Türkiye’s Wind Energy Market: Current Status and Opportunities
- Total Installed Capacity:
As of 2024, Türkiye’s installed wind energy capacity exceeds 12.3 GW, contributing significantly to the country’s renewable energy portfolio. Wind energy accounts for a substantial share of Türkiye’s overall renewable energy capacity, which is 59% of the total electricity mix. - Number of Wind Turbines:
Over 4,075 wind turbines are operational in Türkiye, highlighting the extensive development of onshore wind farms across the high-potential regions like the Aegean and Marmara regions.
- Installations in the Last Five Years:
Türkiye added approximately 1 GW annually over the last five years, maintaining consistent growth in wind energy infrastructure. The country achieved this through government-backed incentives, particularly under the YEKDEM feed-in tariff scheme. - Future Installable Capacity:
- Türkiye has set ambitious targets for wind energy, aiming for 29.6 GW of combined onshore and offshore wind capacity by 2035, with 5 GW allocated to offshore wind. The Marmara, Aegean, and Black Sea regions are identified as key zones for future offshore wind installations.
- The Black Sea region alone has 13.9 GW potential for floating installations and 1.3 GW for fixed installations. The Marmara Sea offers an additional 19.2 GW floating and 2.8 GW fixed potential.
- Investment Opportunities:
- The government anticipates an $80 billion investment in renewable energy by 2035, with a significant portion directed toward wind energy. The Renewable Energy Designated Areas (YEKA) initiative streamlines land access and fast-tracks approvals.
- Offshore wind development, set to begin technical studies in 2024, presents new opportunities for investors in areas like Bandırma, Karabiga, and Bozcaada.
- Locally manufactured equipment and technology development are emphasized, supported by financial incentives for domestic production.
- Policy and Support Mechanisms:
- The YEKDEM feed-in tariff offers guarantees for renewable energy plants operational until 2025. Additionally, local manufacturing incentives aim to attract both domestic and foreign investors.
- Efforts to reduce permit processing times from 48 months to 2 years will accelerate project realization, enhancing investment feasibility.
Source:
