European Bank for Reconstruction and Development to invest $6bn in Turkiye’s clean energy platform

RIYADH: The European Bank for Reconstruction and Development plans to invest $6 billion over five years in Turkiye’s new renewable energy platform, REACT, launched at COP31. The Renewable Energy Acceleration and Clean Transition program aims to mobilize $300 billion in investment across the renewable energy value chain by 2040, in line with the COP31 goal to increase electricity’s share of…