Business · Energy & Commodities · 6 hrs ago
Turkey plans $500 billion energy shift toward electricity by 2040
Turkey plans to invest $500 billion in energy by 2040 as it shifts its energy system toward electricity.
Energy Minister Alparslan Bayraktar presented the national strategy, which includes expanding renewable power and nuclear energy.
Renewables are expected to rise to 77% of installed power capacity, up from 63% now.
The plan also aims to increase total power capacity from 123 to 281 gigawatts.
Nuclear power capacity is planned to reach 10 gigawatts, and the government will decide in 2027 whether to build two more nuclear plants.
The strategy aims to reduce Turkey’s dependence on energy imports by expanding domestic power generation.
The sources do not say when construction would begin or identify a final partner for the possible new plants.
Turkey plans to invest $500 billion to shift its energy supply toward electricity by 2040.
The strategy aims to reduce the country’s dependence on energy imports.
Renewables’ share of installed electricity capacity is planned to rise from 63% to 77%.
The plan calls for total capacity to grow from 123 gigawatts to 281 gigawatts.
Turkey plans to expand nuclear power capacity to 10 gigawatts and decide on two additional nuclear plants in 2027.
- Who
- Turkey’s government, with the national energy strategy presented by Energy Minister Alparslan Bayraktar.
- What
- Turkey plans a $500 billion investment to shift its energy supply toward electricity, expand renewables and nuclear power, and reduce reliance on energy imports.
- When
- The plan targets 2040. A decision on two additional nuclear plants is expected in 2027.
- Where
- Turkey.
- Why
- The government aims to reduce dependence on energy imports.
This story does not have two clearly opposing sides.
Canadian Prime Minister Mark Carney visited Turkey, and one planned nuclear power project was reportedly discussed.
Energy Minister Alparslan Bayraktar presented Turkey’s national energy strategy.
Turkey plans to decide on two additional nuclear power plants.
- Total planned investment
- $500 billion
- Target year
- 2040
- Renewables share of installed electricity capacity
- 63% currently; 77% planned
- Total capacity
- 123 GW currently; 281 GW planned
- Planned nuclear power capacity
- 10 GW
- Decision on additional nuclear plants
- 2027