Renewables

Renewable power capacity in Turkey to more than double by 2030 to 50 GW

Renewable power capacity in Turkey to more than double by 2030

Photo: David Mark from Pixabay

Published

August 9, 2021

Country

Comments

0

Share

Published:

August 9, 2021

Country:

Comments:

0

Share

Renewable power capacity in Turkey, excluding hydropower, is expected to increase from 19.07 GW in 2020 to 49.31 GW by 2030, growing at a compound annual growth rate (CAGR) of 10%, according to data and analytics company GlobalData.

Around 25 onshore wind power projects are under construction and a further 99 projects are in the process of receiving governmental permits, with total capacity collectively accounting for around 6.77 GW, according to GlobalData’s report ‘Turkey Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape’.

The government is now planning to reach a cumulative solar PV capacity of 15 GW by 2027

The country has already achieved its 2023 target of 5 GW solar PV capacity in 2018 and the government is now planning to reach a cumulative solar PV capacity of 15 GW by 2027. Turkey is expected to comfortably meet this target by 2026, Global Data said.

The expected renewables growth is supported by the Renewable Energy Law, the government’s tool for achieving renewable power targets.

Reforms paved the way for the renewables growth

Rohit Ravetkar, Power Analyst at GlobalData, said the Turkish government has been actively encouraging the use of renewable power sources to reduce dependence on fossil fuels. Under its National Renewable Energy Action Plan (NREAP), the country is expanding its renewable power capacity led by wind power.

“The successful privatization of power distribution, along with the expected privatization of its power transmission sector, is likely to increase competition and expand growth opportunities in Turkey. The government also established a national energy exchange, which became operational in 2015. It has fostered further liberalization of the power sector and ensured more transparency and efficient matching of supply and demand. Additionally, as Turkey bridges Europe and Asia, this provides an opportunity for the country to transform into a regional energy hub,” Ravetkar said.

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

Kosovo measure wind potential auctions public projects

Kosovo* to measure wind potential for auctions, public projects

02 March 2024 - Kosovo* is about to measure wind potential to present the data to foreign investors or develop public projects

Nikšić from solar and wind can produce enough electricity for the entire Montenegro

Solar, wind parks around Nikšić could power entire Montenegro

01 March 2024 - Solar and wind power plants in optimal locations in Nikšić could cover the electricity consumption of all households in Montenegro

Janom Investments expands Croatia 30 MW solar power project

Janom Investments expands to Croatia with 30 MW solar power project

01 March 2024 - The planned 30 MW solar power plant in the Slavonia area is the first project of janom Investments in Croatia.

European heat pump sales drop 2023 layoffs

European heat pump sales drop in 2023, resulting in layoffs

29 February 2024 - Heat pump sales tumbled 4.7% last year in 14 countries tracked by the European Heat Pump Association (EHPA)