FCHAIN Türkiye Office informs:
Türkiye aims to quadruple its renewable energy capacity over the next decade, with plans to invest $80 billion to increase output and an additional $30 billion for infrastructure improvements. Energy Minister Alparslan Bayraktar announced a streamlined approval process that will allow projects to go from proposal to construction in under two years.
The goal is to expand renewable generation from the current 30,000 megawatts to 120,000 megawatts by 2035, adding 7,500 to 8,000 megawatts annually. This initiative is part of Türkiye’s strategy to reduce reliance on energy imports, enhance energy security, and achieve net zero emissions by 2053.
Experts believe the targets are achievable if infrastructure improvements and streamlined processes are implemented. However, concerns remain regarding financial investments, as many investors currently prefer financial markets over energy projects.
Türkiye is currently the leading producer of coal-fired electricity in Europe, with coal accounting for 37% of its energy mix. The country imports 40% of its coal, so a transition to renewables would help lower import costs and emissions. Additionally, Türkiye plans to incorporate nuclear energy into its mix, with the first reactor at the Akkuyu power station set to come online next year.
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