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

SANY Renewable Energy Alibunar wind parks Serbia end June 2026

SANY Renewable Energy to start building Alibunar wind parks in Serbia by end-June

22 May 2026 - SANY Renewable Energy has signed agreements with contractors for its wind power projects Alibunar 1 and 2 in northeastern Serbia

Sedat Akar YESS Power BESS launch Novaci hybrid power plant third quarter

YESS Power expects BESS launch at Novaci hybrid power plant in third quarter

21 May 2026 - Battery integrator YESS Power's General Manager Sedat Akar showcased the Novaci hybrid power plant at Belgrade Energy Forum – BEF 2026

serbia eu region bef 2026 financing corbo ebrd cerovic unicredit strauss ggf

Renewables financing environment completely reshaped by market instability

20 May 2026 - Representatives of international financial institutions, banks, and funds discussed new financing models at Belgrade Energy Forum 2026

North Macedonia advances toward European guarantees of origin MEMO joins AIB

North Macedonia advances toward European guarantees of origin system as MEMO joins AIB

20 May 2026 - North Macedonia's National Electricity Market Operator MEMO joined the Association of Issuing Bodies (AIB) for guarantees of origin