In December 2014, OeEB provided a long-term credit line of EUR 25 million to Sekerbank Turkey for the financing of energy efficiency projects. It is OeEB’s second energy efficiency credit line to Sekerbank. Already in February 2011, OeEB and KfW provided EUR 20 million, with EUR 10.8 million coming from OeEB.
|Project name||Sekerbank Turkey|
|Sector||Energy / Resource efficiency / Infrastructure|
|OeEB project volume||EUR 25 million|
Special loans for energy efficiency investments
Rising energy demand and energy costs in Turkey have made efficiency investments a necessity. Sekerbank, which specialises in the financing of micro-, small and medium enterprises (MSME), can now expand its portfolio of loans in the area of energy efficiency due to the cooperation with OeEB.
Such projects are important due to the fact that the possibility of receiving credits to finance energy efficiency projects in Turkey is currently limited. There is also a lack of know-how for the realisation of energy-saving potential. Special credit instruments granted by Sekerbank to MSME and households close a funding gap and therefore support nationwide energy efficiency.