Turkey inks $1b renewable energy support programme with W. Bank

The World Bank and Turkey have inked a deal for a $1 billion programme aimed at bolstering efforts to expand renewable energy, according to Reuters.

This initiative intends to facilitate the development and growth of Turkey’s distributed solar energy market while also piloting a battery storage programme.

Implementation of the programme will be carried out by Turkey’s Development and Investment Bank (TKYB) and Industrial Development Bank (TSKB), as per Reuters report.