News

By 2035 smart grids to be financed with EUR 10 billion

Published

February 22, 2016

Comments

comments icon

0

Share

Published:

February 22, 2016

Comments:

comments icon

0

Share

“Europe plans to invest EUR 400 billion in smart grids by 2050. In Turkey, we estimate that this volume will be around EUR 10 billion by 2035,” Uğur Yüksel, secretary general of the Electricity Distribution Association (Elder) told Anadolu Agency, as reported by its Energy Terminal.

The introduction of smart grids to Turkey’s energy sector will prevent power cuts through automatic measuring systems by conducting situation analysis and providing grid reliability by controlling overloads and failures. He stated the durability of the electricity network will be increased that and the continuity of energy supplies will be combined with more energy efficiency. With the aim of introducing smart grids, out of Turkey’s 21 electricity distribution companies, nine companies are preparing through a consortium to realize ‘Turkey’s Smart Grids Roadmap to 2020’ project, Yüksel explained.

“In that regard, we aim for maximum use of local technology. This project will last 16 months and methodology along with schedule to transition to smart grids will be determined during that process,” Yüksel explained. The grid allows for the introduction of renewable energy resources into the system and offers many benefits to utilities and consumers – mostly seen in improvements in energy efficiency and reliability on the electricity grid and in energy conservation in users’ homes and offices.

Related Articles

Global solar power capacity doubles to 2 TW in just two years

Global solar power capacity doubles to 2 TW in just two years

11 November 2024 - The Global Solar Council declared that the 2 TW threshold of total photovoltaic capacity has been reached

Slovenia adopts spatial plan for Ojstrica wind farm amid local outcry

Slovenia adopts spatial plan for Ojstrica wind farm amid local outcry

08 November 2024 - The Ojstrica wind power project got its spatial plan but locals and the Municipality of Dravograd remain opposed to it

OMV Petrom Tarom sustainable aviation fuel SAF

Tarom to use sustainable aviation fuel supplied by OMV Petrom

08 November 2024 - Romanian companies OMV Petrom and Tarom signed a contract for the supply of sustainable aviation fuel (SAF)

belgrade strategy green infrastructure forest public debate

Belgrade prepares draft Green Infrastructure Strategy

08 November 2024 - The Secretariat for Environmental Protection has launched a public debate on the draft Green Infrastructure Strategy of the City of Belgrade