US Department of Energy – NZZ Workshop in Istanbul

25th September 2012

Turkey Sustainable Energy Financing FacilityTürkiye Sürdürülebilir Enerji Finansman Programı

Programa Destek Verenler:

Turseff, EBRD tarafından geliştirilmiştir

‣ A USD 260 million credit facility, developed by EBRD for investments in energy efficiency and renewable energy sector

‣ Focus on SME Sector

‣ Launched in July 2010

‣ Disbursement to date >USD 230 million

‣ Full disbursement expected by fall 2012

What is TURSEFF

Introduction

How it works

Project Structure

PROFITABILITY

TechnicalTechnicalAssistanceAssistance

Implementation Team

Commercial/IndustrialEnergy Efficiency &Renewable Energy Projects

Standardised Process

Comprehensive Assessment

Verification Verification ConsultantConsultant

Residential / Small-Scale Energy Efficiency

Loan FacilityUS$ 260 m

5 Special Loan Products

Loan Categories

Who can apply for a TURSEFF loan?

‣ Eligible companies are at least 51% privately owned

‣ Eligible companies comply with the EU criteria for SMEs:‣ Less than 250 employees and

‣ Maximum turnover of EURO 50 million or

‣ Maximum assets of EURO 43 million

‣ Subsidiaries of larger companies are eligible as long as the subsidiary is in compliance with the SME criteria

‣ Housing associations, which are in compliance with the SME criteria are eligible

‣ ESCOs are eligible

Project related eligibility criteria

Disbursement by Loan Category

Project Performance

Number of Projects

Number of Projects

Value of ProjectsValue of Projects

‣ Example: SUPPLIER LOANS. To date 36 supplier loans issued, with a total value of USD 20.5 million

Regional Efforts

‣ To date 24 Vendor Loans

‣ Total value USD 43.5 million

‣ Across various sectors:

‣ HVAC

‣ LED

‣ Insulation

‣ Expected outreach:

‣ > 50,000 individual households

‣ To reach this directly would have required an advertising budget of several million US$

Vendor Loans

Reaching the maximum number of households even in far-flung regions

‣ First EPC contracts

‣ Commended by the Turkish Energy Minister

‣ > USD 230 disbursed

‣ Energy Saved: Nearly 2.5 million MWh/year in primary energy

‣ Avoided cost of imported oil: Nearly USD 131 million

‣ Annual Carbon Emission Savings: >623,000 tons CO2eq

TURSEFF Results

Innovations and achievements

‣USD 30 million left in total in Vakifbank and Isbank

‣ Akbank to receive another US$ 20 million in October

‣ EBRD announced TURSEFF II – another USD 200 million credit line startin in 2013.

Next Steps

TURSEFF II is coming