News

Attractiveness of Turkish market growing with renewables

Published

May 3, 2016

Comments

comments icon

0

Share

Published:

May 3, 2016

Comments:

comments icon

0

Share

Turkey, despite the problems in the surrounding Middle Eastern region, is a good country to make energy investments, according to the head of Energy Council of Foreign Investors, Anadolu Agency’s Energy News Terminal reported. Mario Diel said in an interview that domestic electricity and natural gas markets are new, developing and ripe for foreign investors to profit. He also stressed the electricity market is well organized and regulated, and added that when renewable technology and new energy developments come to Turkey, the appeal will be further enhanced.

Electricity market in Turkey is well organized and regulated, Mario Diel said.

“We started trading electricity and natural gas a few years ago, of course it is a new market, so people have to learn how to do business in Turkey. It is a big country to invest in. It has a young population as a potential workforce, and has increasing demand for more electricity generation. Turkey can be an energy trading hub in the future. Currently we see that Turkey can transfer its electricity to neighbouring countries and is also capable of energy trade with surrounding countries like Georgia, Bulgaria and Greece,” Diel said.

Related Articles

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

Constitutional Court of Serbia rules in favor of Rio Tinto lithium project

Constitutional Court of Serbia rules in favor of Rio Tinto’s lithium project

11 July 2024 - The Constitutional Court of Serbia declared unconstitutional a decree that annulled the local spatial plan for Rio Tinto's lithium project

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E