Project

Sustainable Energy Financing Mechanism for Solar PV in Forest Villages in Turkey

Lead country

Turkey

Participating countries

Turkey

Project status

Under implementation

Implementing period

From August 23, 2016 to August 29, 2022

SDGs addressed by this project

SDG targets

  1. 7.2 Increase share of global renewable energy
  2. 7.1 Ensure universal access to sustainable, reliable energy

Project ID: 5323

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Technical team

  • Energy Programme

Technical area(s)

  • Renewable Energy

Sub-area(s)

  • Type: On-grid, utility-scale
  • Type: On-grid, rooftop
  • Resource: Solar

Landscape(s)

  • Human altered areas

Sub-landscape(s)

  • Rural areas

Transformed sector(s)

N/A

UNDP role(s)

  • Capacity development / Technical assistance
  • Convening / Partnerships / Knowledge Sharing
  • Innovative approaches

Strategy

  • Law regulation
  • Capacity building
  • Finance economy

Sub-strategy

  • Laws/ Policy/ Plan formulation
  • Institutional framework
  • Demonstration sites/Pilot
  • Technical capacity building
  • Institutional capacity building
  • Energy finance

Social inclusion

  • Local community/CSOs
  • Private sector

Gender equality

N/A

Gender result effectiveness scale

  • Gender targeted

Pathway(s)

  • People pathway
  • Sci-tech pathway
  • Systems pathway

Risk reduction target(s)

  • Improve resilience
  • Hazard control/mitigation

SDG target(s)

  • 7.2 Increase share of global renewable energy
  • 7.1 Ensure universal access to sustainable, reliable energy

Conventions and protocols

N/A

Private sector(s)

  • Capital providers
  • Individuals/Entrepreneurs

Hot topic

  • Multi-stakeholder collaboration
  • Poverty reduction

About this project

Description

This project will assist Turkey with the promotion and financing of on-grid village cooperative solar PV in forest villages. The public support and involvement in the initiative will be led by the General Directorate of Forestry, Department of Forest and Village Relations (aka ORKOY), working together with other key actors in the solar PV value chain, including private sector solar PV installers, Turkish utilities, and domestic and international banks as well as other institutions that provide financing.

Objectives

To support the successful launching of a sustainable energy financing mechanism within the ORKOY credit mechanism to ensure that there is at least 30 MW of installed capacity of grid-connected, residential solar PV in forest villages in Turkey (approximately 2.5% or 175,000 people living in forest villages will have their electricity needs met by solar PV ) by the end of the project.

USD $3,880,000

Grant amount

USD $52,625,000

Leveraged amount (co-financing)

1

Source(s) of fund

Sources of fund

 

  • Global Environment Facility – Trust Fund ($3,880,000)

Implementing partner(s)

  • Ministry of Forestry and Water Affairs, General Directorate of Forestry (GDF), Forest Village Relations Department (ORKOY)

Related resources

Geospatial information

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Project reports and documentation