Natural Resources

Some 7,500 megawatts of renewable capacity will be allocated for industrial consumption this year, Energy and Natural Resources Minister Alparslan Bayraktar has announced.

Authorities are at the final stage in concluding technical work on new capacity allocation, the minister told reporters.

Türkiye is ready to cooperate with companies and other countries to help Libya unleash its huge potential in energy, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Libya is important not only for Türkiye but also for global markets, Bayraktar said in a speech he delivered at the Energy and Economy Summit held in Tripoli on the weekend.

Türkiye's public and private sectors will make energy efficiency investments worth a total of $20 billion by 2030, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Türkiye will become one of the five countries in the world producing rare earth elements when the industrial facility in the province of Eskişehir becomes operational, Energy and Natural Resources Minister Alparslan Bayraktar has said.

Türkiye's reliance on imported energy resources declined to 67.8 percent in 2022 from around 70 percent in the previous years, Energy and Natural Resources Minister Alparslan Bayraktar has stated.

With winter in full bloom, questions have once again been raised over the daylight saving time practice in Türkiye, as Energy and Natural Resources Minister Alparslan Bayraktar has said that DST will continue and there will be no transition to winter time.

The Energy Ministry estimates that the efficiency projects to be implemented in public buildings have the potential to generate savings up to 40 billion Turkish Liras between 2024 and 2030, which is equivalent to the cost of building a large dam.

Türkiye aims to increase the share of renewables in electricity generation to 50 percent in the next five years, according to Energy and Natural Resources Minister Alparslan Bayraktar.

The solar and wind power installed capacity will increase 3.5 fold, the minister said.

Turkish Energy and Natural Resources Minister Alparslan Bayraktar has engaged in a telephone conversation with his Israeli counterpart, Israel Katz.

Türkiye is set to initiate three additional drilling operations aimed at bolstering the nation's energy self-sufficiency following significant oil discovery in the southeast region, Energy and Natural Resources Minister Alparslan Bayraktar has unveiled.