The new fund will help expand the capacity of Turkey and neighbouring countries in the Western Balkans and the Caucasus to tap into cleaner energy resources.
CETF will support energy projects focusing on hydro, wind, geothermal, biomass and solar power.
The fund will also provide financing for clean generation, energy efficiency equipment and service suppliers.
EBRD said CETF will seek to make ten to 15 equity investments with individual investment ranging from EUR5m up to EUR30m, while at least 70% of its operations will be performed in Turkey, with the remaining 30% in the Western Balkans and the Caucasus.
