Turkey Invests $70 Million to Develop Renewable Energy

Turkey launches a plan to modernize its electrical grid with the support of Climate Investment Funds and international financial players, aiming to quadruple solar capacity and double wind energy by 2035.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Turkey is embarking on a large-scale transformation of its national electrical grid, supported by $70 million in funding granted by the Climate Investment Funds (CIF). This initiative, co-developed with the European Bank for Reconstruction and Development (EBRD) and the World Bank Group, aims to double wind capacity and quadruple solar capacity by 2035, as part of the country’s goal to achieve carbon neutrality by 2053.

Currently, Turkey exploits about 3% of its solar potential and 15% of its terrestrial wind potential. To increase renewable energy production, substantial investments are needed in electricity transmission and distribution infrastructure. CIF’s financial support will thus enable the implementation of a $790 million project to strengthen the electric grid, integrate advanced technologies, and increase energy storage capacity.

Toward a More Flexible and Resilient Electric Grid

To enable the integration of solar and wind energy, the plan includes investments in smart infrastructure, such as decentralized electric charging stations and digitization of the distribution network. An additional storage capacity of 7,500 MW is also planned, addressing the variability of renewable energy sources and ensuring a stable electricity supply.

These efforts aim to adapt Turkey’s electric grid to the challenges of renewable energy intermittency. By 2035, this transformation could allow for the integration of an additional 60 GW of wind and solar energy, equivalent to 21.6 Mtoe (million tonnes of oil equivalent) of renewable energy, capable of powering approximately 70 million households per year.

International Collaboration for a Sustainable Energy Future

This project is part of the CIF’s Renewable Energy Integration program, launched in 2021 with the support of the G7, dedicated exclusively to the integration of clean energy. The program aims to catalyze investments necessary to build energy systems capable of absorbing significant volumes of intermittent energy.

The Turkish government has already made significant progress in energy transition and carbon emission reduction. According to Osman Çelik, Deputy Minister of Treasury and Finance, this initiative is crucial for achieving the country’s sustainable development goals. “Our path to zero emissions by 2053 requires a strong commitment to increasing our renewable energy capacity,” he said, highlighting the importance of this cooperation with CIF, the World Bank, and the EBRD.

The Role of International Partners

Nadia Petkova, Director of Impact and Partnerships at the EBRD, emphasized that the CIF’s REI program is essential for increasing the flexibility of energy systems and facilitating off-grid access to renewable energy. The EBRD will support the implementation of this ambitious plan, helping the Turkish government reach its target of adding 60 GW of wind and solar capacity by 2035.

In addition to institutional partners, private sector players are also involved in this project. They will play a key role in integrating smart technologies and optimizing energy storage, making large-scale deployment of renewable energy possible.

The European Commission is reviving efforts to abolish daylight saving time, supported by several member states, as the energy savings from the practice are now considered negligible.
Rising responses to UNEP’s satellite alerts trigger measurement, reporting and verification clauses; the European Union sets import milestones, Japan strengthens liquefied natural gas traceability; operators and steelmakers adjust budgets and contracts.
The Finance Committee has adopted an amendment to overhaul electricity pricing by removing the planned redistribution mechanism and capping producers' profit margins.
The European Commission unveils a seven-point action plan aimed at lowering energy costs, targeting energy-intensive industries and households facing persistently high utility bills.
The European Commission plans to keep energy at the heart of its 2026 agenda, with several structural reforms targeting market security, governance and simplification.
The new Liberal Democratic Party (LDP)–Japan Innovation Party (Nippon Ishin no Kai) axis combines a nuclear restart, targeted fuel tax cuts and energy subsidies, with immediate effects on prices and risk reallocations for operators. —
German authorities have ruled out market abuse by major power producers during sharp price increases caused by low renewable output in late 2024.
A new International Energy Agency report urges Maputo to accelerate energy investment to ensure universal electricity access and support its emerging industry.
Increased reliance on combined-cycle plants after the April 28 blackout pushed gas use for electricity up by about 37%, bringing total demand to 267.6 TWh and strengthening flows to France.
The United States announces a tariff increase beyond the 10% base rate targeting several Colombian products. Bogotá has recalled its ambassador. The detailed list of tariff lines has not yet been published, while Colombia’s ban on coal exports to Israel remains in effect.
The president-elect outlines a pro-market agenda: gradual reform of fuel subsidies, review of Yacimientos de Litio Bolivianos (YLB) lithium contracts, and monetization of gas transit between Argentina and Brazil, prioritizing supply stabilization.
A three-year partnership has been signed between Senegal and two Quebec-based companies to develop the country’s geoscientific capacity and structure its energy sector through technological innovation.
The South African government plans 105,000 MW of additional capacity by 2039 to redefine its energy mix, support industrialisation, and strengthen supply security.
The Dutch government is initiating legislative reform to extend the Borssele nuclear plant until 2054 and has formalised the creation of a public entity to develop two new reactors.
The United Kingdom unveils a structured plan to double clean energy jobs, backed by over £50 billion ($61.04bn) in private investment and the creation of new training centres across industrial regions.
Vice President Kashim Shettima stated that Nigeria will need to invest more than $23bn to connect populations still without electricity, as part of a long-term energy objective.
Talks on the Net-Zero Framework, which seeks to regulate greenhouse gas pricing on marine fuels, have been postponed until 2026 following a majority vote initiated by Saudi Arabia.
Enedis will progressively reorganise off-peak hour time slots from 1 November, impacting 14.5 million customers by 2027, under new rules set by the Energy Regulatory Commission.
A report highlights the financial burden of fossil imports during the energy crisis and points to electrification as key to European energy security.
Prime Minister Sébastien Lecornu announced a review of public funding for renewable energy, without changing national targets, to avoid rent-seeking effects and better regulate the use of public funds.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.