1.9 Billion Dollar Investment in Wind and Solar Energy

Minister of Energy and Natural Resources Alparslan Bayraktar announced that the tenders held for 18 separate sites for wind and solar energy have been completed. As a result of the tenders, a total capacity of 2,285 megawatts was allocated. Bayraktar stated that with this capacity allocation, a total investment of 1.9 billion dollars is expected in the sector. It was expressed that the investment is aimed at increasing renewable energy capacity. The Minister noted that with the commissioning of the new capacity, annual natural gas imports of 1 billion 220 million cubic meters will be prevented. This development is considered an important step in terms of energy supply security and reducing foreign dependency. It was stated that the tenders cover 18 separate sites and are for wind and solar energy technologies. Following the capacity allocation, investment processes are expected to begin in the coming period. Not investment advice.