Türkiye’s economy and population have been growing rapidly, leading to an increase in the demand for energy and natural resources. In an effort to increase liberalization and competition in the energy market, the government has handed over the majority of power generation assets to the private sector. The country has seen significant growth in primary energy supply and installed capacity for electricity generation and new investments in power generation, transmission, and distribution assets, with further investments planned to meet the country’s increasing needs.
Although Türkiye is a net energy importer, the government has also been implementing new policies, investment models, incentives and subsidies to utilize the country’s substantial renewable (hydro, wind, solar) energy potential with abundant hydroelectric resources, strong winds in certain regions, and ample sunlight throughout much of the country. As of end-2020, these renewable energy sources accounted for the majority of the country’s installed capacity. Türkiye also possesses significant coal reserves, and its natural gas sector has been steadily improving.
The Turkish energy market is highly regulated and highly competitive, with many local players already established in the market. By working with a reputable consultancy firm and leveraging the expertise of local partners, foreign investors who can offer unique value can successfully navigate the challenges of the Turkish energy market and develop successful energy projects in the country.
At Turkinvest, we have a strong understanding of Turkish energy markets’ regulatory environment and the political and economic climate that can help you with making informed investment decisions and mitigating your risks, as well as a strong network that can assist you in establishing new business relationships with local partners including in areas such as manufacturing, logistics, and distribution. We can also provide you with ongoing support in the Turkish energy markets, including project management, contract management, compliance with regulations, as well as dispute resolution through our leading solution partners.
If you are interested in exploring opportunities in Turkey’s rapidly growing energy sector, do not hesitate to contact us. We would be happy to discuss your specific needs and provide you with more information about how we can assist you in this dynamic market.