T眉rkiye outlined its plans for renewable energy capacity expansion and clean energy transformation by 2035 to investors Monday at a meeting in London.
It marked the inaugural session of the Presidential Investment Office's special tour, which includes stops in the UK, France, the Netherlands and Germany, to showcase opportunities in T眉rkiye鈥檚 renewable energy market.
T眉rkiye's renewable energy capacity goals and clean energy strategies by 2035 and investor incentives, including tariff models, were detailed at the event.
In his remarks, T眉rkiye's ambassador to the UK, Osman Koray Ertas, highlighted the growing global challenges posed by climate change. He emphasized that T眉rkiye is addressing these issues through serious transformation plans and is committed to supporting green energy investments.
Zeynel Kilinc, vice president of the Investment Office, described the London session as the first step of the tour and recognized the UK as a key player in the renewable energy sector. He provided insights into T眉rkiye鈥檚 investment opportunities, renewable energy goals and upcoming renewable energy resource area competitions, adding the country鈥檚 investment environment remains favorable for investors.
Kilinc also reaffirmed T眉rkiye鈥檚 commitment to achieving its 2053 net zero emissions target, with clean energy transformation being a central focus.
Energy and Natural Resources Minister Alparslan Bayraktar outlined T眉rkiye's long-term energy strategy, which focuses on five areas: increasing renewable energy capacity, improving energy efficiency, expanding nuclear power generation, adopting new technologies such as hydrogen and battery storage and investing in critical minerals and rare earth elements.
By 2035, Bayraktar noted, T眉rkiye has set ambitious goals, including increasing its combined wind and solar energy capacity from 30 gigawatts to 120 gigawatts. He added that achieving these targets would require at least $80 billion in investments.
Reporting by Nuran Erkul Kaya in London
Writing by Gokhan Ergocun in Istanbul
Anadolu Agency
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