The European Bank for Reconstruction and Development (EBRD) has provided Ulusoy Un of Türkiye with a loan of €80 million dedicated to financing its long-term investments in renewable energy and increasing the company’s capacity in energy-efficient production. Through the loan and an additional contribution of €9 million from the Clean Technology Fund, Ulusoy Un is embarking on further steps toward enhancing its sustainability standards.
Financing Renewable Energy and Wind Power Projects
Ulusoy Un will invest the loan in renewable energy, primarily focusing on developing solar power plants in central Türkiye. Additionally, the company will pioneer wind power plant projects in western Türkiye, an area where corporate adoption of wind energy has been slow due to the complexity of such projects compared to solar power.
This will allow Ulusoy Un to build on Türkiye’s renewable energy segment, diversify its energy structure, and invest in wind power.
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EBRD’s Support for Climate Action in Türkiye’s Food Sector
Natalia Zhukova, EBRD Head of Food and Agribusiness, said, “Currently, only a limited number of companies in Türkiye’s food processing industry disclose climate-related risks or have targets to reduce greenhouse gas emissions in line with best practices.”
She added, “We at the EBRD hope that by supporting Ulusoy Un in that project we can set an example in the sector of what should be done to protect the environment, reduce the carbon footprint, and be in line with the Paris Agreement in a sector that is a significant contributor to global carbon emissions and vulnerable to climate change.”
Dr. Eren Günhan Ulusoy stated that Ulusoy Un focuses on the future, aiming to reduce its carbon footprint through renewable energy. He expressed satisfaction with signing an €80 million loan agreement with the EBRD.
Commitment to Climate Governance and Sustainability
The structure of the loan will also enhance Ulusoy Un’s adoption of best corporate practices in climate governance, which can help the firm reduce its carbon footprint. Notably, the loan will assist Ulusoy Un in aligning with the Taskforce on Nature-related Financial Disclosures (TNFD), ensuring the company addresses broader environmental risks while mitigating climate change impacts. This positions Ulusoy Un as a sustainability leader within the agri-foods industry.