Istanbul — Burgan Bank has announced new insurance support for renewable energy investments that prioritize the protection and sustainable management of water resources, highlighting its commitment to environmentally responsible financing.
In a statement released ahead of World Water Day on March 22, the bank emphasized the importance of safeguarding water resources while continuing to support renewable energy projects through tailored financing and insurance solutions.
Support for Geothermal Energy Projects
As part of its efforts, Burgan Bank supported a geothermal power plant project by providing a comprehensive insurance structure that covers all facilities and wells. The initiative aims to ensure both environmental risk management and uninterrupted clean energy production.
Geothermal projects require advanced technical expertise, particularly in securing wells against potential risks. The bank facilitated a broad insurance coverage model designed to address both operational continuity and financial security simultaneously.
Integrated Risk Management Approach
Ebru Barhana, Head of Insurance Product Management at Burgan Bank, stressed the importance of effective risk management in such projects.
“Our structure, built with strong insurance partnerships and accurate risk analysis, enables uninterrupted clean energy production,” she said.
Barhana noted that the insurance model was designed not merely as a standard policy, but as part of a broader sustainable finance approach, integrating engineering expertise with environmental considerations.
Focus on Sustainability and Resource Protection
The bank underlined that its approach contributes to:
- Protecting natural resources, particularly water
- Enhancing the reliability of renewable energy investments
- Ensuring long-term operational sustainability
- Supporting environmentally responsible project development
Officials added that the successful geothermal project serves as a model, demonstrating how strong coordination, technical expertise, and customer-focused solutions can enable large-scale energy investments.
Advancing Sustainable Finance
Burgan Bank reiterated that it will continue to support projects that align with sustainability principles, particularly those that balance energy production with environmental protection.
The initiative reflects a broader trend in the financial sector toward integrating environmental risk management into investment and insurance frameworks, especially in resource-sensitive sectors such as energy.
Source: Anadolu Ajansı/ Prepared by: İlayda Gök