#Us smart grid investment by type generator

In addition, a nuclear power plant is currently being built by Russian company Rosatom at a capacity of 4.6 GW (1.2 GW X 4 units). The market’s hydroelectric capacity will increase to 11% while NG will see a 38% increase. Türkiye’s share of renewable energy will increase to 64.7% with solar power capacity increasing 432% and wind capacity increasing 158%. Türkiye currently has approximately 31.6 GW of hydroelectric, 25.75 GW of natural gas (NG), 21.3 GW of coal, 11.45 GW of wind, 9.93 GW of solar, 1.7 GW of geothermal, and approximately 2 GW of biomass power plant installed capacity.Īccording to Türkiye’s 2020–2035 National Energy Plan, Türkiye’s power generation capacity will reach 189.7 GW in 2035 (a 79% increase from 2023).

#Us smart grid investment by type generator

Approximately 56% of Türkiye’s electric power generation capacity consist of renewable energy, including hydroelectric, wind, solar, geothermal, and biomass power plants, making Türkiye the fifth-largest generator of renewable energy in Europe and the 11th largest in the world. Türkiye, with an electric power generation capacity of approximately 105 GW, is Europe’s sixth-largest electricity market and the 14th largest in the world. Source: Ministry of Energy and Natural Resources, State Institute of Statistics. Total market size = (total local production + imports) - exports) Units: $ millions Economic Development Organizations (EDO)Įlectric Power Sector Table: Electric Power Sector Market Size.Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.