The financing consists of a $300m loan from the International Bank for Reconstruction and Development, and $50m from the Clean Technology Fund, both guaranteed by the Turkish Treasury.

The funding aims to help the country meet its increasing power demand by facilitating large-scale renewables generation.

State-controlled TEIAS will implement the project, which the treasury says "aims to extend and strengthen the electricity transmission network, integrate the wind-power investments to the transmission network and support the European Network of Transmission System Operators for Electricity”.

Martin