Turseff

Turkish Sustainable Energy Financing Facility (TurSeff)

A loan agreement is made between Aklease and European Bank for Reconstruction and Development (EBRD) with the purpose of supporting Sustainable Energy and Resource Productivity investments and activities of the companies. Within the scope of the fund provided by Turkish Sustainable Energy Financing Facility (TurSEFF), Aklease customers will be able to benefit from leasing with convenient interests and long-term financing.

What are its benefits?

The program, which has been active since the year of 2010, has provided financing to more than 1000 investment projects within the amount of more than 535 million € during the first phase (2010-2013) and the second phase (2013-2017). TurSEFF continues to support investments with the third phase that started on the year of 2017. The team of TurSEFF, being more than a financing program and consisting from domestic and foreign experts, helps investors to determine and develop sustainable energy projects and provides support in order to prepare successful leasing applications within the scope of TurSEFF.

Who can benefit?

• Companies suitable with SME criteria*
• Manufacturers of suitable equipment, which are also suitable with SME criteria*
• Companies providing municipal services which are only in private sector and suitable with SME criteria*
• ESCOs and ESCO customers (no need for SME criteria)

Investments suitable for TurSEFF financing:

• Resource Productivity Investments:
• Energy Efficiency investments
• Water Efficiency investments
• Raw Material Efficiency investments
• Investments aimed at Waste Management
• Renewable Energy Investments

Credit limit amounts:

• Suitable beneficiaries excluding producers can use a maximum total financing of 15 million € (or equivalent) provided that each tranche doesn’t exceed over 5 million €.
• Producers can use a maximum total financing of 5 million € (or equivalent) provided that the amount per investment doesn’t exceed 1 million €.
• Technology Selection Device is developed, which is easy to access and implement for projects with a financing need less than 250.000 €. Investments, which are assessed with Technological Selection Device and included in quick credit facilities, can be financed over investment amount including VAT.

Environmental Factors

It is a requisite for all projects that will be financed by TurSEFF to be in compliance with laws and regulations regarding environment.

* SME criteria: The number of full-time employees must be 250 at maximum, yearly sales volume must be 50 million € or less, balance sheet active size must be 43 million € or less.

For detailed information, we are waiting for you at the closest Aklease Branch.