Turkey Boosts Renewable Energy Sector With $3 Billion Projects

Turkey's Energy Market Regulatory Authority (EMRA) has approved preliminary licenses for 1,400 megawatts (MW) of renewable energy power plants in the past two weeks. The projects, which include solar and wind plants with storage facilities, are expected to cost around $3 billion and reduce the pressure on the country's electricity grid.

The EMRA president Mustafa Yılmaz said that the pre-licenses were a sign of the strong investment appetite and competitive structure of the renewable energy sector in Turkey. He added that the projects would contribute to the country's energy security, diversity and sustainability goals.

Turkey aims to increase the share of renewable energy sources in its total installed power capacity to 65 percent by 2023. According to the latest data from the Ministry of Energy and Natural Resources, Turkey had 95,646 MW of installed power capacity as of February 2021, of which 52 percent came from renewable sources.

Source: hurriyetdailynews.com