Renewables

Investments of USD 1 billion in 2023 expected in Turkey’s wind sector

Investments USD 1 billion expected Turkey wind sector 2023

Photo: Venti Views on Unsplash

Published

November 7, 2022

Country

Comments

comments icon

0

Share

Published:

November 7, 2022

Country:

Comments:

comments icon

0

Share

Chairman of Turkish Wind Energy Association İbrahim Erden estimated that the country would add almost 1 GW in wind power capacity next year. He said it could attract another USD 1 billion in investments.

Turkey is set to increase its wind energy capacity to 12 GW in the first quarter, according to İbrahim Erden. The chairman of Turkish Wind Energy Association (TWEA or TÜREB) added it would still be low for a country with a potential of more than 100 GW in onshore wind.

The industry could be adding up to 3 GW per year, though investments are insufficient now, but the level can be reached with effective financing, human resources, engineering and equipment production, the official pointed out at the Turkish Wind Energy Congress in Izmir. The addition of almost 1 GW is expected next year, adding it would attract another USD 1 billion in investments, Erden said, as quoted by the Daily Sabah.

Erden: Wind equipment exports are set to reach USD 1.49 billion this year and grow 10% in 2023

The head of TWEA pointed to barriers for the sector’s development amid the energy crisis including the surge in prices. Turbine delivery lasted six to eight months just a year ago while currently the period is four or five months longer, Erden stressed.

Turkey ranks fifth in Europe in wind energy equipment production, he said and estimated exports would reach USD 1.49 billion this year and grow 10% in 2023. According to the association, last year the country added a record 1.75 GW in wind energy, reaching 1.75 GW.

The wind turbine delivery period has been increased by four to five months in the past year

Total electricity production capacity hit 100 GW in March. Renewables including hydropower had a 95% share in new installations in 2021.

Erden said the Izmir area and the rest of the western Aegean are leading the way in wind power, with 1.74 GW in operation, and in equipment production.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Nordex gets order for 70 MW wind power project Jasikovo in Serbia

Nordex gets order for 70 MW wind power project Jasikovo in Serbia

24 March 2026 - Nordex Group received an order for the supply and installation of eleven N175/6.X wind turbines for the Jasikovo wind farm in eastern Serbia

Serbian student team H-Bridges IEEE IFEC 2026 semifinals IEEE APEC conference

Serbian student team H-Bridges in IEEE IFEC 2026 semifinals at IEEE APEC conference

24 March 2026 - The H-Bridges student team from Serbia is in the semifinals of the International Future Energy Challenge (IFEC) competition in San Antonio, California, within the IEEE Applied Power Electronics Conference and Exposition.

World adds record 814 GW of solar wind in 2025

World adds record 814 GW of solar, wind in 2025

23 March 2026 - The world expanded its solar and wind power capacity by a record 814 GW altogether last year, or 17% more than in 2024, Ember found

entso e spain portugal blackout final report

ENTSO-E publishes final report on 2025 Spain, Portugal blackout

23 March 2026 - The report on the grid incident in Spain and Portugal on April 28 was produced by a technical expert panel of 49 members, ENTSO-E said