Due to its weather conditions and vast territory, Turkey looks set to become a renewables powerhouse sooner or later. Its proximity to energy-hungry Europe is an additional strategic advantage when it comes to monetizing this potential.
“Total installed capacity in the country is 7.8 gigawatt in solar and 10.7 gigawatt in wind. Before the end of the year, the Turkish Ministry of Energy wants to conclude tenders of additional 3 GW renewable energy projects,” said Eser Özdil, a nonresident fellow at the Atlantic Council in Turkey.
In recent months, the country has focused chiefly on roof PV installations. It had traditionally invested in hydropower and to a lesser extent in geothermal technology.
“The country has achieved an impressive increase in renewable energy generation capacity, reaching 44% [of the overall mix] in 2020. Hydropower is the most prominent renewable energy source, accounting for 20% of electricity production,” an EU official…