The World Bank has approved a financing package for the Türkiye - Transforming Power Transmission System Project (TPTS) aimed at integrating more renewable energy into Türkiye’s national power grid. The funding includes a EUR 625 million loan from the International Bank for Reconstruction and Development, a EUR 32.798 million loan from the Clean Technology Fund, and a US$2 million grant from the same fund.
The TPTS is part of Phase 7 of the Renewable Energy Scale-Up in Europe and Central Asia Program (ECARES). The project will help modernize and expand Türkiye’s power transmission infrastructure to handle increased solar and wind generation. It supports Türkiye’s Energy Transition – Renewable Energy 2035 strategy, which targets 120 GW of installed wind and solar capacity by 2035. This aligns with the country’s net-zero emissions target set for 2053.
“Türkiye has set one of the world’s most ambitious renewable energy targets and at the World Bank we are proud of supporting it. By modernizing the transmission network and scaling up renewables, the country is enhancing its energy security, reducing fossil fuel import dependency, improving its competitiveness, and developing new industries with the potential to create a large number of skilled jobs,” said Humberto Lopez, World Bank Country Director for Türkiye. “This project will help unlock private investment and support Türkiye’s vision of a modern and competitive energy sector.”
The project has three main areas: upgrading transmission infrastructure through construction of new substations and expansion of lines to directly enable 1.7 GW of renewable energy; digitalizing the power grid by upgrading management systems; and providing technical assistance for innovation such as supporting High-Voltage Direct Current corridors.
“This project is not just about building infrastructure; it is about enabling Türkiye’s power grid to become greener, resilient and more digital. By supporting TEİAŞ with both investments and technical assistance, we are helping unlock Türkiye’s renewable energy potential while enhancing the reliability of electricity supply for businesses and households,” said Yeşim Akcollu, World Bank Task Team Leader for the project.
The initiative is aligned with national energy planning efforts in Türkiye. It aims to reduce greenhouse gas emissions significantly while creating thousands of jobs across renewable energy sectors in the country.
The ECARES program led by the World Bank seeks to accelerate renewable deployment in Europe and Central Asia through policy reforms, investments in infrastructure, and institutional strengthening efforts. Its goals include improved energy security, lower emissions, and greater private sector involvement in clean energy projects.