The European Bank for Reconstruction and Development (EBRD) has acquired the carbon credits from the 77 MW Edincik wind farm in Turkey to offset its emissions.
The carbon credits will be used to compensate for emissions from its London headquarters, regional offices, and flights in 2017.
The Edincik wind park developed on the southern coast of the Sea of Marmara has been financed by Işbank, a partner bank of the EBRD’s credit line for medium-sized sustainable energy projects in Turkey (MidSEFF).
Country updates
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February 04, 2019
Palmet Enerji bids for EWE’s Turkish energy assets
Palmet Enerji has agreed to acquire EWE's Turkish energy assets after Azerbaijan state oil company SOCAR dropped out of the deal. The deal represents an investment between EUR130 ...
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January 30, 2019
US$4.4 billion financial close for Trans-Adriatic Pipeline
The Trans Adriatic Pipeline (TAP) successfully completed financial close in December 2018, securing EUR3.9 billion (US$4.44 billion) - the largest project finance agreed for a European infrastructure...
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December 04, 2018
Siemens Gamesa discloses new projects totaling 263 MW
Siemens Gamesa Renewable Energy (SGRE) continues to reinforce its strong market position with the supply of 263 MW to onshore wind projects in Sweden, Norway, Germany and Turkey. The turbines typ...
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September 12, 2018
EBRD to finance 327 MW renewable projects in Turkey
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a financing package of up to US$102 million to the renewable energy arm of the Turkish conglome...
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August 09, 2018
EWE to divest its stakes in Turkish gas business to SOCAR
EWE has launched the divesting process in its stakes in Turkish gas distribution businesses Bursagaz AS and Kayserigaz AS. EWE owns a total of 80 percent of the shares of Bursagaz AS an...
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