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ARTICLE · 26 MAY 2021

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Project Finance 2021

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
Explore more from Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)

Project Finance Laws and Regulations - Turkey covers common issues in project finance laws and regulations - including security, bankruptcy, restrictions, insurance and arbitration.

TurkeyFinance and Banking
Fatoş Otcuoğlu
Fatoş Otcuoğlu
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1. OVERVIEW

1.1 What are the main trends/significant developments in the project finance market in your jurisdiction?

Despite the challenging conditions which the financial markets suffered globally due to the measures taken to cope with the consequences of the COVID-19 pandemic, the Turkish market closed numerous project finance transactions in 2020. Energy, transport, infrastructure and technology (especially fintech) were the sectors which gained significant attention in terms of project financing in the Turkish market.

Due to Turkey's geopolitical position and hungry economy, energy is still the foremost sector for project finance in Turkey. Turkey has an aim of liberalising the energy sector and attracting private sector participation and the establishment of a competitive market. In recent years, Turkey has substantially increased the share of renewable energy and continues to do so. Despite the decline in energy prices this year (especially petroleum

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