Turkey: Scaling-up Distributed Solar PVs in Turkey, Program for Results (PforR)

proposed

The Program aims to help the Government of Turkey (GoT) to achieve its renewable energy targets by unlocking the underdeveloped potential of the distributed solar photovoltaic (PV) market. It will support investments in the installation of distributed solar PV systems (DSPV) and battery energy storage systems (BESS) in industrial, commercial, public, and residential buildings. The Program will develop innovative financing models and products tailored to solar PV investments for small and medium-scale consumers. The proposed PforR is being developed by the World Bank (WB) and the GoT to contribute to achieving the country's solar PV capacity targets. WB and AIIB will provide sovereign-backed financing to Turkey Sinai Kalkinma Bankas? A.?. (TSKB) and Turkey Kalk?nma ve Yat?r?m Bankas? A.?. (TKYB).