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

New Akuo Southeastern Europe interview Bruno Bensasson

New Akuo is powering up in Southeastern Europe

27 April 2026 - The energy crisis is underscoring the necessity of renewables for energy security, alongside climate goals and competitiveness, CEO of Akuo Bruno Bensasson tells Balkan Green Energy News

croatia geolgical co2 storing ccs agency balen susnjar krpan

Croatia to analyze potential for geological CO2 storage

27 April 2026 - A grant agreement for the carbon dioxide capture and storage project was signed as part of the National Recovery and Resilience Plan

Italy revive coal plants gas price hits EUR 70 per MWh

Italy may revive coal plants if gas price hits EUR 70 per MWh

27 April 2026 - In an emergency, if the prices of gas reach EUR 70 per MWh, Italy may need to reactivate its coal power plants that are on standby

PPC to invest 24 billion with a focus on Balkan expansion

PPC to invest EUR 24 billion with focus on Balkan expansion

27 April 2026 - PPC boosted its investment plan to EUR 24 billion by the end of the decade, with a focus on renewable energy, gas power plants and data centers