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MTV Lebanon
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2026-11-05T19:23:16.000Z

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Turkey $500B Energy Plan

Turkey $500B Energy Plan

Turkey has announced a strategy to invest $500 billion in the energy sector through 2040, with more than $330 billion allocated to developing the electricity grid. The plan aims to strengthen security of supply and reduce dependence on energy imports and emissions. It targets an increase in installed electricity capacity from 123 to 281 gigawatts and a rise in renewables’ share to 77%, with wind and solar capacity reaching 175 gigawatts and nuclear power capacity reaching 10 gigawatts. The plan also projects reducing energy demand to 199 million tonnes of oil equivalent and generating savings of around $240 billion for the Turkish economy.

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