Middle East

Turkey sets renewable energy goal of Turkey 7,500 MW goal for industrial renewables 2024


A beach in Turkey

A beach in Turkey

Turkey has declared a significant advancement in its renewable energy sector, allocating 7,500 megawatts (MW) of renewable capacity for industrial use this year. Turkey is emphasising the role of renewables in reducing foreign oil and gas dependence and lowering the current account deficit, said Energy and Natural Resources Minister Alparslan Bayraktar. He stated that $5 billion USD in investments would be made for renewables starting immediately.

With an addition of over 2,800 MW in renewable energy capacity installations last year, Turkey increased the share of renewables in electricity production to 42% of its total energy needs. Bayraktar highlighted the national target of 5,000 MW of annual renewable energy additions, aligning with Turkey’s strategy to address the current account deficit and tackle climate change.

As the carbon border adjustment looms in 2026, he urged manufacturers to cut carbon emissions, underscoring the crucial role of renewable energy in this effort.

Solar power is a growing part of renewable energy Turley, with 10 gigawatts (GW) of solar panels generating 5% of the country’s electricity. Solar thermal is also important. These are the solar panels that heat water on home roofs. Although similarly sunny as Spain, Turkey has installed far less solar power than Spain.

 

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