Turkiye steps up wind, solar investment drive
AgenciesTürkiye targets attracting about $2 billion in investment from upcoming wind and solar project tenders, scheduled for next month, according to a report on Wednesday.Wind an...
Türkiye is ramping up its efforts to attract $2 billion in investment for upcoming wind and solar projects, according to a report by Anadolu Agency. The government plans to award tenders for 2,285 megawatts (MW) of wind and solar capacity on November 2-3 under the Renewable Energy Resource Zone (YEKA) initiative.
The wind energy tender, scheduled for November 2, will allocate 1,500 MW across seven sites in Sivas, Balıkesir, Manisa, and Kütahya provinces. Meanwhile, the solar tender on November 3 will allocate 785 MW across 11 locations in Denizli, Ankara, Konya, Kahramanmaraş, Malatya, Diyarbakır, Mardin, Batman, and Elazığ.
These renewable energy projects are anticipated to decrease Türkiye's dependence on imported energy, bolster the use of domestic resources, and bolster local manufacturing and supply chains for renewable energy equipment. The Energy and Natural Resources Ministry oversees the wind project, while the solar project is managed by the same ministry.
The solar projects are expected to draw around $500 million in investment, with several facilities slated to commence operations by 2028, and the remaining sites to be fully operational by the end of 2029. Such initiatives are also projected to generate employment opportunities and stimulate local economies, thereby enhancing energy security.
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