Identifying and Mapping Off-shore Wind and Wave Energy Potential of Turkey (EBRD-10014)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 12, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 8, 2020

Disclosed by Bank Jul 12, 2018


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Project Description

According to EBRD website, the project aims to achieve the following: 

  • To identify the off-shore wind energy potential in Turkey, conduct a market assessment regarding off-shore wind technology and review challenges, risks and opportunities in construction and operation phases of off-shore wind farms;
  • To prepare a cost breakdown and investment analysis of potential off-shore wind farms in Turkey;
  • To improve the existing renewable energy potential atlases of Turkey by using main meteorological inputs and base maps to be provided. The atlases to be developed will include: Wind Energy Potential Atlas (REPA) including both on-shore and off-shore potential in Turkey and; Wave Energy Potential Atlas (DEPA) in Turkey’s seas;
  • To define setbacks for wind energy power plants in Turkey taking best practices in the world into account.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.