Renewable Energy Project Finance In Türkiye

Introduction

Türkiye’s renewable energy sector has entered a new and remarkably dynamic phase. The country’s ambition to more than double its wind capacity and quadruple its solar capacity by 2035, combined with a net zero target for 2053, has created an environment in which project finance transactions are becoming larger, more complex, and more demanding in terms of legal structuring. As of 2025, Türkiye ranks among the top five European countries in installed renewable capacity and continues to attract significant attention from both international development finance institutions and commercial lenders.

At the same time, the regulatory landscape has undergone substantial transformation. The amendments introduced in the last quarter of 2025, the enactment of Law No. 7554 (commonly referred to as the “Super Permit” legislation) in July 2025, and the continued evolution of EMRA’s licensing framework have fundamentally reshaped the way renewable energy projects are developed,