Written by: Karim Hammam
Turkish Minister of Energy and Natural Resources, Alparslan Bayeraktar, announced a massive investment plan totaling $190 billion to develop the energy sector in Turkey until the year 2040, with the largest portion directed towards clean and low-emission energy sources.
Goals for increasing installed capacity
The plan aims to raise the country's total installed capacity to 281,000 megawatts by 2040, compared to current levels, to include nuclear, thermal, biomass, and geothermal power plants alongside renewable energy projects.
Renewable energy share to rise to 77%
The share of renewable energy in the installed capacity mix is scheduled to rise from the current 63% to 77% by 2040, reflecting a radical shift towards sustainable energy sources.
95% of investments for clean energy
Bayeraktar confirmed that approximately 95% of the total planned investments, amounting to about $180 billion, will be allocated to clean energy sources, led by renewable energy, along with other zero or low-emission sources.
A diverse portfolio including nuclear and geothermal
The investment plan covers a diverse technical portfolio that includes nuclear, thermal, biomass, and geothermal power plants, with the aim of achieving energy security and reducing dependence on imported fossil fuels.
