Potential offtaker

Garanti BBVA

Estimated electricity consumption

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Countries of production presence

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Garanti BBVA is one of the leading banks in Turkey, providing a wide range of financial products and services to its customers. The bank has a strong commitment towards sustainability and has been actively working towards decarbonisation and promoting the use of renewable energy sources. Garanti BBVA has been at the forefront of the corporate energy transition in Turkey, and has been actively promoting the use of corporate power purchase agreements (PPAs) to support the development of renewable energy projects.

Decarbonisation is a key focus area for Garanti BBVA, and the bank has set ambitious targets to reduce its carbon footprint. The bank has adopted a comprehensive sustainability strategy that includes a range of initiatives to reduce its environmental impact. These initiatives include reducing energy consumption, increasing the use of renewable energy sources, and promoting sustainable practices among its employees and customers. Garanti BBVA has also been working to reduce its carbon emissions by investing in energy-efficient technologies and implementing sustainable practices across its operations.

Corporate energy is another area of focus for Garanti BBVA. The bank has been actively working with its corporate clients to help them reduce their energy consumption and adopt sustainable practices. Garanti BBVA offers a range of financial products and services that support the development of energy-efficient technologies and renewable energy projects. The bank has also been promoting the use of corporate PPAs to support the development of renewable energy projects in Turkey.

Corporate PPAs are long-term agreements between corporate buyers and renewable energy developers, where the buyer agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. These agreements provide a stable and predictable revenue stream for renewable energy developers, which can help them secure financing for their projects. Corporate PPAs also provide a reliable source of renewable energy for corporate buyers, which can help them achieve their sustainability goals.

Garanti BBVA has been actively promoting the use of corporate PPAs in Turkey, and has been working with its corporate clients to help them understand the benefits of these agreements. The bank has also been working with renewable energy developers to help them secure financing for their projects through corporate PPAs. Garanti BBVA has played a key role in the development of the corporate PPA market in Turkey, and has been instrumental in promoting the use of renewable energy in the country.

Renewable energy is a key focus area for Garanti BBVA, and the bank has been actively supporting the development of renewable energy projects in Turkey. The bank has been providing financing for renewable energy projects, and has been working with renewable energy developers to help them secure financing through corporate PPAs. Garanti BBVA has also been promoting the use of renewable energy among its corporate clients, and has been working with them to help them adopt sustainable practices.

Garanti BBVA has been recognized for its sustainability efforts, and has received several awards for its work in this area. In 2020, the bank was named the "Best Bank for Sustainable Finance in Turkey" by Euromoney, and was also recognized as the "Best Bank for Sustainability in Turkey" by Global Finance. These awards reflect Garanti BBVA's commitment towards sustainability, and its efforts to promote the use of renewable energy and decarbonisation in Turkey.

In conclusion, Garanti BBVA is a leading bank in Turkey that is committed to sustainability and has been actively working towards decarbonisation and promoting the use of renewable energy sources. The bank has been at the forefront of the corporate energy transition in Turkey, and has been actively promoting the use of corporate PPAs to support the development of renewable energy projects. Garanti BBVA has played a key role in the development of the corporate PPA market in Turkey, and has been instrumental in promoting the use of renewable energy in the country. The bank's sustainability efforts have been recognized through several awards, reflecting its commitment towards sustainability and its efforts to promote sustainable practices among its employees and customers.