GT Business Opportunities in Türkiye
High level priorities regarding the green transition:
Türkiye has a 74% import dependency to meet its energy demand and it a top strategic goal to reduce this. However, this dependency brings international relations into prominence in this field.
One of the main goals of Türkiye’s energy strategy is to diversify routes and resources to strengthen its energy supply security. Türkiye also aims to contribute to regional and global energy security and to become a regional trade centre in energy. The fundamental elements that constitute the international dimension of Türkiye’s energy strategy are:
- To ensure the diversification of routes and resources in the supply of oil and natural gas, taking into account the increasing demand and import dependency,
- To contribute to regional and global energy security,
- To be a regional trade center in energy,
- To consider social and environmental impacts in the context of sustainable development in every phase of the energy chain,
- To increase the share of domestic and renewable energy in electricity production,
- To include nuclear power in its energy mix.
Norwegian energy sector investors:
- Statkraft
Will you join us exploring the following opportunities …. ?
Türkiye has published its National Energy Plan in which the country aims to increase its solar energy capacity more than fivefold to reach 52.9 GW by 2035 (7.8 GW in 2021). Wind capacity is expected to increase nearly threefold to reach 29.6 GW in 2035 (10.6 GW in 2021), while hydro capacity will raise to 35.1 GW (31.5 GW in 2021). Nuclear capacity, which Türkiye considers as renewable capacity in its energy plan, is expected to reach 7.2 GW in 2035 (none in 2021). In terms of conventional sources, natural gas capacity is set to reach 35.5 GW in 2035 (25.9 GW in 2021) and coal capacity is expected to reach 24.3 GW (20.5 GW in 2021).
Overall, Türkiye’s installed capacity is expected to increase to 189.7 GW in 2035 (99.9 GW in 2021). Renewables will account for 74.3% of the new power capacity that will be commissioned and will make up 64.7% of Türkiye’s total installed capacity by 2035 (54% in 2021).
In addition, Türkiye’s primary energy consumption is estimated to reach 205.3 Mtoe by 2035 (162.6 Mtoe in 2021). The country’s electricity consumption, which increased by 4.4% annually in the 2000-2020 period, is expected to increase by 3.5% annually until 2035, reaching 510.5 TWh.
In its plan, Türkiye also reiterates its intention to reach net zero emissions by 2053.
In December 2023 we visited the Turkish Ministry of Trade in Ankara and clarified the opportunities for Norwegian companies to engage in the green transition of Türkiye.
