Energy: Turkey relies on electrification with $500 billion energy plan
Renewable energy and nuclear power are to be expanded. A decision on additional nuclear power plants is to be made in 2027. The strategy is intended to reduce dependence on energy imports.
Turkey aims to shift its energy supply to electricity by 2040, investing $500 billion. The plan, presented by Energy Minister Alparslan Bayraktar, involves increasing renewable and nuclear power. Renewable energy's share of installed capacity is expected to rise from 63% to 77%, with total capacity growing from 123 to 281 GW. Nuclear power is set to expand to 10 GW, with a decision on two additional plants expected in 2027.
The goal is to reduce dependence on energy imports, which currently stands at $65-70 billion per year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
