According to data released Thursday, Turkey’s clean energy investments have hit TL 559 billion ($66 billion), with renewables accounting for almost 53% of the country’s total installed power capacity. As of the end of last month, deployed renewable capacity totalled 52,353 megawatts (MW) out of the total capacity of 98,493 MW, according to figures published by the Electricity Transmission Company (TEIA). As per Renewable Energy Investors Association (GÜYAD), the investment value per MW is determined by the source, the area where it is generated, the technology employed, global costs, and incentives.
Considering these factors, hydropower investments totaled $35 billion, with a total installed capacity of 31,441 MW. However, due to serious droughts that have dried out rivers and reservoirs, hydroelectric output has dropped dramatically. Investments in the wind industry, which produces 10,014 MW and is the country’s second-largest source of clean energy, are estimated to have totalled over $13 billion.
Last week, the Energy and Natural Resources Ministry stated that wind power capacity in the country surpassed 10,000 MW in August, making it one of the top ten countries in the world with the most wind power, and fifth in the Europe region with more than 10,000 MW. Having 7,435 MW of implemented capacity, solar power generated roughly $10 billion in investment.
Turkey’s geothermal capacity increased to 1,650 MW with a $6 billion investment, while biomass power plant capacity increased to 1,813 MW with a $2 billion investment. Hydropower accounted for 32 percent of total installed electricity capacity at the end of August, with wind accounting for 10.2 percent, solar accounting for 7.5 percent, and geothermal and biomass accounting for 1.7 percent and 1.8 percent, respectively.
Due to the country’s drought, the share of the renewables in power generation remained comparatively low at 37.7% from January to August this year. During this time, natural gas replaced the decreasing production of hydroelectric plants. During the January-August period, renewables produced roughly 83.5 billion kilowatt-hours (kWh) of power out of the total output of 221.6 billion (kWh).
The wind is the fastest-growing renewable energy source
This year, Turkey installed 2,602 MW of renewable capacity, accounting for nearly all of the expansion. With 1,182 MW of new capacity added between January and August, the wind was first, followed by solar with 768 MW, hydropower with 457 MW, biomass with 328 MW, and geothermal with 37 MW. Turkey plans to add 1,000 megawatts of solar and 1,000 megawatts of wind power each year.
Renewable energy capacity
The Aegean and Marmara areas of Turkey are home to the majority of wind power projects. With 1,715 MW of wind capacity, Izmir, an Aegean province, came in first, followed by Anakkale and Balkesir, with 899 MW and 1,296 respectively. Southeastern province of Anlurfa possessed the most hydroelectric capacity, at 3,128 MW. Elaz came in second with 2,445 MW, followed by Diyarbakr with 2,251 MW.