Renewable energy commercialization

A visible pipeline of 238 renewable projects in Turkey is expected to generate 9.2 gigawatts of capacity and 110,000 new jobs, according to a new report from Ernst & Young prepared with the support of the European Climate Foundation on July 7.

Renewable energy technologies, their interconnection to the grid as well as the new investment landscape, as it will be formed in the context of the energy transition, will be at the focus of the digital conference entitled: "Energy Solutions Made in Germany - Renewable Energy Sources, Storage and Integration in Network ", organized on Tuesday, June 29, by the Hellenic-German Chamber of Commerc

Turkey's installed power capacity reached almost 100 thousand megawatts, more than half of which comes from renewable energy resources, said Fatih Dönmez, Turkey's Energy and Natural Resources Minister on May 12.

Turkey has been ranked as the fifth-biggest wind power investor in Europe in 2020 with €1.6 billion, according to WindEurope's report on April 13.

The Financing and Investment Trends in the European Wind Industry in 2020 report said that investments in offshore wind farms hit a record €26.3 billion, while investments in new onshore wind farms reached €16.5 billion.

In the wake of the Japanese nuclear accident, Germany had swiftly announced that it would shutter all of its nuclear power plants by 2022. Its recent announcement suggests Berlin now plans to use its considerable weight to push others to follow suit.

Turkey's electricity generation from solar power plants soared by 50 percent, the country's energy and natural resources minister said on March 23, citing data from February 2020.

The Energy Ministry is considering bringing forward the option for big electricity consumers to reach power purchase agreements (PPA) with renewable energy source producers as a solution to the major problem of the high cost of energy for industries.

Turkish banks could receive up to $3 billion in renewable energy financing to support the continuation of clean energy capacity in the country, Director at Garanti BBVA Investment Banking and Finance, Emre Hatem, told Anadolu Agency in a recent interview.

Mytilineos on Monday announced the acquisition of a 50-megawatt solar energy project in Spain (the Jaén photovoltaic project) from Viridi RE.

The project is located in the Municipality of Jaén (Andalusia), an area with significant sunshine in southeastern Spain.

It is ready for construction, which is planned for the first quarter of 2021.

Investors in renewable energy sources are facing fresh obstacles at a time when the government is setting the development of the sector as a priority, with the Energy Ministry shifting its target regarding the share of RES in total energy production in 2030 from 31 percent, as provided for in the National Plan for Energy and the Climate, to 35 percent in the revised blueprint.