Turkey SME Energy Efficiency Project

closed

The development objective of the Small and Medium Enterprises (SMEs) Energy Efficiency Project for Turkey is to improve the efficiency of energy use in small and medium enterprises, by scaling-up commercial bank lending for energy efficiency investments. The global environmental objective is to reduce Greenhouse Gas (GHG) emissions through the removal of barriers to energy efficiency financing in the SMEs sector. There are two components to the project. This component consists of investment lending and includes support for sub-project development, appraisal and monitoring: International Bank for Reconstruction and Development (IBRD) on-lending, and loan loss reserve fund. The second component of the project is policy support and technical assistance to General Directorate of Renewable Energy (GDRE). Two sub-components are envisaged under this component: market development and information dissemination, and policy dialogue and capacity building within Ministry of Energy and Natural Resources (MENR).