EBRD supports EV adoption in Türkiye

The European Bank for Reconstruction and Development (EBRD) is providing a USD 110 million loan to Enerjisa Enerji A.S. in Turkiye to finance a comprehensive investment package that includes expanding the country’s electric vehicle (EV) charging infrastructure.

With the proceeds of the loan Enerjisa will modernise its electricity distribution network with efficient equipment and smart-grid applications and expand its EV charging infrastructure. The investments are part of a capital expenditure programme approved by the country’s energy regulator.
Esarj, one of Enerjisa’s subsidiaries, was one of Turkiye’s first EV charging companies and remains a key player in the field. Enerjisa, itself, is a major electricity distributor, serving a quarter of Turkiye’s population.

In addition to modernising grid applications and expanding its EV charging network, the investment will allow Enerjisa to expand its distributed energy business through its Enerjisa Customer Solutions subsidiary, which provides sustainable and innovative energy solutions.

“The EBRD is committed to a green future by fully aligning all of its activities with the goals of the Paris Agreement. A key strategy for that future is the transformation of the energy sector. We are pleased to be working with an industry leader such as Enerjisa on an investment plan to improve its distribution network and expand its EV charging infrastructure in Turkiye. These efforts will increase the company’s resilience, contribute to a greener energy sector and aid Turkiye in achieving its net-zero targets,” said Nandita Parshad, Managing Director of the EBRD’s Sustainable Infrastructure Group.

The upgrade and modernisation of Enerjisa’s electricity network and the integration of distributed renewable energy capacity will lead to direct CO2 savings of 119 999 tonnes per year by cutting electricity losses and increasing renewable energy generation.