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Turkey: $5 billion investment in wind and solar energy

Energy Market Regulatory Authority (EMRA) President Mustafa Yilmaz stated that they have completed the new capacity allocation process of 2,787 megawatts in the field of wind and solar energy, and said, “We will jointly implement a renewable energy investment of $5 billion in 1.5-2 years at the latest.” In the statement made by EMRA, it was stated that after the revision of the connection capacities announced within the scope of YEKA RES-3 and YEKA GES-5, the capacity of 2 thousand 787 megawatts was reported to EMRA. The statement stated:

“A total of 1,322.82 megawatts of capacity has been allocated for applications for conversion requests to multi-source electricity generation facilities, and a total of 680.13 megawatts for applications to be made from the transmission level to engage in unlicensed electricity generation activities within the scope of the Regulation on Unlicensed Electricity Generation in the Electricity Market. A total of 784.75 megawatts of capacity has been allocated for the electrical installed power increase requests to be made for the facilities whose main source is wind or solar energy.”

EMRA Chairman Mustafa Yilmaz stated that they have completed the new capacity allocation process of 2,787 megawatts in wind and solar, “We will jointly implement a renewable energy investment of $5 billion in 1.5-2 years at the latest.”

INVESTORS DON’T REGRET

Explaining that the importance of domestic and renewable energy sources is increasing day by day, Yilmaz said, “Whoever invests in domestic and renewable energy in Turkey will never regret it.”

Source: Sabah / Translated by Irem Yildiz

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