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

0

Share

Published:

November 7, 2022

Country:

Comments:

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

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

Greece joins European Single Intraday Coupling sidc

Greece joins European Single Intraday Coupling

01 December 2022 - Intraday markets of 25 European countries are now united and the integration has been completed.