US Department of Energy – NZZ Workshop in Istanbul
25th September 2012
Turkey Sustainable Energy Financing FacilityTürkiye Sürdürülebilir Enerji Finansman Programı
Programa Destek Verenler:
Turseff, EBRD tarafından geliştirilmiştir
‣ A USD 260 million credit facility, developed by EBRD for investments in energy efficiency and renewable energy sector
‣ Focus on SME Sector
‣ Launched in July 2010
‣ Disbursement to date >USD 230 million
‣ Full disbursement expected by fall 2012
What is TURSEFF
Introduction
How it works
Project Structure
PROFITABILITY
TechnicalTechnicalAssistanceAssistance
Implementation Team
Commercial/IndustrialEnergy Efficiency &Renewable Energy Projects
Standardised Process
Comprehensive Assessment
Verification Verification ConsultantConsultant
Residential / Small-Scale Energy Efficiency
Loan FacilityUS$ 260 m
5 Special Loan Products
Loan Categories
Who can apply for a TURSEFF loan?
‣ Eligible companies are at least 51% privately owned
‣ Eligible companies comply with the EU criteria for SMEs:‣ Less than 250 employees and
‣ Maximum turnover of EURO 50 million or
‣ Maximum assets of EURO 43 million
‣ Subsidiaries of larger companies are eligible as long as the subsidiary is in compliance with the SME criteria
‣ Housing associations, which are in compliance with the SME criteria are eligible
‣ ESCOs are eligible
Project related eligibility criteria
Disbursement by Loan Category
Project Performance
Number of Projects
Number of Projects
Value of ProjectsValue of Projects
‣ Example: SUPPLIER LOANS. To date 36 supplier loans issued, with a total value of USD 20.5 million
Regional Efforts
‣ To date 24 Vendor Loans
‣ Total value USD 43.5 million
‣ Across various sectors:
‣ HVAC
‣ LED
‣ Insulation
‣ Expected outreach:
‣ > 50,000 individual households
‣ To reach this directly would have required an advertising budget of several million US$
Vendor Loans
Reaching the maximum number of households even in far-flung regions
‣ First EPC contracts
‣ Commended by the Turkish Energy Minister
‣ > USD 230 disbursed
‣ Energy Saved: Nearly 2.5 million MWh/year in primary energy
‣ Avoided cost of imported oil: Nearly USD 131 million
‣ Annual Carbon Emission Savings: >623,000 tons CO2eq
TURSEFF Results
Innovations and achievements
‣USD 30 million left in total in Vakifbank and Isbank
‣ Akbank to receive another US$ 20 million in October
‣ EBRD announced TURSEFF II – another USD 200 million credit line startin in 2013.
Next Steps
TURSEFF II is coming
