Renewable Energy
In line with its energy strategy, the Republic of Turkey has prioritized energy security through the decrease of energy imports. High extraction costs for the limited oil and gas reserves of the country provide further impetus for the promotion of RES. The country has significant renewable energy potentials (hydropower 160 TWh/year, wind power 50 GW, geothermal power 35 GW), but the installed capacity remains low (Source: ENERDATA Country Report).
According to the Electricity Market and Security of Supply Strategy, Turkey aims to produce 30% of its electricity from renewable energy sources by 2023. With support from the EBRD and the World Bank, Turkey will work to develop a broader renewable energy support system and increase support for energy efficiency projects. Currently, a feed-in-tariff system is in place for biomass, biogas, geothermal, hydropower, solar power and wind energy. In November 2016, Turkey published the Renewable Energy Resource Areas (RERAs) Regulation in order to promote investments and the sustainable use of renewable energy for electricity generation.
In order to meeting growing energy demand, the Republic of Turkey will boost investments in the renewable energy sector through the construction of new projects by 2023 (Source: ENERDATA Country Report):
- Construction of new hydropower plants, including the Yusufeli dam, Pervari dam and Alpaslan dam, to add 34 GW
- Wind power projects with a total capacity over 20 GW
- Solar energy projects with 5 GW
- 1 GW of biomass-based plants
- 1 GW of geothermal plants
Last update: 07 2023