Turkey’s $20 Billion Investment in Clean Energy
Speaking at the opening ceremony of the 2026–2027 academic year at Ankara University, Alp Arslan Bayraktar said that meeting growing energy demand, reducing dependence on foreign resources, and achieving climate goals are the three main priorities of Turkey’s energy policy.
Emphasizing the importance of solar, wind, hydroelectric, and geothermal energy, he stated that Turkey intends to allocate about $20 billion to energy efficiency investments between 2024 and 2030.
Turkey’s energy minister, referring to the impact of global crises on the energy market, emphasized the need to strengthen supply security and reduce economic vulnerability caused by energy imports.
Bayraktar also announced plans to increase domestic oil and gas production and said that about 4 million households in Turkey use domestically produced natural gas.
According to him, Turkey plans to double natural gas production in the Black Sea from 2027 by launching the “Osman Gazi” floating production platform.
He also mentioned the production of about 85,000 barrels of oil per day in the Gabar region of Şırnak province, the continuation of oil exploration activities in Somali waters, and plans to develop nuclear energy and extract strategic minerals, describing these steps as being in line with reducing foreign dependence and strengthening the country’s energy security.
