Over 50,000 Turkish households availed of $350 million in funding energy efficiency in buildings and equipment through a lending program jointly developed by several clean finance institutions, the European Bank for Reconstruction (EBRD) announced Tuesday during a meeting.

The EBRD, the European Union, and the Clean Technology Fund (CTF) under Climate Investment Funds (CIF) developed the Turkish Residential Energy Efficiency Financing Facility (TuREEFF).

The EBRD-led TuREEFF program provided up to $350 million to four local banks: Garanti BBVA, Sekerbank, Turkiye Is Bankasi and Yapi Kredi Bankasi. The funds were then on-lent to households, construction companies and vendors of energy-savings

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