The Asian Infrastructure Investment Bank (AIIB) and Türkiye’s Development and Investment Bank (TKYB) have joined forces in a $200 million deal to support the country’s shift toward cleaner energy and digital growth, according to a press-release. This long-term partnership will back projects aimed at cutting emissions and boosting digital infrastructure over the next 15 and a half years.
The new facility includes funds in both US dollars and euros and builds on a multi-year investment agreement signed earlier this year. Kim-See Lim, AIIB’s Chief Investment Officer for the public sector, said the partnership is designed to spark more private investment in Türkiye’s energy and industrial sectors as the country moves toward climate and digital goals.
The funds will go to private projects focused on renewable energy like wind and solar, energy-saving technologies, battery storage, and cutting carbon emissions in heavy industries. The facility will also help expand digital networks, supporting Türkiye’s broader push for digital transformation.
TKYB’s CEO İbrahim Öztop said the deal supports Türkiye’s clean energy and sustainable growth plans while helping businesses become more energy efficient and climate resilient. He added that the funding will also back investments in digital infrastructure that are key to staying competitive globally.
This initiative fits Türkiye’s goals under the Paris Agreement to reduce greenhouse gases and promote sustainable development. It matches AIIB’s push for green infrastructure, private investment, and technology-driven projects—with at least 90% of the funds aimed at climate-related efforts.
