Turkey to Unveil Revised National Energy Plan with Ambitious Targets by 2040

Turkey is set to unveil a revised National Energy Plan on November 5, aiming to boost its renewable energy capacity and reduce carbon emissions, Anadolu Agency, Turkey's state-run news agency, reported.

The plan, which extends to 2040, focuses on increasing renewable energy sources to secure supplies, cut import bills, and achieve Turkey's goal of net-zero emissions by 2053.

Currently, Turkey's combined wind and solar installed capacity has surpassed 44 gigawatts.

By 2035, the country aims to increase this capacity to 120 gigawatts.

To achieve this, integrating renewable energy with growing electrification will require significant investments in transmission and distribution infrastructure, storage, interconnections, and grid flexibility.

An estimated $80 billion is needed for transmission and distribution investments through 2035, with requirements expected to rise as the planning horizon extends to 2040.

Upgrades to the grid are crucial; without them, renewable energy ambitions will remain unfulfilled.

The transition to renewable energy also supports domestic manufacturing, with local content in hydropower equipment nearing 100%, 90% in solar, and 60-65% in wind.

The energy ministry is working on additional incentives to address competitive pressures in the sector.

The push for renewable energy and infrastructure investment is part of a broader global effort to combat climate change and reduce carbon emissions.

Countries are increasingly turning to renewable energy sources, such as wind and solar power, to meet their energy needs while minimizing environmental impact.

Turkey's revised National Energy Plan is expected to play a significant role in the country's transition to a more sustainable energy future.