NRBM Full Form

NRBM Full Form is National Renewable Build Mission. The Department of Energy, Ministry or Natural Resources in charge aims to promote sustainable building practices with solar panels that will help improve energy security and contribute towards a clean environment by 2030.

Keith Weir, Senior Energy Specialist at the World Bank and Programme leader of N R B M explains: “The purpose is to build renewable energy into new buildings and renovate old ones. The challenge is that we’re aiming for a 13% share of renewables by 2030 (in Turkey’s total energy mix). This means actually doubling what we have today. With the existing capacity in place, you need around half of it all over again.”

Projects will be located in Anatolia where sunlight availability is favourable. Commercial investment will make up about 40% of this project whereas public investment will constitute 60%. Funding was made possible thanks to support from the United Nations Development Program (UNDP) and Japan International Cooperation Agency (JICA) as well as Turkey’s own investment. Other partners include the European Union and World Bank.

Funding is expected to be used in a number of ways:

– Environment financing will help support programmes focusing on sustainable development, energy efficiency and environmental conservation.

– Energy financing will contribute towards programmes supporting renewable build and clean energy opportunities across the country. These can range from wind farms to solar panels or geothermal power plants for example.

In order to finance this project, the government has been promised financial support from international institutions such as JICA, UNDP and WB thanks to their capacity for taking risks all over the world thanks to their status as – non-profit organization that works towards promoting sustainable environments across countries. In other terms, Turkey can finance itself thanks to public-private partnership.

Lighting is one of the biggest uses of electricity in Turkey with large shares in domestic and industrial sectors. Lighting also generates about 35% of global greenhouse gas emissions (GHG) come from energy production at the source, mainly coal power plants. Lighting consumes around 23% of Turkish electricity demand which means that it would be easy to make a dent in this figure by switching to renewable sources. This step towards renewables will help improve lighting efficiency while moving away from fossil fuels for good.

The World Bank’s Senior Energy Specialist, Keith Weir confirms: “About 50% of Turkish buildings are not built for energy efficiency so you have people using air conditioners during winter time or wasting electricity. we need to bring energy efficiency so that people can save money and contribute towards the environment. The most effective way is to do it through investments in renewable energy.”

The government has agreed on 3 main ways to finance this project:

– A new law that would allow private companies to take part in public projects at a lower cost;

– Using their own investments by building commercial structures or renovating their current ones;

– Public-Private Partnership (PPP). It enables government agencies to partner with investors who share their vision of sustainable development for Turkey for between 5 and 25 years. This means that companies are likely not only invest in solar panels but also help build additional capacity if required based on market forces.

Renewable Energy Capacity Building Project in Turkey is the first of its kind for a middle income country. It can also be seen as a great opportunity for companies to gain international exposure. By investing in renewables, not only will they reduce their carbon footprint but they will also increase their position on global markets by offering innovative solutions that are environmentally-friendly and cheaper long-term due to decreasing costs.

However, it is important to keep in mind that this project will contribute towards developing higher capacities which means producing more electricity with less panels over time. In order to do so, energy from certain regions with abundant solar radiation such as Northern Africa or Australia would need to be imported – creating new opportunities for private companies wanting to invest in high-voltage cables.

Western donors have until now used finance as a tool to push for political reform in Turkey, but The World Bank’s 2015 study “Turkey’s Uncertain Future”, says that it is time they also use the financial system to drive environmental progress.

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