Istanbul’s energy paradox: shortages but no embrace of PV
Turkey’s largest city, with a population about 14 million people, could face an acute electricity shortage, confirms the Turkish energy minister. However, paradoxically, Turkey’s energy ministry has not made plans for a solar rollout. Instead, it continues to rely on coal.
EBRD injects funding into Turkey’s renewables
The European Bank for Reconstruction and Development (EBRD) is injecting USD110 million in new funds to Akbank, one of Turkey’s largest banks, to finance private companies investing in renewable energy and energy efficiency projects in Turkey, including solar PV projects.
Turkey’s solar market heats up
A new manufacturing facility and increased activitiy from domestic as well as foreign players is boosting Turkey’s solar sector despite some regulatory obstacles.
Major power blackout hits Turkey
News that Turkey’s economy grew more than expected in Q4 2014 coincided with a major power outage a couple of hours later, indicating the shaky underpinnings of the country’s future development.
Turkey aims for 3 GW of PV by 2023
In 2014, Turkey saved $850 million in energy imports due to the increase in the share of renewable energy.
Turkey hits all time electricity consumption record
Turkey’s electricity consumption scored an all time record last week, highlighting the country’s thirst for new power capacity. Yet renewable power development plods slowly onwards.
Turkey secures $350 million renewable energy loan
While the Turkish government is on track to build its first nuclear power plant and a massive new coal-fired facility, the World Bank sees great “renewable potential” in the country.
