Published October 21,2024
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Türkiye goals to extend put in wind and photo voltaic capability to 120,000 megawatts (MW) by 2035, requiring almost $80 billion funding, Turkish Energy and Natural Resources Minister Alparslan Bayraktar mentioned on Monday.
By 2035, Türkiye will “quadruple” its present capability of 30,000 MW, he mentioned in the course of the Energy Transformation-Renewable Energy 2035 assembly in Istanbul, bringing collectively key gamers within the vitality sector.
“We believe that by working together with stakeholders, financial institutions and investors, we can achieve our goal of investing $80 billion in renewable energy,” Bayraktar added.
In order so as to add 90,000 MW to the prevailing capability, he mentioned that the nation wants to put in 7,500-8,000 MW of renewable vitality capability annually.
“We are set to launch 90,000 MW of new renewable capacity, along with a new transmission grid, upgraded infrastructure, a new investment of approximately $108 billion and a new reform process,” he mentioned, outlining Türkiye’s imaginative and prescient for vitality transformation and renewable vitality over the subsequent 11 years.
“Certainly, when policymakers, investors, financial institutions, international organizations, national agencies and our suppliers each play their role, I am confident that Türkiye will successfully meet these targets,” the minister mentioned.
Bayraktar additionally mentioned that Türkiye’s vitality insurance policies are pushed by three key objectives, together with the safety of provide, decreasing international vitality dependence and reaching internet zero emissions by 2053.
The Turkish minister mentioned that the share of renewable vitality in Türkiye’s whole put in electrical energy capability reached 59% as of September.
Noting that Türkiye additionally goals to shorten the allow processes in renewable vitality, which at present takes about 48 months, Bayraktar mentioned: “We will reduce these 48 months to 2 years or less. In this way, these investments will be realized very quickly.”
Türkiye is on monitor to provide 9.1 million cubic meters of gasoline per day within the first quarter of 2025 by way of Sakarya Gas Field within the Black Sea, assembly the wants of 4 million households, he added.
Source: www.anews.com.tr