Commercial energy storage project financing options in Turkey 2025

Where does Türkiye invest in energy storage?

Global energy storage investments have surpassed 150 GWh. Türkiye has already begun installations in Hungary, Bulgaria, and Spain, leveraging its geographic advantage close to Europe. Tokcan highlighted the importance of local expertise in manufacturing, system management, and maintenance to avoid dependency on foreign firms.

How much power will Türkiye have in 2035?

According to Türkiye’s 2020–2035 National Energy Plan, Türkiye’s power generation capacity will reach 189.7 GW in 2035 (a 79% increase from 2023). Türkiye’s share of renewable energy will increase to 64.7% with solar power capacity increasing 432% and wind capacity increasing 158%.

How big is Türkiye's energy storage capacity?

Türkiye’s 35 GWh storage capacity accounts for grid-scale projects alone. Global energy storage investments have surpassed 150 GWh. Türkiye has already begun installations in Hungary, Bulgaria, and Spain, leveraging its geographic advantage close to Europe.

How can Türkiye reduce its reliance on imported energy?

As a net energy importer, Türkiye is keen to reduce its reliance on imported energy by increasing its use of renewable sources. By 2035, the aim is to increase the amount of renewable energy to 64.7% of the total energy capacity in Türkiye.

What are Yeka Investment tenders?

The YEKA (Yenilenebilir Enerji Kaynak Alanları, or Renewable Energy Resource Areas) investment tenders have been a significant driver of large-scale renewable energy projects in Türkiye.

Do you need a license for solar energy in Turkey?

Turkish regulations stipulate that renewable energy investments of less than 5 MW do not require a license from the Energy Regulatory Authority (EMRA). Roof-top solar energy producers can sell their excess electricity to the grid at a maximum limit of 5 MW if they are production plant owners, and 10 kW if they are homeowners.