The Green Fund for Growth (GGF) Technical Assistance Facility has launched a dedicated course for green finance experts with its long-standing partner Garanti BBVA, in cooperation with the Renewables Academy, RENAC. It will strengthen the technical expertise of 30 Garanti employees from different regional offices.

This online course is the first in a series of trainings designed specifically for GGF’s Turkish partner institutions, such as Garanti BBVA, to improve their ability to provide green finance to households, small and medium-sized enterprises and businesses. other eligible projects. The course incorporates new case studies via live webinars, tailored specifically to the Turkish market with the support of an experienced consultant in the market.

The GGF also organized an in-person study trip to Berlin in September 2022 for the top students who complete the course.

Guaranteed BBVA was the first bank in Turkey to set net zero targets and provide sustainable financing solutions for all customer segments. Thanks to a $ 22 million investment provided by GGF to Garanti BBVA in 2019, the bank was able to successfully on-lend funds to businesses and households to finance green measures.

“We are very proud of this innovative online course which aims to strengthen the technical expertise of professionals involved in the operation of GGF lines of credit. The launch of this course not only strengthens GGF Green Academy’s position as a reputable green finance training provider, it also builds on the strong partnership we have with Garanti BBVA, ”said GGF President , Olaf Zymelka.

Garanti BBVA’s CFO, Aydın Güler, said the bank has been contributing to sustainable development and the fight against climate change for more than 15 years.

“We have built sustainability into the lending structures and in this way we decrease the loan margin if our clients progress in areas related to sustainability. We are also developing mechanisms that will encourage our clients’ ways of doing business to be more sustainable and greener. Thanks to our cooperation with GGF, we are further specializing in sustainable finance. We will be able to increase the amount of funding for green projects in our country with our employees whose technical expertise has been strengthened, ”he added.

For more information on how to become a certified green expert, click here.

The Green for Growth Fund invests in measures designed to reduce energy consumption and CO2 emissions and improve resource efficiency in 19 markets in South-Eastern Europe, the Caucasus, Ukraine, Moldova, from the Middle East and North Africa. The fund provides such funding directly to renewable energy projects, businesses and municipalities or indirectly through selected financial institutions. The GGF Technical Assistance Facility maximizes the impact of the Fund’s investments by supporting capacity building of financial institutions and local partners.

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