4/19/2021

Wind Energy Investments Rise in Turkey

​​With USD 1.2 billion investments, Turkey ranked 5th among the European countries that invested most in wind energy in 2020, WindEurope's "Financing and Investment Trends in the European Wind Industry in 2020" report unveiled.

Despite the devastating effects of the novel coronavirus pandemic, Europe spent EUR 42.8 billion in new wind energy plants in 2020, the second-highest annual sum so far, the report figured. Offshore wind farm investments reached a new high of EUR 26.3 billion, financing 7.1 GW of new offshore capacity.

Turkey also ranked fourth in terrestrial wind energy investments according to the report.

In the meantime, Turkey's Minister of Energy and Natural Resources Fatih Dönmez said in the first quarter of 2021, Turkey added 1,233 MW to its total capacity of which 1,207 MW sourced by renewable energy, having 97.9 percent share in total.  ​

wind energy; energy; WindEurope