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Home » Finance » CIF Backs $1 Billion Turkey Grid Modernization Plan to Boost Renewables
Finance

CIF Backs $1 Billion Turkey Grid Modernization Plan to Boost Renewables

By Stanley SheltonNovember 1, 20241 Min Read
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The Climate Investment Funds (CIF) has committed $70 million to launch a $1 billion project aimed at upgrading Turkey’s electricity grid for renewable energy expansion. This initial investment, channeled through CIF's Renewable Energy Integration (REI) platform, seeks to attract an additional $790 million for transmission infrastructure and $330 million for technological upgrades. In collaboration with

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