"Clifford Chance Advises on Türkiye's First Sustainability-Linked Loan in Electricity Distribution Sector"

"Clifford Chance has advised a syndicate of international lenders on Türkiye's first sustainability-linked loan in the electricity distribution sector. The $340 million loan will support Enerjisa Enerji in modernizing electricity infrastructure across 14 cities, focusing on areas affected by 2023 earthquakes, and expanding its electric vehicle charging network."

Clifford Chance, a global law firm, advised a syndicate of international lenders, including the Asian Infrastructure Investment Bank (AIIB), Dutch Entrepreneurial Development Bank (FMO), Green for Growth Fund (GGF), and International Finance Corporation (IFC), on a landmark sustainability-linked loan to Enerjisa Enerji, Türkiye’s leading electricity distribution company. The transaction involved a US$340 million sustainability-linked loan, marking the first of its kind in Türkiye’s electricity distribution sector. The six-year loan will be utilized to modernize and strengthen electricity infrastructure across 14 cities served by Enerjisa’s distribution companies, with a focus on areas affected by the severe earthquakes of early 2023. Additionally, part of the funding will support the expansion of Eşarj, Enerjisa’s electric vehicle charging subsidiary, enhancing Türkiye’s fast-charging network. The Clifford Chance team advising on the transaction was led by partner Angela McEwan (Amsterdam) and counsel Gökçe Uzun (Istanbul), with support from senior legal advisor Sylvia van der Heyden (Amsterdam), associates Utku Aydın (Istanbul), Büşra Altuntaş (Istanbul), and Aykan Karpuzcu (Istanbul), and trainee solicitor Bailey James (London).

"Clifford Chance Advises on Türkiye's First Sustainability-Linked Loan in Electricity Distribution Sector"

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