The proposal also sets targets of 14.8 GW of wind power, 32.4 GW of hydropower, and 4.9 GW of geothermal power by the end of 2025. The targets would take the share of renewable energy in electricity production to 47.8%. It is expected to reach 45% by the end of this year, up from 42.7% in 2023.
Figures from the Turkish Electricity Transmission Corporation state Turkey currently has 18.8 GW of installed solar, 12.4 GW of wind, 32.2 GW of hydropower, and 1.7 GW of geothermal power.
The budget proposal targets raising the share of domestic resources in electricity production to 58.9% by the end of this year and 59.4% by the end of 2024. It also aims to reduce natural gas use in electricity production from 21.4% in 2023 to 20.7% by the end of 2024 and 18.9% by 2025.
The Ministry of Energy and Natural Resources is expected to receive a budget of TRY 45.3 billion ($1.33 billion) for 2025.
