Odile Renaud-Basso, President of the EBRD
As noted by the Anadolu Agency, the funds will be channelled through the new REACT platform, which aims to attract $300 billion in investment for the country’s energy transition by 2040.
Where the investments will be directed
The EBRD has joined the Türkiye Renewable Energy Acceleration and Clean Transition Platform (REACT), established in collaboration with the Turkish Ministry of Energy and Natural Resources. The initiative was presented at the UN Climate Change Conference COP31, taking place in Antalya from 9 to 20 November 2026.
The platform covers several areas: the construction of solar and wind power facilities, the modernisation of electricity grids, the development of energy storage systems, increasing the flexibility of the power system, the manufacture of energy equipment, and electrification.
According to the participants’ vision, REACT is intended to bring together government bodies, international financial organisations, investors and the private sector to coordinate projects and attract funding. In addition to the EBRD, the initiative is supported by the European Union, the World Bank, the International Finance Corporation and other international institutions.
Turkey aims for 175 GW of solar and wind capacity
One of Turkey’s objectives is to increase the installed capacity of solar and wind power stations to 175 GW by 2040. Achieving this target will require not only new generation capacity but also the expansion of grid infrastructure, energy storage systems and additional investment in supply chains.
An official statement quotes EBRD President Odile Renaud-Basso as saying that the bank intends to draw on its accumulated experience in the Turkish energy market and its own financial instruments to support the country’s transition to a more sustainable energy model.
According to the bank, the total volume of its investments in Turkey has already exceeded €26 billion. The bulk of these funds is channelled into the private sector.
What the new platform means for the energy market
The REACT platform is designed to link Turkey’s renewable energy development goals with specific investment projects. In addition to increasing electricity generation from renewable sources, the modernisation of grids and the development of storage facilities should facilitate the integration of solar and wind generation into the power system.
The stated figure of $300 billion represents the target investment volume that the platform aims to mobilise by 2040. The $6 billion announced by the EBRD relates to its plans to invest in REACT projects over the next five years.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
Follow our updates
Have information for the newsroom? Share it with Logos-Press
Comments
0No comments yet. You can start the conversation.
Comments are open to readers with a Logos Press account.
Sign in to comment