies. This funding will ensure a high level of ambition in climate financing and to make projects possible that go beyond standard technical and commercial practice. In addition to the investment cost subsidies, capacity building and market development measures will also be implemented.
- Countries
- Türkiye
- IKI funding
- 20,000,000.00 €
- Duration
- 03/2023 till 02/2028
- Status
- open
- Implementing organisation
- KfW Entwicklungsbank
- Political Partner
-
- Ministry of Environment, Urbanization and Climate Change (MoEUCC) - Türkiye
- Ministry of Treasury and Finance of the Republic of Türkiye
- Implementing Partner
-
- Climate Change Presidency
- Development and Investment Bank of Turkey (TKYB)
- Industrial Development Bank of Turkey (TSKB | Türkiye Sınai Kalkınma Bankası)
State of implementation/results
- Investment cost subsidies for projects totalling EUR 11 million were approved by April 2025. The entire EUR 18 million in project grants is expected to be approved by the end of 2025. The subsidies will primarily be channelled into the expansion of renewable energy generation.
- The subsidies will create 10.4 MW of generation capacity, which will generate 16,290 MWh of green electricity per year and avoid 5,718 tonnes of CO2. In addition, subsidies were approved for the production of efficient heat pumps and for the production of large-scale battery storage systems.
Latest Update:
12/2025
Project relations
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