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Italian Economic Diplomacy, 14 September: Latest global news

Turkey has revised its renewable energy target by passing measures to raise its clean energy production quota from 31% to over 50% by 2023.

Last 3 August, Turkish President Recep Tayyip Erdogan announced that the Action Plan to develop the national energy sector promoted during his first 100 days of Government envisages the use of domestic energy sources, including wind, solar and geothermal energy, in addition to other renewable energy sources, through a series of public contracts for solar power stations for an overall capacity of 3 GM and an estimated investment of almost 4.8 billion dollars. Turkey also plans to increase its power production from both wind and solar energy by 10,000 MW each within the next decade through calls for tender in the area of wind energy renewable sources such as the one launched for the 1,200 MW offshore wind power production plant, one of the largest in the world and the first of the kind in the Country.  

Thanks to the National Energy Efficiency Action Plan announced in April, the Government plans to save up to 30.2 billion dollars by 2033.

The residential and industrial energy saving will also play an important role. Savings are estimated to amount to approximately 1 billion dollars in the residential sector and 10 billion dollars in the industrial sector. The Plan includes 55 actions aimed at developing energy efficiency measures in several sectors: industry, transport, construction, agriculture and energy production and conversion. Investments are expected to amount to almost 10.9 billion dollars by 2023 and to create 20,000 new jobs in the energy sector.

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