World Bank and Turkey signs $1 bln renewable energy program

Turkiye Kalkinma ve Yatirim Bankasi

16/05/2024 13:49

ISTANBUL, May 16 (Reuters) - Turkey and the World Bank
signed an agreement for $1 billion program to support renewable
energy expansion efforts, the bank said on Thursday.
    The program will help establish and expand Turkey's market
for distributed solar energy and pilot a program for battery
storage, the bank said in a statement.
    The country's Development and Investment Bank of Turkey
(TKYB) and Industrial Development Bank of Turkey (TSKB) will be
implementing the programme, the bank said.

 (Reporting by Can Sezer;
Editing by Alison Williams)
 ((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))