The Turkish government is stepping up efforts to increase the usage of green energy and is planning new legal requirements to help consumers transition to renewable energy sources.
Companies that generate energy from renewable sources, such as wind and solar power, are already eligible for loans, but regulations will be amended this time to include energy users, in accordance with the European Green Deal.
Establishments will be able to obtain loans at favorable terms if they transition to renewable energy to complete this green transformation as part of the fight against climate change.
Regulations aimed at increasing renewable energy availability will allow not only large but also small electricity producers to connect to local grids and sell excess power generated by solar and wind resources.
Turkish officials believe that considerable planning would be required, but that this will not necessitate a major revamp of the electricity system, and that the country's wind and solar power output capacity may be increased sixfold for a minimal additional cost.
In the National Renewable Energy Action Plan prepared by Turkey’s Ministry of Energy and Natural Resources, Turkey proposes its targets for the energy sector in its vision from 2019 to 2023, according to which the government is aiming to increase the total production of renewable energy share by 30% in 2023.
If actual situation goes according to government’s plan, solar and wind energy will account for up to 31% of the country's electricity consumption by 2026. Renewable energy resources might even meet 53% of power consumption demand when combined with other renewables.
Turkey's electricity consumption increased by 12% from 2020 to 327 billion kWh last year, while power generation increased by 12% to 329 billion kWh.