Turkey's 2040 New Energy Architecture and Electrification Targets
Speaking at the launch of the International Energy Agency report, Minister of Energy and Natural Resources Alparslan Bayraktar announced that the new energy architecture will be unveiled before COP31 and that millions of electric vehicles will be on the roads by 2035.
Minister of Energy and Natural Resources Alparslan Bayraktar shared Turkey's electrification and electric vehicle targets at the launch meeting of the IEA's Turkey Energy Policy Review Report, stating that they aim to present Turkey's 2040 New Energy Architecture before COP31.
2040 New Energy Architecture
Minister of Energy and Natural Resources Alparslan Bayraktar stated that they are reviewing the Turkish National Energy Plan during the launch of the International Energy Agency's Turkey Energy Policy Review Report.
Minister Bayraktar noted that they aim to present this plan more comprehensively as Turkey's 2040 New Energy Architecture before COP31 and that they are carrying out serious work in this direction.
Electrification in Transportation
Emphasizing that electrification is at the center of the new energy architecture, Minister Bayraktar noted that they will electrify Turkey and significantly increase electrification.
Pointing out that the electrification rate in transportation is 0.5 per thousand, Bayraktar said they want 8 to 10 million electric vehicles to be on the roads in Turkey by 2035 and aim to convert the vehicle fleet largely to electric.
Infrastructure and National Champions
Stating that there was an increase of between 19 percent and 20 percent in electricity demand solely due to cooling last year, Bayraktar expressed that they anticipate this increase to continue similarly every year.
Stating that institutions such as Turkish Petroleum, BOTAŞ, TEİAŞ, EÜAŞ, and Eti Maden have been transformed into national champions, Bayraktar expressed that there is an investment need of 80 billion dollars for the electricity infrastructure.
Demand and Supply Security
IEA President Fatih Birol stated that Turkey's average electricity demand growth over the last 10 years was 5 percent, and with this rate, the country ranked first among all IEA member countries.
Minister Bayraktar, on the other hand, evaluated issues regarding the Strait of Hormuz crisis and the natural gas agreement with Iran, noting that storage facilities are full as they enter the winter and they do not foresee any problems in supply security.