Türkiye unveils renewable energy strategy to London investors

Türkiye presented its plans for expanding renewable energy capacity and transitioning to clean energy by 2035 to investors during a meeting in London.

The event marked the launch of the Presidential Investment Office’s special tour, which will make stops in the UK, France, the Netherlands, and Germany to highlight opportunities in Türkiye’s renewable energy sector.

At the meeting, Türkiye detailed its renewable energy targets, clean energy strategies, and investor incentives, including tariff models.

Türkiye’s ambassador to the UK, Osman Koray Ertas, addressed the growing global challenges posed by climate change and emphasized that Türkiye is responding with comprehensive transformation plans, firmly committed to supporting green energy investments.

Zeynel Kilinc, vice president of the Investment Office, described the London session as the first step in the tour and recognized the UK as a significant player in the renewable energy industry. He outlined Türkiye’s investment opportunities, renewable energy goals, and upcoming resource area competitions, reaffirming that Türkiye’s investment climate remains favorable.

Kilinc also reiterated Türkiye’s commitment to reaching its 2053 net-zero emissions target, with clean energy transformation as a core focus.

Energy and Natural Resources Minister Alparslan Bayraktar shared Türkiye’s long-term energy strategy, which focuses on five key areas: increasing renewable energy capacity, improving energy efficiency, expanding nuclear power, adopting new technologies such as hydrogen and battery storage, and investing in critical minerals and rare earth elements.

By 2035, Bayraktar noted, Türkiye aims to increase its combined wind and solar energy capacity from 30 gigawatts to 120 gigawatts. Achieving these ambitious targets will require at least $80 billion in investments.