12/6/2024

Türkiye: Nexus of Renewable Energy Investments

​​Investment Office hosted an exclusive event as part of its four-country roadshow focused on renewable energy opportunities in Türkiye. Marking the second leg of the roadshow, the event took place at the Turkish Embassy in Berlin.

The meeting, centered on Türkiye's rapidly growing renewable energy market under the theme “Renewable Growth for European Partners" was attended by Turkish and German public officials, as well as representatives from various international energy companies.

In his speech, Türkiye's Ambassador to Berlin Ahmet Başar Şen emphasized that Türkiye and Germany have always maintained strong political and economic ties, and that geopolitical developments worldwide have further strengthened this relationship. "Sustainability, clean energy, and climate responsibility pressures are greater than ever. This transformation not only presents challenges but also creates tremendous opportunities. Türkiye is strategically positioned to be a key player in this transformation," Şen stated.

Investment Office Vice President Zeynel Kılınç also spoke at the event, noting that Türkiye's gross domestic product stands at approximately USD 1.1 trillion and that the country is the third-largest electricity consumer in Europe, with a population of 85 million. Kılınç highlighted that Türkiye is home to the sixth-largest renewable energy market in Europe and that the country's unlicensed electricity generation practice in renewable energy offers significant opportunities for investors to support the green transformation. He also added that renewable energy licenses in Türkiye are granted without a tender process to companies that commit to integrating batteries into renewable energy power plants. Additionally, investments in the renewable energy ecosystem are supported through incentives aimed at boosting high-tech investments in the country.

Kılınç further emphasized the success of joint energy projects between Germany and Türkiye, inviting German companies to seize the renewable energy opportunities available in Türkiye.​

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Türkiye; NexusoftheWorld; renewables; energy; roadshow