{"url":"https://newsforagent.com/news/2026-11-05/ebrd-sanmar-electric-tugboat-financing","markdown_url":"https://newsforagent.com/news/2026-11-05/ebrd-sanmar-electric-tugboat-financing.md","title":"EBRD Lends €22.5 Million to Sanmar for Electric Tugboats","headline":"EBRD Provides €22.5 Million to Turkish Tugboat Maker Sanmar in €45 Million Akbank Package","description":"EBRD lends €22.5 million to Sanmar to fund electric tugboat production and a 5 MW solar plant, part of a €45 million package with Akbank.","section":"Funding","published_at":"2026-11-05T17:26:30+00:00","modified_at":"2026-11-05T17:26:30+00:00","author":"News Desk","key_takeaways":["The EBRD is providing €22.5 million to Sanmar Denizcilik, part of a €45 million package with Akbank.","The financing includes a €5 million uncommitted tranche for a 5 MW solar photovoltaic plant.","Each electric tugboat is expected to cut about 1,800 tonnes of CO₂ equivalent annually versus diesel alternatives."],"companies":[{"name":"EBRD (Türkiye)","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0007s66/ebrd-turkiye","website":"https://www.ebrd.com/home/what-we-do/where-we-invest/turkiye.html"},{"name":"Akbank","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0004hgq/akbank","website":"http://www.akbank.com"}],"source":{"publisher":"Request Blocked","title":"EBRD support to boost growth for Türkiye’s Sanmar","url":"https://www.ebrd.com/home/news-and-events/news/2026/ebrd-support-to-boost-growth-for-tuerkiye-s-sanmar.html"},"other_sources":[],"tags":["Funding","EBRD (Türkiye)","Akbank"],"body_markdown":"The European Bank for Reconstruction and Development is providing €22.5 million to Sanmar Denizcilik Makina ve Ticaret, a Turkish tugboat manufacturer, as part of a €45 million package with Akbank. The [EBRD](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-support-to-boost-growth-for-tuerkiye-s-sanmar.html) said the financing supports the company's growth and green transition.\n\n## How the Sanmar Financing Is Structured\n\nThe [EBRD](https://akta.pro/company-profiles/0007s66/ebrd-turkiye) financing sits within a risk-sharing facility between the bank and [Akbank](https://akta.pro/company-profiles/0004hgq/akbank), aimed at sustainable investment and industrial development in Türkiye, with a focus on small and medium-sized enterprises and mid-cap companies. The proceeds will help Sanmar meet working capital needs as it expands production and delivery of fully electric tugboats. The overall package amounts to €45 million, including a €5 million uncommitted tranche to support a 5 MW solar photovoltaic power plant for Sanmar's own electricity consumption.\n\nİdil Gürsel, EBRD Deputy Head of Türkiye, said: \"This project combines competitiveness, innovation and climate action, fully reflecting the EBRD's priorities in Türkiye.\" Ali Gürün, Chairman of the Board of Sanmar, said the support \"will further strengthen our investment in sustainable shipbuilding and accelerate our contribution to the maritime industry's transition towards a cleaner, low-carbon future.\" Akbank Executive Vice President of Commercial Banking Özlem Atik said the €45 million financing with the EBRD is \"an important example\" of the bank's approach to supporting customers' competitiveness and sustainable growth.\n\nAccording to project assessments, each electric tugboat is expected to reduce greenhouse gas emissions by approximately 1,800 tonnes of CO₂ equivalent annually compared with conventional diesel-powered alternatives. The solar installation is expected to avoid a further 2,600 tonnes of CO₂ emissions annually.\n\n## EBRD's Türkiye Lending Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), the EBRD has invested €220 billion since 1991 and completed more than 7,800 projects across 40+ economies. The bank says it has committed more than €26 billion in Türkiye since 2009, largely in the private sector.\n\n## Earlier EBRD Deals in Türkiye\n\nOn November 2, 2026, the EBRD invested €100 million in senior notes under Garanti BBVA's diversified payment rights programme, providing long-term funding for women- and youth-led SMEs in Türkiye, according to the EBRD. On October 28, 2026, the EBRD provided a $207 million loan to Enerjisa Enerji to modernize and expand its distribution networks in the Baskent, Ayedas, and Toroslar regions, the EBRD said. On the same date, the EBRD provided a sustainability-linked loan of up to $150 million to Enerjisa Üretim to replace short-term debt and support renewable energy investments, the EBRD said.\n\n## COP31 Dates in Antalya\n\nThe EBRD lists COP31 as taking place between November 9 and November 20, 2025, in Antalya, Türkiye.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}