Turkey Bets $108 Billion on Wind and Solar While Expanding Oil and Gas
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. At the same time, Turkey is also spending heavily on securing long-term oil and gas supply—and planning to become a major regional gas hub for Europe. “Under our Renewable Energy 2035 Road Map, we aim to reach an installed capacity of 120…
Turkey is investing $108 billion over the next decade to bolster its alternative energy infrastructure, with a target of achieving 120 gigawatts of wind and solar capacity by 2035. The government, led by energy minister Arpaslan Bayraktar, plans to allocate around $80 billion for generation projects and $28 billion for transmission infrastructure.
This investment aligns with European transition priorities and aims to reduce Turkey's reliance on volatile energy markets by electrifying various sectors by 2035. The country is currently the third-largest generator of electricity in Europe, with plans to expand its energy capacity exponentially since 2001. Despite this focus on alternative energy, Turkey is also investing in oil and gas exploration and production, both domestically and internationally, to ensure energy security.
The government acknowledges the importance of baseload generation and is pursuing a "all-of-the-above" approach to energy security, similar to China's strategy.
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