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

japan osmotic power plant fukuoka

Japan inaugurates world’s second osmotic power plant

29 August 2025 - Japan's first osmotic power plant began operations in early August. The facility in Fukuoka harnesses the natural process of osmosis.

slovenia power distribution voltage energy flows grid solar power plants

Reverse energy flows turn Slovenian distributors into power producers

28 August 2025 - On May 1 and 2, five Slovenian power distribution companies fed more electricity into the transmission grid than they withdrew.

energy traders europe cbam european commission

Energy Traders Europe calls for clear rules before CBAM implementation

28 August 2025 - Energy Traders Europe has sent proposals to the European Commission regarding the Carbon Border Adjustment Mechanism.

google reveals gemini ai energy water consumption

Google reveals Gemini AI’s energy and water consumption

28 August 2025 - Google has become the first tech company to publish a report on the energy consumption, emissions, and water use of its AI software, Gemini.