popular articles

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.

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Recently published in

France proposes a stronger alliance between the European Union and China to counter the absence of the United States in the fight against climate change, with a summit scheduled for July 2025.
Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.
Hydro-Québec announces a 10 G$ investment to enhance energy efficiency through various initiatives by 2035, creating over 5,000 jobs and reducing operating costs for Quebec customers.
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
The UK government and Italian energy company Eni have announced the financial closing of a project aimed at burying millions of tonnes of CO2 in the Irish Sea, an ambitious initiative to reduce industrial emissions.
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
The United States strongly criticised anti-fossil fuel policies at the International Energy Agency (IEA) summit, highlighting their dangers to global energy security.
Countries such as Brazil and Australia are criticised for overstating the CO2 absorption capacity of their forests, a practice that undermines their commitment to reducing greenhouse gas emissions, according to a report by Climate Analytics.
In London, global officials gather to discuss energy security amid rising geopolitical tensions. Disagreements persist on the role of renewable energy in meeting global demand.
In London, global officials gather to discuss energy security amid rising geopolitical tensions. Disagreements persist on the role of renewable energy in meeting global demand.
As a parliamentary debate approaches, twenty energy organizations urge lawmakers to act to reduce France's reliance on fossil fuels by accelerating the electrification of uses.
As a parliamentary debate approaches, twenty energy organizations urge lawmakers to act to reduce France's reliance on fossil fuels by accelerating the electrification of uses.
Nigeria aims to increase its electricity production capacity by 4,000 MW by 2026 to meet the growing demand of the industrial sector, in a context of reforms and partnerships with international players.
Nigeria aims to increase its electricity production capacity by 4,000 MW by 2026 to meet the growing demand of the industrial sector, in a context of reforms and partnerships with international players.
EDF’s outgoing CEO, Luc Rémont, claims French electricity will be more competitive than that of the United States, despite ongoing criticisms from industrialists about high tariffs.
Donald Trump's aggressive trade policies and regulatory uncertainty in the United States are slowing investments in wind, solar, and energy storage, pushing the sector into a period of caution and market volatility.
Donald Trump's aggressive trade policies and regulatory uncertainty in the United States are slowing investments in wind, solar, and energy storage, pushing the sector into a period of caution and market volatility.
The French government activates five funding mechanisms to support industrial decarbonisation projects through the France 2030 plan, targeting major sites, SMEs and high-emission industrial zones.
The French government activates five funding mechanisms to support industrial decarbonisation projects through the France 2030 plan, targeting major sites, SMEs and high-emission industrial zones.
Paris releases a new €400mn funding package to support industrial projects aimed at reducing emissions under the France 2030 programme.
Paris releases a new €400mn funding package to support industrial projects aimed at reducing emissions under the France 2030 programme.
The massive withdrawal of American financial support and the reduction of European aid could jeopardize energy projects in Africa, profoundly altering their financing structure and the continent's commitments.
The Vietnamese government has raised its renewable energy targets in a new version of its national energy plan, responding to continued growth in electricity demand.
The Vietnamese government has raised its renewable energy targets in a new version of its national energy plan, responding to continued growth in electricity demand.
A massive outage plunged Puerto Rico into darkness on Wednesday, leaving approximately 1.1 million households without electricity after an unexpected shutdown of all its power plants.
A massive outage plunged Puerto Rico into darkness on Wednesday, leaving approximately 1.1 million households without electricity after an unexpected shutdown of all its power plants.
The Czech Republic has ended its dependency on Russian oil after more than six decades, a major shift made in response to Russia's invasion of Ukraine.
The Czech Republic has ended its dependency on Russian oil after more than six decades, a major shift made in response to Russia's invasion of Ukraine.
The European power purchase agreement (PPA) market for renewables reached 19 GW of new capacity in 2024, with growing momentum for hybrid contracts including storage.
Industry Minister Marc Ferracci criticised the Rassemblement National's stance on energy, accusing it of hindering planned investments in renewables in favour of fossil fuel imports.
Industry Minister Marc Ferracci criticised the Rassemblement National's stance on energy, accusing it of hindering planned investments in renewables in favour of fossil fuel imports.
Bill 69 sparks protests in Saint-Jean-sur-Richelieu, where several organisations denounce a risk of privatising Quebec’s electricity sector.
Bill 69 sparks protests in Saint-Jean-sur-Richelieu, where several organisations denounce a risk of privatising Quebec’s electricity sector.
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
Wind and solar energy accounted for nearly one-fifth of Türkiye’s electricity generation in 2024, according to an analysis by think tank Ember, driven by a strong increase in installed capacity.
France’s multi-year energy strategy shifts focus away from photovoltaics toward flexibility measures, including battery storage, to address growing imbalances in the electricity market.
France’s energy regulator unveils its first observatory dedicated to renewable electricity purchase agreements, highlighting a recent but still marginal growth compared to State-backed mechanisms.
France’s energy regulator unveils its first observatory dedicated to renewable electricity purchase agreements, highlighting a recent but still marginal growth compared to State-backed mechanisms.
The French government plans to adopt within two weeks a decree outlining the decade’s energy objectives, restarting nuclear power and preparing for a parliamentary debate on energy sovereignty.
The French government plans to adopt within two weeks a decree outlining the decade’s energy objectives, restarting nuclear power and preparing for a parliamentary debate on energy sovereignty.
The expansion of solar and wind capacity is multiplying hours of negative prices on European electricity markets, weakening the sector's economic balance while reshaping export and storage dynamics.
The expansion of solar and wind capacity is multiplying hours of negative prices on European electricity markets, weakening the sector's economic balance while reshaping export and storage dynamics.

Advertising