16:14 - 11.11.2026

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November 11, Fineko/abcnews. The European Bank for Reconstruction and Development (EBRD) has officially joined the Türkiye Renewable Energy Acceleration and Clean Transition Platform (REACT), launched during the COP31 summit. The Bank announced plans to invest $6 billion into REACT projects over the next five years.

Developed in close cooperation with Türkiye’s Ministry of Energy and Natural Resources, REACT aims to mobilize $300 billion in investments by 2040 across the renewable energy value chain, supporting Türkiye's target of reaching 175 GW in installed wind and solar capacity. Supported by the EU, World Bank, IFC, and other multilateral partners, the initiative scales up green infrastructure and storage. To date, the EBRD has invested over €26 billion in Türkiye.