EBRD Interested in Turkey's $30 Billion High Voltage Transmission Project
The EBRD is exploring financing options for Turkey's planned $30 billion high voltage electricity transmission system, as stated by President Odile Renaud-Basso. This network aims to improve electricity transport to consumption centers and facilitate exports to Europe.
In 2025, EBRD invested €2.7 billion in Turkey, reaffirming its major role in the region. Concurrently, Turkey is negotiating with the World Bank for up to $6 billion for HVDC projects, with a wider modernization investment need estimated at $28 billion.
The goal is to integrate 60 GW of wind and solar capacity into the grid by 2035. The EBRD's interest signals potential institutional confidence and long-term investment appetite, but no definitive financing program has been announced.
