Turkey to cut back on energy imports with renewable energy power generation
Turkey will focus its efforts on local renewable energy projects to cut back on costly energy imports of up to $40 billion/ annually, and geothermal energy projects will play a part in that.
With annual energy imports of around $40 billion in the last 10 years ($400 billion in total), Turkey has been targeting to reduce that import bill by investing more into renewable energy and domestic energy resources, according to Turkey’s Minister for Energy last week. This has been reported by Anadolu Agency.
Energy and Natural Resources Minister of Turkey, Berat Albayrak, speaking at the fifth Turkey Innovation Week in Istanbul, said Turkey will focus more on domestic and renewable energy investments in the future. While focusing on solar energy in his speech and a tender for Turkey’s biggest solar power plant with 1,000 megawatts of installed capacity in Karapinar in the Central Anatolian Konya province, geothermal energy has been an important part of the efforts made by Turkey.
With today 775 MW in geothermal power generation capacity, Turkey has been one of the fastest growing geothermal markets in the world and it can be expected that development will continue.
Source: Anadolu Agency