| Financier | Commitments |
|---|---|
| Energy Sector Management Assistance Program | 3.00 |
| International Bank for Reconstruction and Development | 664.40 |
| Climate Investment Funds | 30.00 |
Accelerating the Market Transition for Distributed Energy Program as part of ECARES MPA
Abstract*
The development objective of the Accelerating the Market Transition for Distributed Energy Program as part of Europe and Central Asia Renewable Energy Scale-up (ECARES) Multiphase Programmatic Approach (MPA) for Türkiye is to increase renewable energy capacity in participating countries of the Europe and Central Asia region. The program development objective (PrDO) will be achieved through investments structured along three pillars: (1) enabling policies... Show More
Development Objective
Expand Türkiye’s distributed solar photovoltaic market and pilot distributed battery electricit y storage to increase renewable energy.
Key Details
Project Details
P176375
Active
Arnaud Braud , Alan Lee, Mariano Gonzalez Serrano
Industrial Development Bank of Turkiye (TSKB),Development and Investment Bank of Turkiye (TKYB)
April 12, 2021
(as of board presentation)
March 28, 2024
September 13, 2024
US$ 842.50 million
Industrial Development Bank of Turkiye (TSKB),Development and Investment Bank of Turkiye (TKYB)
2024
US$ 697.40 million
N/A
Not Applicable
March 30, 2029
BANK APPROVED
July 24, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 664.40 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 664.40 |
| Lending Instrument | |
|---|---|
| Grant Amount | 33.00 |
| Total Project Cost** | 842.50 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 28, 2024 | IBRD-96480 | Loan Commitment | 332,200,000.00 |
| Mar 28, 2024 | IBRD-96470 | Loan Commitment | 332,200,000.00 |
Ratings
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Installed capacity of distributed solar PV supported by the program Value 0.00 0.00 644.00 Date November 1, 2022 December 31, 2028 Comment Distributed solar PV and BESS policy and regulatory framework improved Value No Yes Date November 1, 2022 December 31, 2028 Comment CO2 emissions avoided Value 0.00 0.00 10387000.00 Date November 1, 2022 December 31, 2028 Comment Installed capacity of distributed PV in untapped markets supported by the program Value 0.00 0.00 35.00 Date November 1, 2022 December 31, 2028 Comment BEES installed capacity Value 0.00 0.00 59.00 Date November 1, 2022 December 31, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Eligible distributed solar PV sub-loans disbursed to the C&I sub-borrowers Value 0.00 0.00 517500000.00 Date November 1, 2021 December 31, 2028 Comment Distributed solar PV installed capacity under the eligible sub-loan Value 0.00 0.00 644.00 Date November 1, 2022 December 31, 2028 Comment Changes introduced in regulatory framework to allow participation of third-party energy supply aggregators in the market Value Not completed EMRA by-laws enacted. Date November 1, 2022 December 31, 2024 Comment Enhancement of policy and regulatory framework for battery storage Value Not published Energy storage roadmap published. Date September 1, 2021 September 30, 2027 Comment Strategic plan for decarbonization of energy sector in place Value Not announced Strategic Energy Plan 2024-2028 published Date November 1, 2022 June 30, 2024 Comment [New indicator on greening financing that does not include numerical targets - awaiting proposal from PFIs] Value TBD TBD Date September 1, 2023 September 30, 2027 Comment Eligible distributed solar PV sub-loans disbursed by TSKB Value 0.00 0.00 258800000.00 Date November 1, 2022 December 31, 2027 Comment Distributed solar PV installed capacity supported by TSKB sub-loans Value 0.00 0.00 322.00 Date November 1, 2022 December 31, 2028 Comment Distributed solar PV installed capacity supported by TKYB sub-loans Value 0.00 0.00 322.00 Date November 1, 2022 December 31, 2028 Comment Eligible distributed solar PV sub-loans disbursed to sub-borrowers by TKYB Value 0.00 0.00 258800000.00 Date November 1, 2022 December 31, 2027 Comment DLI-8b: [New indicator on greening financing at TKYB that does not include numerical targets - awaiting TKYB proposal] Value TBD TBD Date September 1, 2023 September 30, 2027 Comment DLI-8a: [New indicator on greening financing at TSKB that does not include numerical targets- awaiting TSKB proposal] Value TBD TBD Date September 1, 2023 September 30, 2027 Comment Battery energy storage system (BESS) installed under the eligible sub-loan Value 0.00 0.00 59.00 Date November 1, 2022 December 31, 2028 Comment Battery energy storage system (BESS) installed under eligible sub-loans disbursed by TSKB Value 0.00 0.00 29.50 Date November 1, 2022 December 31, 2028 Comment Battery energy storage system (BESS) installed under eligible sub-loans disbursed by TKYB Value 0.00 0.00 29.50 Date November 1, 2022 December 31, 2028 Comment Eligible sub-loans of distributed PV disbursed to the untapped markets Value 0.00 0.00 45000000.00 Date September 1, 2023 September 30, 2027 Comment Eligible sub-loans of distributed PV disbursed to the untapped markets at TSKB Value 0.00 0.00 22500000.00 Date November 1, 2022 December 31, 2028 Comment Eligible sub-loans of distributed PV disbursed to the untapped markets at TKYB Value 0.00 0.00 22500000.00 Date November 1, 2022 December 31, 2028 Comment Eligible sub-loan amount disbursed for distributed solar PV to women-inclusive firms/businesses [TBC] Value 0.00 0.00 51750000.00 Date November 1, 2022 December 31, 2027 Comment Eligible sub-loan amount disbursed for distributed solar PV to women-inclusive firms/businesses by TSKB Value 0.00 0.00 25875000.00 Date November 1, 2022 December 31, 2027 Comment Eligible sub-loan amount disbursed for distributed solar PV to women-inclusive firms/businesses by TKYB Value 0.00 0.00 25875000.00 Date November 1, 2022 December 31, 2027 Comment