Asian Development Bank Provides $75 Million Loan to Türkiye's Rönesans

en.Wedoany.com Reported - On October 22, the Asian Development Bank and Türkiye's investment and engineering group Rönesans Holding signed a $75 million loan agreement to support the group's development of a hyperscale data center in Türkiye and expansion of renewable energy investments. The funds will be used to build a data center powered by hybrid renewable energy and to support the addition of battery energy storage facilities to the existing renewable energy platform. This is the first time the Asian Development Bank has provided a loan to Rönesans, and also the bank's first financing in Türkiye's digital infrastructure sector.

Under the financing arrangement, Rönesans will add battery energy storage capacity on the basis of its existing renewable energy investment platform, with the related facilities scheduled for installation by 2029. The new energy storage assets will be integrated with the group's renewable energy business as part of the energy infrastructure investment supported by this loan.

The data center investment will adopt a hybrid renewable energy power supply scheme, providing computing and data storage capabilities for cloud computing, artificial intelligence and other businesses with high data processing demands. The financing covers both digital infrastructure development and renewable energy investment, with Rönesans coordinating the implementation of the related projects.

Rönesans has previously established a partnership with data center operator Digital Realty, and the two parties announced plans on October 1 to build the Temelli data center campus in Ankara. The first phase is planned to have more than 22 MW of IT capacity and over 10,000 square meters of data hall space, with operations scheduled to begin in 2028. The campus is jointly developed by the two parties and is part of the digital infrastructure investment projects currently being implemented by Rönesans; the Asian Development Bank's announcement did not explicitly allocate the $75 million loan to a specific construction package of the campus.