Turkey announces $500 billion energy investment target for 2040
Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar announced a plan targeting $500 billion in energy infrastructure investment by 2040. The plan aims to meet all petroleum and natural gas consumption from domestic resources and quadruple installed wind and solar capacity to 175 gigawatts. Bayraktar said Turkey also seeks to raise renewables to 77% of installed electricity-generation capacity and build 10 gigawatts of nuclear capacity.