March 2025
Financial Feasibility Study Türkiye
This Financial Feasibility Study is prepared for end users and financial institutions in order to show the financial feasibility and applicability of the transition towards natural refrigerants for selected commercial refrigeration systems.
After conducting interviews with various stakeholders and consulting internally with the broader Cool Up team, it has been determined that the commercial cooling sector holds significant potential for high impact. Upon further investigation, the Cool Up team has found that the main opportunity to support the market transition to natural refrigerants lies within the “discount markets” in Türkiye. As a result, the Cool Up team has arranged a site visit to a discount market, one of the leading discount supermarket operators, to establish this financial feasibility report as a starting point.
A peak inside the report
As one of the consortium partners of the Cool Up programme, Frankfurt School of Finance and Management focuses on developing new financing solutions and business models to encourage and support the transformation of the Refrigeration and Air Conditioning (RAC) market to sustainable cooling. In this regard, from the start of the Cool Up programme, the expert team of Frankfurt School of Finance and Management in Türkiye, along with other consortium partners, have conducted interviews with financial institutions, industry stakeholders and end users—with the aim of learning about potential challenges of the market for each party involved, as well as to understand the needs of stakeholders, to discover the right technology, and to identify the target market segment to initiate this study.
Explore the findings below to understand how modernizing outdated systems can promote sustainable practices and positive financial outcomes in Türkiye’s commercial refrigeration sector.
PublisherGuidehouse Germany GmbH |
Lead authors: Itir Ozmen (Frankfurt School of Finance and Management) Gurhan Mamaklioglu (Frankfurt School of Finance and Management)
Contributing authors: Sawsan Bawaresh (Royal Scientific Society) Michał Deuszkiewicz (Frankfurt School of Finance and Management) |