While Turkey’s solar energy capacity exceeds 10 thousand megawatts, solar power plants in 35 provinces with a capacity of over 100 megawatts provide energy to 78 cities. According to the data of the Turkish Electricity Corporation (TEİAŞ), Turkey’s installed electricity capacity reached 104 thousand 600 megawatts and solar energy installed power reached 10 thousand
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technology
May 22, 2023
Turkish-based StartersHub plans to invest in startups
Turkey-based early stage technology investment fund StartersHub is preparing to invest in new companies. Having completed 2022 with 7 investments, including 3 successful projects (Paymes, PulpoAR and Tridi) and fund size of 18.1 million dollars, StartersHub plans to invest in 10 companies this year. Arda Aşkın, Managing Director of Startershub, made a statement and said,
May 14, 2023
Turkey’s solar energy power installed approaches to 10.000 MW
As of the end of March, Turkey’s solar energy consists of power plants with a capacity of close to 10 thousand MW spread over 78 cities, while there are solar power plants with a capacity of over 100 MW in 35 provinces. As of the enAccording to the data of the Ministry of Energy
April 23, 2023
Sabancı Ventures Invests in Green Hydrogen
Sabancı Ventures, Sabancı Holding’s Corporate Venture Capital Fund, invested $800,000 in hydrogen equipment manufacturer SunGreenH2, which was established in 2020. The initiative aims to expand the mass production of green hydrogen on a global scale. Green hydrogen, which has zero carbon emissions, can be used in many different areas from mobility to industry and
April 14, 2023
$70 million investment in solar plants in Turkey
Solarex Istanbul Solar Energy and Technologies Fair, which opened its doors on April 6 at the Istanbul Expo Center (IFM), was flooded with domestic and foreign visitors. The fair, where state-of-the-art products are showcased in the international arena and which aims to sign agreements worth millions of dollars, ends today. In Turkey, which has
April 4, 2023
1 billion lira investment in Turkey from the European giant Prinzhon Holding
Hamburger Containerboard, a subsidiary of Austrian Prinzhon Holding, one of the largest packaging companies in Europe, has decided to invest 300 million Euros in Kütahya. The signing ceremony for the location allocation of the paper mill, which is aimed to start operating in Kütahya 2nd Organized Industrial Zone (OIZ) in 2020 and to provide direct
January 30, 2023
EBRD investments in Turkey reached 1,63 billion Euros in 2022
More than half of the European Bank for Reconstruction and Development’s (EBRD) investments in Turkey last year consisted of projects supporting green transformation. Turkey became the country in which the European Bank for Reconstruction and Development (EBRD) invested the most on an annual basis with 1.63 billion euros in 2022. The EBRD has announced details
January 16, 2023
10 ‘economic steps’ in seven months in Turkey
Before the presidential and general elections, which are expected to be held in June 2023, the government aims to influence the electorate with its successive moves. Since May, 10 economic steps, described as the “election economy”, have been taken. Low interest loan for first time home buyers After the exorbitant increases in house prices, President
January 9, 2023
Turkey will increase wind power capacity up to 30 gigawatts in 2030s
The Turkish National Energy Plan, which was prepared on the basis of the Ministry of Energy and Natural Resources’ target of achieving net zero emissions by 2053, and which includes the steps to be taken until 2035, has been published. According to the information compiled by the AA correspondent from the plan, 96.6 gigawatts of
December 23, 2022
Turkey’s First Wave Power Plant to be Established in Ordu
According to the protocol signed, a wave energy facility of up to 77 megawatts (MW) will be established in Ordu. Estimated $150 million power plant, Turkey’s first grid-connected wave power plant, and the world’s largest wave power plant While he was the Minister of Energy and Natural Resources, Ordu Metropolitan Municipality Mayor Dr. Mehmet Hilmi
December 13, 2022
Tourism professionals expect a record in the number of tourists and income in 2023
TÜRSAB Chairman of the Board of Directors Firuz Bağlıkaya said that in the 100th anniversary of the establishment of the Republic of Turkey, the highest number of tourists and the highest income in history will be reached. Baglikaya stated that TÜRSAB, which is celebrating its 50th anniversary this year, is in the position of Turkey’s
December 5, 2022
The CBRT has made open banking transactions available in Turkey via its website
Open Banking (Open Banking) is a system based on application programming interface (API) and aims to share financial information necessary for the development of financial products and services. Unlike traditional central management of financial data, it relies on a technological network of different financial institutions, enabling them to exchange information more efficiently. In other words,
November 22, 2022
New R&D center investment from Daikin in Turkey
Daikin announced that the necessary work for the new R&D center building, whose investment cost was determined as 3.5 million euros, has been completed and that the construction of the center will begin in April 2023. According to the Daikin statement, Daikin, which steers the air conditioning market, which is growing and diversifying day by
November 11, 2022
Green destination model has been completed in Turkey
The Sustainable Energy Based Tourism Application Center (SENTRUM) project, which was implemented for the first time in the Ayvalık district of Balikesir to create a “green destination model”, was completed. Within the scope of the SENTRUM project, which is the first example of the “green destination model” with energy efficiency, renewable energy and sustainable tourism