Turkey allocates 108 billion dollars to renewable energy
Turkey has announced an investment of 108 billion dollars in solar and wind energy, as it aims to achieve a combined renewable energy capacity of 120 gigawatts by 2035. These investments are part of its plan to increase the contribution of renewable energy to the national energy mix, where renewables currently account for about 22% of electricity production, with the goal of covering 35% of its final energy needs through electricity by 2035. The country is also working to enhance its capabilities in domestic and international oil and gas production, continuing to build more wind and solar power plants despite global challenges in the energy market, such as rising oil and gas prices and reduced energy subsidies in some countries. Turkey's goal is to decrease its reliance on imports and ensure energy security, supporting its strategy to become an regional hub for gas in Europe.
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