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Turkey Aims for 120 GW of Wind and Solar by 2035
Developing
In Short: Turkey plans to invest $108 billion over the next decade to boost wind and solar capacity.
Turkey's energy minister, Arpaslan Bayraktar, announced plans to invest $108 billion over the next ten years to develop alternative energy infrastructure, targeting an installed capacity of 120 gigawatts in wind and solar power by 2035.
The investment aligns with European transition priorities, focusing on expanding wind and solar generation capacity and improving grid infrastructure to better distribute renewable energy.
Turkey's environment minister, Murat Kurum, emphasized the importance of electrifying daily life to protect families and businesses from volatile energy markets, setting a 35% by 2035 target for electricity in final energy demand.
While Turkey is aggressively pursuing renewable energy, it is also investing heavily in securing long-term oil and gas supplies and positioning itself as a major regional gas hub for Europe.
Turkey is already making significant progress, having commissioned 96 gigawatts of new capacity and now holding the third-largest installed generation capacity in Europe, after France and Germany.
Background
Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a smaller part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia, Armenia, Azerbaijan, and Iran to the east; Iraq, Syria, and the Mediterranean Sea to the south; and the Aegean Sea, Greece, and Bulgaria to the west.
What's still developing
- America Is Paying a Lot for Fuel, Not Running Out of Gasoline What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Turkey plans to spend $108 billion over the next ten years to develop its alternative energy infrastructure, eyeing 120 GW in installed wind and solar capacity.
- The investment plans are in line with European transition priorities that call for further expansion in wind and solar generation capacity and grid upgrades that would allow more of the output from this wind and solar capacity to reach end consumers instead of getting wasted during times of high generation and low demand.
- White Hydrogen Drilling Push Gains Momentum Across Three Continents What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Chinese Solar Panels Drop to 12 Cents a Watt, Rooftop Installs Surge Worldwide Saudi Pipeline Outage Hits an Oil Market Running Out of Buffers Europe's "Less" Is Doing More Than Anyone Gives It Credit For Oil Prices Surge as Middle East Attacks Continue and Diplomacy Stumbles The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
- Turkey plans to cover as much as 35% of its final energy demand with electricity by 2035, again in keeping with other countries’ electrification plans, motivated by the assertion that electricity is generated domestically and not imported—even though some major proponents of the idea, such as the UK, are heavy electricity importers.
- The energy commodity price surge has lent additional momentum for the energy transition in the countries that are investing in it most heavily—except China, where subsidies are being cut back, and wind and solar growth is slowing down.