ANTALYA, Türkiye — The European Bank for Reconstruction and Development (EBRD) has committed to investing US$ 6 billion over the next five years into the newly launched Türkiye Renewable Energy Acceleration and Clean Transition (REACT) platform.
Announced on Tuesday, November 11, 2026, during the ongoing UN COP31 climate summit, the initiative aims to mobilize a staggering US$ 300 billion across Türkiye’s renewable energy value chain by 2040.
Mobilizing Finance for Türkiye’s Clean Energy Future
EBRD REACT Investment Overview
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| COMMITMENT: US$ 6 billion from EBRD over the next 5 years |
| PLATFORM GOAL: Mobilise US$ 300 billion for energy transition by 2040 |
| TARGET: 175 GW of installed solar and wind capacity by 2040 |
| PARTNERS: EU, World Bank, IFC, GFANZ, UNIDO, and international donors |
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Developed in close coordination with Türkiye’s Ministry of Energy and Natural Resources, the REACT framework brings together international financial institutions, public bodies, and private sector investors to accelerate green infrastructure. Key areas of funding include:
- Renewable Generation: Supporting Türkiye’s target of reaching 175 GW of installed solar and wind capacity by 2040.
- Grid and Storage Upgrades: Modernizing grid infrastructure, energy storage solutions, and flexibility measures to handle large-scale renewable integration.
- Electrification: Advancing industrial electrification in alignment with the COP31 35-by-35 Global Electrification Pledge.
Institutional Backing and Strategic Vision
EBRD President Odile Renaud-Basso highlighted the bank’s long-standing footprint in the country’s energy market, where the institution has previously invested more than €26 billion.
“The EBRD has a substantial footprint in Türkiye’s energy sector, and we stand ready to build on this experience by mobilising investment and deploying our expertise to support the country’s energy transition,” said Renaud-Basso.
The platform is co-supported by major international stakeholders, including the European Union, the World Bank, the International Finance Corporation (IFC), the Glasgow Financial Alliance for Net Zero (GFANZ), and the United Nations Industrial Development Organization (UNIDO), establishing a unified investment roadmap for sustainable economic resilience.
European-Bank-for-Reconstruction-and-Development-Headquarters-EBRD-London-UK-Picture-by-EBRD-Dermot-Doorly
