**5. Renewable energy projects**

Turkey is within some projects for reaching its aims related to renewable energy. The most important one of them is The Private Sector Renewable Energy and Energy Efficiency Project. The Project aims to help increase privately owned and operated energy production from indigenous renewable sources within the market-based framework of the Turkish Electricity Market Law, thereby helping to enhance energy efficiency and curb greenhouse gas emissions as a result. The project is the first to use resources from the newly established Clean Technology Fund (CTF)—a new US\$5.2 billion multilateral fund managed by the World Bank and administered through the World Bank Group and other multilateral development banks. World Bank and CTF financing for the project will include two loans, one from the IBRD and one from the CTF, each to two Turkish development banks: Türkiye Sinai Kalknma Bankas (TSKB) the Turkish Industrial Development Bank (private) and Türkiye Kalknma Bankas (TKB) the Turkish Development Bank (government)—for credit line financing of renewable energy and energy-efficiency investments(WB, 2011).

Another important Project is Renewable Energy Networks (RENET) between Turkish and European Universities. The project allows the combination of best available technology information in the field of renewable energy and best practices transfer in higher education and science and Technology co-operation.

The specific objectives of the RENET project are to (RENET, 2011):


It is expected that RENET will provide a relevant contribution not only to the Millennium Development Goals (MDGs) on ensuring environmental sustainability and developing global partnerships for development. Moreover, it is also in line with the strategic objectives of the Lisbon-Gothenburg Strategy of the European Union(RENET, 2011).
