Other Financial Solutions and Our Commitments

Other Financial Solutions and Our Commitments

There are special financing mechanisms for overcoming the preliminary costs and other financial obstacles in energy efficiency projects. Such financing mechanisms are fundamentally based on the principle of proving energy saving. "Measurement Verification Experts" are trained in our country. Energy performance contracts can be verified by certified Turkish engineers. The experienced team of TRANSTERM Endüstriyel Enerji A.Ş develops projects which guarantee performance, and provide services in all technical and administrative matters.

• Energy Performance Contract (EPC): An energy services company carries out installation and maintenance of the efficiency equipment at the client's plant, and makes payment from energy savings.

• Leasing: It is a basic financial mechanism allowing a client to use energy efficiency equipment without purchasing.

• Special Funding for Energy Efficiency: A joint agreement between the European Investment Bank and the European Commission. It aims at increasing the special funding for investments on projects improving energy efficiency. This European instrument supports intermediary banks to develop and provide credit programs for energy efficiency projects.

• Turseff (Turkey Private Sector Sustainable Energy Finance Facility) Program is an EBRD fund for investments of SME's in Turkey for financing energy efficiency and renewable energy. The program can provide credits through participation banks. It provides credits with installments up to 10 years and no payment for 6 to 12 months.

• The Midseff Program (Turkish Mid-size Sustainable Energy Financing Facility):

The Midseff launched by the European Bank for Reconstruction and Development (EBRD) with the support from the European Investment Bank (EIB) and European Commission (EU) .