Will Turkey quadruple its wind and solar power capacity by 2035?

ISTANBUL, Oct 21 (Reuters) - Turkey will need $108 billion of public and private investment as it aims to quadruple its wind and solar energy power capacity to 120,000 MW by 2035, Energy Minister Alparslan Bayraktar said on Monday.

How much solar power does Turkey have?

Turkey’s total installed PV capacity reached 12.4 GW at the end of February. Turkish Minister of Energy and Natural Resources Alparslan Bayraktar says the country aims to add 3.5 GW of PV every year through to 2035.

How much solar will Turkey add in 2035?

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar says the country aims to add 3.5 GW of PV every year through to 2035. Turkey’s operational solar fleet is growing in leaps and bounds, with 1,109 MW of new projects added in just the first two months of 2024.

What is Turkey's largest solar project?

The project is claimed to be Turkey’s largest solar facility and will power almost two million Turkish houses upon completion next year. It is part of a tender process launched by the Turkish Ministry of Energy under the Renewable Energy Resources Zones (YEKA) programme.

Is Turkey a good place to invest in wind & solar energy?

Although Turkey's wind and solar energy capacity grew sharply in recent years, a lengthy permission process and lack of financing have been the key issues of concern for energy sector investors.

How many MW does Turkey have in 2023?

Turkey’s total added capacity came in at 2,858 MW in 2023, with wind and solar accounting for 99.5% of the total.