Energy finance in Türkiye
Türkiye has 15 active World Bank energy projects, with $4.84 billion committed, the 2nd largest of 102 countries. 100.0% of its people had electricity in 2024.
- Committed
- $4.84bn
- Projects
- 15
- Per person
- $56
- Electricity access
- 100%
Active projects
- Gas Storage Expansion Project$1.55 billion
The Project Development Objective is to increase the reliability and security of gas supply in Turkey by expanding underground gas storage capacity in the country.
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To expand the distributed solar photovoltaic market, improve the related policy environment, and promote innovation and inclusiveness, thereby contributing to a reduction in greenhouse gases (GHG) emissions.
- Public and Municipal Renewable Energy Project$552 million
The development objective is to increase the use of renewable energy through self-generation in public facilities.
- Türkiye Green Industry Project$450 million
The PDO is to support an efficient green transformation for industrial firms in Trkiye.
- Renewable Energy Integration$350 million
The PDO is "To assist Turkey in meeting its increased power demand by strengthening the transmission system and facilitating large-scale renewable energy generation".
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The PDO is "To assist Turkey in meeting its increased power demand by strengthening the transmission system and facilitating large-scale renewable energy generation".
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The Project Development Objective is to scale up private sector investment in geothermal energy development in Turkey.
- Turkey Geothermal Development Project$290 million
The Project Development Objective is to scale up private sector investment in geothermal energy development in Turkey.
- Turkey Energy Efficiency in Public Buildings$200 million
The project development objectives are to reduce energy use in central government buildings and inform the development of sustainable financing mechanisms to support a scaled-up, national program for energy efficiency in public buildings.
- Sustainable Cities$158 million
The Project Development Objective is to improve the planning capacity of and access to targeted municipal services in participatingmunicipalities and utilities.
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The PDO is to support the Government of Trkiye in the development and implementation of carbon pricing mechanisms and to enhance expertise and capacity for carbon market implementation.
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The PDO is to assist Trkiye to improve the investment potential for offshore wind energy generation by de-risking the selected sites and reinforcing institutional capacities.
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The project development objective is to: (i) identify low-carbon energy technologies to be deployed by BOTAS, (ii) increase MENR's capacity to promote awareness of households on energy efficiency benefits, (iii) build EMRA's capacity to increase the level of trust and market depth in natural gas market and, (iv) improve TEIAS's capacity for enhanced electricity grid operations.
Source: World Bank Group, updated 22 Oct 2026.
Who else finances energy in Europe and Central Asia
- World Bank (IBRD and IDA)Loans, credits and grants to governments for generation, transmission, distribution and access. Co-leads Mission 300 with the African Development Bank, which aims to connect 300 million Africans to electricity by 2030.
- IFCEquity and loans for private power producers, utilities and off-grid companies; the World Bank Group’s private-sector arm.
- MIGAPolitical-risk insurance and credit enhancement that make cross-border energy investments bankable.
- SEFAGrants and concessional finance for project preparation, mini-grids, clean cooking and green baseload, managed by the African Development Bank.
- OPEC FundPublic- and private-sector loans and grants in developing countries, with energy among its core sectors.
- IsDBSharia-compliant finance for power, renewables and energy access in its member countries.
- GCFGrants, concessional loans, equity and guarantees for low-emission and climate-resilient projects, through accredited entities.
- CIFConcessional finance, delivered through the multilateral banks, for clean technology, renewables in low-income countries and coal transition.
- EIBThe EU’s lending arm: loans for renewables, grids and efficiency inside and outside Europe.
All lenders · How energy projects are financed · Designing a fund? CEII Fund Advisory