Turkey's 2023 Energy Strategies and Investment Opportunities

In Turkey current energy generations are not sufficient for the existing energy needs and besides energy demand is expected to increase by 4–6 per cent annually until 2023. Therefore the government aims to increase the ratio of renewable energy resources (RES) in total installed capacity to 30 per cent by 2023. By this date total energy investments are expected to be approximately $110 billion. Turkey is the fastest growing energy market among OECD countries. Therefore Turkey is an attractive market for energy companies and investors. The study emphasizes the importance of energy generation from renewable and sustainable sources and is concerned with improving the position of the country. The government offers many purchasing guarantees and high incentives. The most suitable energy sources are presented according to the geography and energy potential of the regions. The book informs energy firms and everyone related to RES about Turkey’s RES opportunities.