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Turkey Targets $5b Wind Investment
Turkey Targets $5b Wind Investment

Turkey Targets $5b Wind Investment

Turkey Targets $5b Wind Investment

Turkey aims to have $5 billion in wind energy investments by the end of this year, with the awarding of additional wind capacity tenders, the president of Turkish Wind Energy Association, Mustafa Serdar Ataseven, said in an interview with Anadolu Agency. "Turkey will launch on December 25 a five-day tender for 2,130 megawatts," Ataseven was quoted as saying by Oil Price. Currently, Turkey has 11 gigawatts of wind power stock on hand, he added, noting that the national target is to reach 20 GW of installed capacity by 2023. The Turkish government looks to raise the share of renewable sources in the country’s total installed power to 30% by 2023. By that time, Turkey aims to have total installed power capacity of 120 GW. The plan through 2023 also envisages installing 1 GW of geothermal and 5 GW of solar energy, but also increasing coal-fired installed capacity from the current 17.3 GW to 30 GW.

 

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