The Southeast Europe Energy Handbook 2019

1. INTRODUCTION TO THE ENERGY MARKET

Due to its remarkable economic growth over the past decade, Turkey's demand for energy has considerably increased. In order to meet this growing demand, Turkey's energy policy for the next ten years includes the following targets:

1. increasing total installed power to 120,000 MW;
2. increasing the share of renewable energy sources to 30 per cent;
3. establishing an energy stock exchange with a diversified product range;
4. commissioning at least two nuclear power plants;
5. minimising its petroleum and gas import costs;
6. maximising the use of hydropower;
7. increasing wind-power installed capacity to 20,000 MW;
8. installing power plants with 1,000 MW of geothermal and 5,000 MW of solar energy;