Energy
October 10, 2024
Border
Less than
1
min read

Türkiye Plans Major Renewable Energy Auctions Starting in 2025

Türkiye is preparing to launch major renewable energy auctions in 2025, with plans to offer at least 2,000 megawatts (MW) of new capacity annually until 2035. These auctions, part of Türkiye's push to boost investment in renewable energy, will focus on wind and solar projects, addressing grid capacity issues and unused project licenses.
Türkiye Plans Major Renewable Energy Auctions Starting in 2025
Gustavo Quepon - Unsplash

Türkiye is set to reignite its renewable energy ambitions by resuming energy auctions starting in 2025. The Energy and Natural Resources Ministry plans to offer at least 2,000 MW of new renewable energy capacity each year until 2035, according to a report by Bloomberg News. These auctions will focus on specially designated renewable energy zones, known as YEKA (Yenilenebilir Enerji Kaynak Alanları), which are aimed at attracting investment in large-scale solar and wind projects.

This renewed focus on auctions comes as part of Türkiye’s broader strategy to increase its renewable energy capacity. Under the country's 2022-2035 National Energy Plan, Türkiye aims to add about 5 gigawatts (GW) of renewable energy annually, with a target of 3.1 GW from solar power and 1.4 GW from wind energy each year.

The Ministry is also reportedly addressing the issue of unused licenses, where companies holding permits for wind and solar projects have yet to start construction.

As Türkiye positions itself as a regional leader in renewable energy, these auctions are expected to accelerate the country's transition to cleaner energy sources. The government's commitment to offering consistent new capacity each year could attract substantial investment and help Türkiye meet its long-term energy goals, particularly as global demand for renewable energy continues to grow.

With major solar and wind energy projects planned, including the Kalyon Karapınar Solar Power Plant in Konya, Türkiye is already making strides in expanding its renewable energy portfolio.

Close Icon