Türkiye plans to invest approximately $300 billion in its energy transition by 2040, with electrification and energy efficiency expected to generate $240 billion in cumulative savings, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said.
“We estimate that approximately $300 billion will be needed for this transition by 2040,” Bayraktar said.
He said achieving Türkiye's energy goals would require substantial investment, strong partnerships, innovative technologies and a predictable investment environment to mobilize the necessary capital.
“Implementation is the key to success. We have set targets, we have given words, but it is now the time to implement those," Bayraktar said.
The minister said Türkiye was determined to contribute to regional and global energy security while strengthening its domestic energy infrastructure.
“As Türkiye, we are determined to play an active role in this transformation, not only by strengthening our own energy infrastructure, but also by contributing to regional and global energy security,” Bayraktar said.
