Turkey's Energy Plan Announced: $80 Billion Investment in Infrastructure

Deputy Minister of Energy and Natural Resources Nevzat Şatıroğlu stated that approximately $80 billion in investments is projected for the transmission and distribution infrastructure that will transport energy securely and efficiently until 2035.

Speaking at the 2nd Energy Strategies Conference organized by the Turkish Electricity Industry Association (TESAB), Deputy Minister of Energy and Natural Resources Nevzat Şatıroğlu reported that work on the 2040 Turkey National Energy Plan is ongoing and aims to establish a long-term roadmap. Stating that as of August, Turkey's installed electricity capacity reached 127 gigawatts and its renewable energy installed capacity reached 80,000 megawatts, Şatıroğlu noted that a 5-gigawatt investment is projected in the Offshore Wind Project by 2035.

Emphasizing that approximately $80 billion in infrastructure investments will be made by 2035 to securely transport growing energy, Şatıroğlu announced that the introduction of high-voltage direct current transmission lines to the country for the first time is targeted. Conveying that the current energy storage capacity has reached 495 megawatts, Şatıroğlu expressed that they expect this capacity to rise to several thousand megawatts in the coming years with the Super Permitting Law. He also drew attention to the importance of protecting digital infrastructures and taking precautions against cyberattacks.

Speaking at the conference, Electricity Generation Company (EÜAŞ) General Manager and TESAB Chairman of the Board Zafer Benli touched upon the importance of the 35 percent electrification rate targeted for 2035. Ankara Social Sciences University Vice Rector Prof. Dr. Yasin Söyler stated that university-industry collaboration plays a strategic role in terms of innovations and sustainable solutions.