World Bank allocates USD 549m to green Turkey's public buildings

The World Bank on Tuesday approved a USD-549-million (EUR 508m) investment to boost the adoption of renewable energy in Turkey's public sector with a focus on central government and municipal facilities.

The Public and Municipal Renewable Energy Project can help address the impact of rising energy prices on municipal energy bills, while helping the country deliver on its climate commitments, explained Humberto Lopez, World Bank Country Director for Turkey.

The project will also contribute to expanding the distributed renewable energy market, help to demonstrate sustainability leadership in the public sector, as well as support pilots that combine distributed renewables with electrification of heating through heat pumps.

Turkey has significant solar, wind and geothermal resources, with renewable energy accounting for about half of its installed capacity and 45% of power generation. However, more efforts are needed to decarbonise the power sector, the World Bank says.

(USD 1 = EUR 0.925)

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