Renewable Energy Consumption in the EU up by 2pp

Turkey Plans to Invest $5 Billion in Green Energy

In the next couple of years, Turkey’s total investment in renewable energy will amount to $5 billion, Mustafa Yilmaz, head of the Turkish Energy Market Regulatory Authority (EPDK), said last week, Daily Sabah reported.

Yılmaz said the process of distributing 2,782 megawatts (MW) of new wind and solar power capacity has been completed. He noted that the Turkish authorities had signed a new document that will increase the share of domestic and renewable energy sources in Turkey’s electric power industry.

According to the head of EPDK, applications for providing capacity from new sources will be sent monthly to the Turkish Energy Company (TEIAS). He stressed the importance of such energy sources and the growing investment in renewable energy.

In recent years, the Turkish authorities have been actively investing in developments in green energy and the reduction of carbon emissions. 97% of Turkey’s generating capacity commissioned in 2021 came from renewable energy power plants.

In total, natural sources accounted for 3,446 MW of licensed power generation capacity in 2021, with wind farms accounting for 51.5% and solar for 14.5%.

Turkey’s total installed electrical capacity in 2021 was 99,820 MW. The lion’s share of this volume is generated by thermal power plants, which account for 46,193 MW.