Turkey achieved the highest annual capacity increase in its history, with approximately 1.750 megawatts in wind energy last year. The capacity of approximately 1.750 megawatts in wind energy, which was commissioned last year, was recorded as the highest capacity commissioned on an annual basis in Turkey. With this increase, Turkey’s total wind energy installed power
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January 12, 2022
December 30, 2021
Turkey, to export green hydrogen in 2050
SHURA Energy Transition Center predicts that Turkey has the potential to produce 3.4 million tons of green hydrogen annually in 2050. The “Technical and Economic Evaluation of Turkey’s Green Hydrogen Production and Export Potential” report, prepared by SHURA Energy Transition Center in cooperation with Bilkent Energy Policy Research Center and German Energy Agency (dena), has
December 20, 2021
Turkey ranks 5th in Europe in renewable energy installed power
Minister of Energy and Natural Resources Fatih Dönmez, in his speech on the 2022 budget, announced that the share of domestic and renewable energy sources in electricity generation has increased significantly. Fatih Dönmez said that 74.2 percent of the 24,718 MW installed power that has been commissioned since 2017, and almost all of the power
December 10, 2021
Turkish Banks will provide $2.5 billion in financing to clean energy this year
The financing to be provided will be 55 percent solar energy, 25 percent wind energy, 15 percent geothermal energy and the rest will be investments in biomass and bio-gas power plants. Investment Banking and Finance Director of Garanti BBVA , Emre Hatem, said that the financing provided by banks to the renewable energy sector this
November 30, 2021
Turkey’s energy giant Tüpraş aims to carbon neutrality by 2050
Tüpraş, the only producer of Turkey in the refining sector, was established in 1983. It has an annual crude oil processing capacity of 28.1 million tons with its 4 refineries in Kocaeli, İzmir, Kırıkkale and Batman. Tüpraş, the 7th largest refinery company in Europe, is among the Mediterranean’s highest complexity refineries with an average Nelson
September 19, 2021
TURKISH STARTUPS ARE ATTRACTING INVESTORS
The global macroeconomic situation is recovering with COVID-19 vaccinations, according to the Turkey Startup Investments Report prepared by KPMG Turkey and 212. The rising trend of the Turkish startup ecosystem continues with 57 transactions and a record investment volume of $727 million realized in the second quarter of the year. The entrepreneurship ecosystem in Turkey
September 19, 2021
TURKEYS READY TO WEAR INDUSTRY IS RISING FAST
Turkey’s textile and ready-to-wear exports, which have become a world-leading, playmaker and trend-setting country in the world, are moving in a positive direction. Despite the pandemic and difficulties in supplying raw materials, the increase in ready-made clothing exports in the first half of 2021 is a promising development for the future. The textile and raw
September 19, 2021
RENEWABLE ENERGY NEWS FROM TURKEY AND SPAIN
According to the information compiled from the data of Turkish Electricity Transmission AŞ (TEİAŞ), Turkey’s installed power of electricity has risen to the level of 98,800 megawatts. Clean energy sources, which have an important place in Turkey’s electricity generation portfolio to combat climate change and reduce the current account deficit, accounted for 51,900 megawatts of
September 19, 2021
WILDFIRES IN TURKEY
The fires that started in Manavgat, Antalya on July 28 in Turkey, and then broke out in at least 30 different cities, have been going on for days at some points. The number of people who lost their lives in the fires rose to 8. Thousands of animals perished, forest and agricultural lands and greenhouse
September 19, 2021
SUSTAINABILITY IN TURKISH TEXTILE SECTOR
It is an undeniable fact that the COVID-19 pandemic has reduced the pace of studies on environmental sustainability. Prior to the pandemic, the primary objectives determined by companies – such as sustainable production, cyclicity and getting away from petrochemical products – seem to be put in the background for the moment. Before the pandemic in
September 19, 2021
TURKISH IRON STEEL SALES INCREASE IN FAR EAST
According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkey’s exports increased by 39.9 percent in the first 6 months of the year compared to the same period of the previous year, from 75 billion 59 million 271 thousand dollars to 104 billion 982 million 69 thousand dollars. In the
September 19, 2021
CAPADOCCIA IS TRENDING TOPIC ALL OVER THE WORLD
Culture and Tourism Minister Mehmet Nuri Ersoy gave information about the ongoing Hollywood productions in Turkey in a program he attended. Minister Ersoy stated that Marvel’s new Ant-Man movie was shot in Cappadocia. Culture and Tourism Minister Mehmet Nuri Ersoy recently visited the set of the movie Five Eyes, starring Jason Statham. Mentioning another Hollywood
September 19, 2021
GIANT MOBILE PHONE PRODUCERS ARE MOVING THEIR FACILITIES TO TURKEY
The rapidly growing consumer electronics industry in the world continues to be of interest to Turkey. After global players from the Far East, another technology giant TCL specialized in mobile devices, preferred Turkey. Joining forces with Arçelik, TCL started smartphone production. Noting that they provide a wide range of incentives and advantages to global brands
September 19, 2021
CANAL ISTANBUL CONSTRUCTION TO START SOON
The “Canal Istanbul Project” was announced first time on April 27, 2011 by then Prime Minister Tayyip Erdoğan, who was the prime minister at the time. It didn’t have a name then, it was described as the ‘Crazy Project’. According to the EIA report, the project passes through the borders of Küçükçekmece, Avcılar, Başakşehir, Arnavutköy