Turkey’s Bayraktar on Financing Energy Transition

🇹🇷 Bloomberg (TR) —

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Turkey aims to raise its electrification rate to 36% by 2040 to reduce an energy import bill that can reach $100 billion annually. Energy Minister Alparslan Bayraktar said renewables, nuclear power, and multilateral financing are central to improving energy independence and the current account.

Turkish Energy Minister Alparslan Bayraktar said Turkey is targeting a 36% electrification rate by 2040 as it seeks to curb an annual energy import bill of up to $100 billion. Speaking to BTV on the sidelines of COP31 on Tuesday, he said scaling up renewables and nuclear power, alongside multilateral financing, will be critical to narrowing current account deficit and strengthening energy independence. (Source: Bloomberg)

World Politics Markets Energy Turkey electrification renewables nuclear power energy imports energy independence COP31

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