The bank's statement said that the scope of the Accelerating Transition to Distributed Energy program, approved in 2024 and building on the success of the first phase that provided strong momentum in the country's low-voltage distributed solar energy market, has been expanded.
The statement noted that the expanded financing consists of two IBRD loans of 200 million euros granted to the Turkish Development and Investment Bank AŞ (TKYB) and the Turkish Industrial Development Bank AŞ (TSKB) under the guarantee of Türkiye, and said: “In the program, which is implemented with a results-oriented financing model, payments will be made when the specified targets are achieved and independently verified. With the “In the new phase, the scope of the program includes both decentralized solar energy investments and onshore investments.” New generation wind energy projects and battery storage systems. “It will be expanded to include (BESS) investments.” The expression was used.
The statement noted that Türkiye has significantly increased its renewable energy targets over the past 10 years and the most current renewable energy roadmap envisages an increase in total installed wind and solar capacity to 120,000 megawatts by 2035, as well as a significant increase in battery storage capacity, and noted the following:
“Despite the strong renewable energy potential and growing commercial and industrial demand in response to the entry into force of the European Union's Borderline Carbon Adjustment Mechanism (CBAM) in 2026, access to long-term financing for investments in distributed wind and battery storage remains limited. Local commercial banks are struggling to finance these highly capital-intensive investments due to their short-term liability structures.”
In addition, the statement emphasized that the expanded program addresses the methods described, including the provision of long-term financing from development banks to address the maturity mismatch for these issues, the development of market capacity and financial expertise to assess the risks associated with new network technologies, and the activation of commercial financing by encouraging private sector investments.
The statement highlighted that the program is expected to increase renewable energy capacity by 1,579 megawatts, support 392 megawatt-hours of battery storage capacity, and leverage up to $405 million in private financing, thanks to the assumption of early market risks and extension of loan maturities, and shared the following information:
“The financing for Türkiye is part of the proposed increase of US$2.96 billion in the program's overall resources and will enable further expansion of renewable energy investments across the region. This regional knowledge exchange is supported by the World Bank's Europe and Central Asia Energy Information Network (EKN). This platform, which brings together more than 180 energy sector experts from 21 countries, aims to share successful market approaches, regulatory developments and technical solutions developed in countries such as Turkey “We have been able to share energy efficiency across the region thanks to communities of practice established in the areas of renewable energy and energy efficiency.” offers.”
World Bank Turkey Country Director Humberto Lopez, whose views were reflected in the statement, stated that scaling battery storage and distributed wind investments is the next critical step in preparing Türkiye's energy network for the future, saying: “Closing the commercial financing gap through public development banks will support the competitiveness of Turkish industry by ensuring that investment-ready projects are financially completed, strengthening national energy security and creating local jobs along the renewable energy value chain will be.” gave his assessment.
Charles Cormier, World Bank Regional Director for Infrastructure in Europe and Central Asia, said: “Turkey is playing a leading role in the ECARES program. Thanks to successes in rooftop and commercial-scale solar energy, onshore wind and battery storage, Turkey is creating examples of good practices and knowledge that can be disseminated across the region with a view to modernizing electricity grids, integrating renewable energy and strengthening energy security.” he said.
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