Skip to content Skip to Search
Skip navigation

Turkey banks on renewables in power plan for 2028

Wind energy installed power in Turkey is forecast to reach 18,000 MW in 2028 Unsplash/Anna Jiménez Calaf
Wind energy installed power in Turkey is forecast to reach 18,000 MW in 2028
  • Electricity capacity to rise 27% by 2028
  • Renewable resources to provide 50% of electricity production 
  • Natural gas to supply 15% of electricity output

Half of Turkey’s proposed new installed electricity capacity will come from renewables, the Energy and Natural Resources Ministry said in a post on the social messaging site X, formerly Twitter.

The country’s capacity is planned to rise 27 percent to 136,000 megawatts (MW) by 2028.

Electrical energy demand will hit 430 terawatt hours (TWh) in 2028. Wind energy installed power will reach 18,000 MW, while solar energy installed power will stand at 30,000 MW.

The amount of electrical energy produced from domestic resources is expected to be 270 TWh, while the share of renewable resources in electricity production will be 50 percent.

The proportion of natural gas used in electricity production will be 15 percent.

The government will also increase underground natural gas storage capacity to 13 billion cubic meters in 2028, while battery storage capacity will be raised to 5,000 MW.

In May, Turkey’s President Tayyip Erdoğan inaugurated Europe’s biggest solar power plant built on a single site.

The $1 billion plant in the central province of Konya, developed by Kalyon Energy, an affiliate of Kalyon Holding, has an installed capacity of 1,350 MW, the Daily Sabah newspaper reported.

More than 3.2 million solar panels generate three million kilowatt-hours of electricity annually, which will power two million homes and prevent $450 million of fossil fuel equivalent resources being used.

Latest articles

PIF's Starbucks shareholdings were cut almost by half from 6.3 million shares to 3.8 million

PIF slashes Starbucks stake as it cuts US stocks by $15bn

Saudi Arabia’s Public Investment Fund (PIF) has slashed its US equity holdings by 42 percent to $20.6 billion, including its stake in Starbucks, the global coffee chain that has suffered calls for a boycott as a result of the Gaza conflict. The latest US government data highlights funding challenges facing the Saudi giga-projects.  The filing […]

Tunisia olives

Soaring olive oil exports help Tunisia balance books

Tunisia’s soaring olive oil exports have almost doubled to close to $1 billion in just five months, helping it claw back its current account deficit.   However the increased revenues merely “paint over the cracks” and the country is still probably heading towards a sovereign default, according to an economic expert. Tunisia’s current account deficit narrowed […]

Iraqi prime minister Mohammed Shia Al-Sudani attends licensing rounds for 29 oil and gas exploration blocks at the oil ministry's headquarters in Baghdad

Falling oil prices deepen Iraq’s fiscal imbalances, says IMF

Iraq’s fiscal imbalances have worsened due to significant fiscal expansion and lower oil prices, according to the International Monetary Fund (IMF). “The ongoing fiscal expansion is expected to boost growth in 2024 at the expense of a further deterioration of fiscal and external accounts and Iraq’s vulnerability to oil price fluctuations,” the Washington-based fund said in […]

Saudi aluminium producer Talco is offering 12 million shares

Aluminium producer Talco announces Saudi IPO

Aluminium producer Al Taiseer Group Talco Industrial Company (Talco) is the latest entity to reveal initial public offering (IPO) plans in Saudi Arabia. The Riyadh-based company, which was set up in 2009, is offering 12 million shares, a 30 percent stake, on the Saudi Exchange (Tadawul) at a nominal value of SAR10 ($2.67) per share. […]