EBRD Interested in Turkey's $30 Billion High Voltage Transmission Project
EBRD President Odile Renaud-Basso stated that the bank is interested in financing Turkey's planned $30 billion high voltage electricity transmission system over the next decade. This project aims to transport electricity from production regions to consumption centers and support exports to European neighbors. EBRD has invested €2.7 billion in 54 projects in Turkey in 2025, making it the bank's largest operational area. Discussions with the World Bank for up to $6 billion in financing for HVDC investments are also underway.
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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.
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