Türkiye has recently granted 12 pre-licenses for the development of solar and wind-based electricity storage facilities. These pre-licenses have a total capacity of 744 MW, and an initial investment of $1.5 billion, which marks a significant investment in the country’s renewable energy sector. The move is part of a groundbreaking development in the country’s electricity storage regulation and is expected to contribute to the development of domestic battery technologies and create employment opportunities.
According to reports, Türkiye has received a record number of 4,369 applications for electricity storage facilities, with a total installed power capacity of approximately 221,000 MW. Wind energy-based storage electricity accounts for 113,500 MW, while solar energy is 107,500 MW. The high volume of applications may increase the final investment figure up to $40-$45 billion, which indicates the significant interest of investors in the renewable energy sector in Türkiye.
The new regulation on electricity storage facilities is aimed at promoting the use of renewable energy sources, and the country is committed to adding at least 1,000 MW of wind and solar energy capacity each in 2023. Türkiye is also expected to achieve a 64% growth in its renewable energy capacity to 90 GW in the next five years, making it one of the largest renewable markets in the world.
The pre-licenses granted for the development of electricity storage facilities will help in balancing the supply and demand of energy, reducing the country’s dependence on fossil fuels, and enhancing the stability of the national power grid. The facilities will also enable the integration of renewable energy sources into the grid, as they can store the energy produced during peak hours and release it during low demand periods.
Türkiye’s renewable energy sector has witnessed significant growth in recent years, and renewable sources now account for over half of the country’s total installed power capacity. Wind energy has been a particular focus of the country, and in 2021, Türkiye achieved a record-high annual increase in wind energy with approximately 1,750 MW.
The growth of the renewable energy sector in Türkiye has been driven by a combination of favorable government policies, attractive investment incentives, and the country’s abundant renewable energy resources. Türkiye ranks fourth in Europe and among the top ten renewable markets in the world, and the government is committed to accelerating the growth of the sector to achieve its renewable energy targets.
In conclusion, the investment of $1.5 billion in renewable-based storage projects is a significant step towards promoting the use of renewable energy sources in Türkiye. The pre-licenses granted for the development of solar and wind-based electricity storage facilities will help in balancing the supply and demand of energy, reduce the country’s dependence on fossil fuels, and enhance the stability of the national power grid. The new regulation on electricity storage facilities is a groundbreaking development in the renewable energy sector, and Türkiye is poised to become one of the largest renewable energy markets in the world in the coming years.
Jonas Muthoni is an entrepreneur and renewable energy expert. He is the founder of MicroGridMedia.com, a website dedicated to bringing the latest news and information about solar energy and other renewable energy sources to the public. Jonas is passionate about promoting sustainable energy solutions and educating the public about the benefits of renewable energy. He is a regular speaker at industry events and conferences and is committed to driving the transition to a cleaner and more sustainable energy future.