TuREEFF (Turkish Residential Energy Efficiency Financing Facility) is a programme developed by the EBRD
(European Bank of Reconstruction and Development) and supported by CTF (Clean Technology Fund) and
the EU (European Union) that aims to provide finance to residential consumers who wish to invest in Energy
Efficiency projects in their homes.
It is a framework operation developed for financing eligible Energy Efficiency investments at a residential level, through the Participating Financial Institutions (PFIs).
TuREEFF will combine 270 million dollars of EBRD and CTF loans to promote a transition to Energy Efficiency lending by the PFIs, complemented by a comprehensive, donor funded, technical assistance programme.
A team of local and international experts provides support to help prospective borrowers identify and develop Energy Efficiency Sub-projects and prepare successful loan applications under TuREEFF. This technical assistance is provided free of charge and carried out with funding by the European Union (EU)
The TuREEFF programme is being implemented by MWH Turkey.
The European Bank for Reconstruction and Development – The EBRD is providing 282.5 million USD to Participating Banks for on-lending.
Clean Technology Fund – CTF is providing 67,5 million USD.
The European Union – Technical Assistance of the program is financed by EU
Participating Financial Institutions – Turkish commercial banks particiapting in TuREEFF programme Participating Financial Institutions of the programme: Garanti Bankası, Şekerbank, Türkiye İş Bankası and Yapı ve Kredi Bankası
The Sub-borrowers – Beneficiaries of loans and free technical assistance provided by the Project Consultant.
The Project Consultant – Provides free technical assistance to sub-borrowers.
The Consortium of MWH has been hired as the ”Project Consultant (PC)” of the TuREEFF programme, by the EBRD. The Consortium will be responsible of the implementation of the TuREEFF programme and will provide technical assistance for residential EE project borrowers,
The PC will also provide overall project coordination, capacity building and training to the Participating Financial Institutions, including training of trainers and providing advice on the eligibility of the sub-projects proposed to be financed under the Facility.