ISTANBUL: Turkiye and the World Bank signed an agreement for $1 billion program to support renewable energy expansion efforts, the bank said on Thursday.

The program will help establish and expand Turkiye’s market for distributed solar energy and pilot a program for battery storage, the bank said in a statement.

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The country’s Development and Investment Bank of Turkiye (TKYB) and Industrial Development Bank of Turkiye (TSKB) will be implementing the programme, the bank said.