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World falls short of sustainable energy goals for 2030
- More people have access to power than ever before but 650 million will still be in dark in 2030, study shows
Turkish Akfen starts power generation at Ucpinar plant
- First phase of 112 megawatts wind energy plant with $143 million investment volume comes online
TAP over 87% complete on 3rd construction anniversary
- Trans Adriatic Pipeline plans to deliver 10 billion cubic meters of Shah Deniz-2 gas to Europe in 2020
17.05.2019
Natural Gas
Turkey launches 1st communication drive for cycle lanes
- "Get Turkey Cycling!" campaign funded through European Union aims to promote urban bicycle usage
15.05.2019
General
Global nuclear demand sees growth
- Around $1.5 trillion investment expected by 2035 in nuclear energy, says director general of Word Nuclear Association
Turkish people favor foreign investment in renewables
- Renewable energy resources are the most favorable in terms of direct foreign investment in Turkey, survey reveals
24.04.2019
Renewable
China could support low carbon growth by greening BRI
- By greening Belt and Road Initiative, China could help two-thirds of world’s population in move to low carbon transition
Domestic and renewables add 445 MW in Turkey in 1Q19
- Local coal holds biggest share by generating 57.3% of new capacity
Largest Islamic energy bank to include Turkish projects
- Istanbul can be Islamic financial hub for Europe, Kuala Lumpur for Asia, Doha for MENA, says CEO of Qatar Financial Centre
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Turkish Akfen's first wind plant in Kocalar starts ops.
- Plant to meet power demand of 120,00 consumers per year
Rosatom in search of partners for 49% stake in Akkuyu
- $20 billion Akkuyu Nuclear Power Plant receives license for 1st unit of 4,800-megawatt plant, top company official says
06.03.2019
Nuclear
Turkey to benefit from many gas supplies & best prices
- Some of Turkey's long-term natural gas contracts, which correspond to 16 billion cubic meters, will expire in 2021
Turkey likely to see new big energy investments by 2020
- Banks in Turkey to restructure $7-$8 billion credit of energy companies, Garanti Bank's top official says
Turkey drafts regulation on electricity storage
- Draft regulation sees storage as a market operation and aims a more balanced grid
Turkey to explore metallic minerals in Uzbekistan
- Final agreement for a 700-kilometer square mine site will be soon signed, deputy energy minister says
STAR Refinery to market initial products in January
- Facility will help decrease Turkey's current account deficit by $1.5 billion per year
Turkey could export renewables to its region: IEA Head
- Middle East, Caucasus and Africa are potential export markets for Turkey's renewables sector
Europe agrees on Clean Energy for All Europeans package
- New rules phase out subsidies on generation emitting 550 grams of CO2 emissions per kilowatt-hour or more
PEAKapp, app for end-users to monitor energy savings
- Smartphone and tablet app will allow end-users to become more energy efficient and access cheaper tariffs
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Electric aircraft: key to more economic flights
- Direct operations costs are projected to be as low as 20% compared to that of a combustion engine, says CEO of Ampaire
17.12.2018
Electricity
Turkey at cusp of critical gas supply decision pre 2020s
- 2020s pose significant date for Turkey's gas contracts, expert says
Zorlu's Kizildere 3 geothermal plant leads in efficiency
- Kizildere 3 geothermal plant is 1st combined geothermal plant to use waste steam ensuring highest 18% efficiency worldwide
Russia's LUKOIL forecasts 10-year budget on oil at $50
- LUKOIL opts for 10-year budget based on $50 per barrel of oil out of three scenarios, managing director says
TANAP, TAP p/lines interconnect at Turkey-Greece border
- Trans Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline projects are part of Southern Gas Corridor
21.11.2018
Natural Gas
Kalyon-Turkerler applies for 1,000 MW wind pre-license
- Company will construct 1,000 megawatts of wind capacity in five different regions in Turkey
Turkey gets $200M in finance for efficiency investments
- World Bank finance to be used for public sector investment, energy minister says
Turkey exempted from Iran sanctions: Turkish Minister
- Waivers from oil sanctions against Iran will contribute to regional peace and stability, energy minister says
EBRD completely closes door on coal financing
- We are very clear in our new five-year strategy that we will no longer support coal, says EBRD managing director
Oil trade sanctions for Iran mean 'paralyzed' economy
- Second phase of U.S. sanctions, targeting Iran’s energy sector, is set to go into effect on Nov. 5.
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Dispersed renewables key to Turkey's transit cost cuts
-Better placement of renewable energy plants will ensure reduction in transmission costs: chairman of SHURA think-tank center
16.10.2018
Renewable
Turkey plans new 1,000 MW wind tender by year end
- Tender to be held in four different regions each offering 250 megawatts of capacity
Time for new investment in Turkish energy: SOCAR Turkey
- New partnerships will allow Turkish firms to overcome hardships while availing of investment opportunities: SOCAR Turkey CEO
Solar comprises 60% of Turkey's renewables employment
- Road map forecasts that Turkey's solar installed capacity will reach 14,000 megawatts by 2023 and 38,000 megawatts by 2030
Turkey develops new renewables support scheme: EBRD
- European development bank, EBRD, helps Turkey device future policy for renewable energy support system
Turkey's Akfen receives $363 million loan from 6 banks
- Loan to be used for 9 solar and 4 wind power plants in various Turkish cities with total capacity of 327 megawatts
Turkey needs more market space for renewables growth
- Turkey needs to retire inefficient power plants so renewables can have better market share, senior advisor says
Engie should close, not sell its 3 German coal plants
- IEEFA advises Engie close and not sell off its 3 coal plants in Germany to be more in line with Co.'s low-carbon transition
Turkerler to invest up to $1B. in Manisa's geothermal
- Turkey's Turkerler conglomerate to create 248 megawatts of geothermal energy capacity in Aegean city of Manisa
Fatih Donmez becomes Turkey's new energy minister
- Fatih Donmez is appointed as Turkey's new energy and natural resources minister
09.07.2018
Turkey
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EBRD agrees up to €500M loan for Trans Adriatic P/line
- As final part of Southern Gas Corridor, TAP will deliver 10 billion cubic meters of Caspian gas to Europe
Brent oil trades at $75.37 at week ending June 15
- Production of crude oil rises for 21st time in US during past 22 weeks, EIA data shows
EU increases renewable target to 32% by 2030
- European Commission, European Parliament and European Council reach deal on raising renewable use in Europe
SOCAR Turkey to build 2nd petrochem. facility in Izmir
- New facility to largely focus on Turkish market, Petkim general manager says
Turkey's Zorlu Energy seals $330 million financing
- Loan is from international institutions EBRD, IFC and FMO as well as local banks
TANAP to supply Turkey's cheapest gas: SOCAR Turkey
- Project will deliver first commercial gas to Turkey's national grid on June 30
Southern Gas Corridor officially inaugurated
- First gas recipient of Shah Deniz-2 will be via TANAP on June 30
Turkey, Russia end gas dispute, ink deal on TurkStream
- Agreement grants construction of TurkStream's second line to Europe by joint venture TurkStream Gas Transport company
World Bank approves $600M loan for Salt Lake storage
- Salt Lake storage facility aims to have capacity of 5.4 billion cubic meters by 2023
Turkey's STAR refinery to launch in October
- STAR refinery, constructed by SOCAR Turkey in Izmir, is country's biggest private sector investment
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Turkey holds 46 gigawatts of solar rooftop potential
- Around 1.1 billion square meters of roofs are available for solar panel installation, GUNDER head
Demir Group mulls Chinese solar producer partnership
- Group wants to boost production in Konya plant and investments abroad to $500 million by mid-2019, CEO says
Turkey sets its roadmap for smart grids
- Around 21 billion liras is needed to upgrade electricity meters to smart ones
Offshore wind set to see growth trend globally
- Biggest increase in merger and acquisitions is expected in offshore in coming 12 months, KPMG report shows
LM Wind Power sends 1st blades from Izmir to Australia
- Export represents a milestone in Turkey's export objectives, company says
Turkey to hold 20,000-megawatt wind and solar tenders
- Renewable energy has changed over past 20 years and costs have dramatically fallen thanks to advanced technology: Albayrak
Renewables need six-fold boost to meet climate goals
- Global energy must transform from one based on fossil fuels to one with enhanced efficiencies and based on renewable energy
Spot market electricity prices for Tuesday, April 17
- Energy Exchange Istanbul (EXIST) data shows trade volume as 93.99 million Turkish liras in electricity market
16.04.2018
Electricity
Spot market electricity prices for Saturday, April 14
- Energy Exchange Istanbul (EXIST) data shows trade volume as 78.77 million Turkish liras in electricity market
13.04.2018
Electricity
Turkey names candidate areas for 2nd renewable tenders
- Country plans to hold one solar and one offshore wind tender this year
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Climate change could force 143 mln. people to migrate
- Climate change could force 2.8% of population in Sub-Saharan Africa, South Asia and Latin America to move to other regions
Spot market electricity prices for Saturday, March 17
- Energy Exchange Istanbul (EXIST) data shows trade volume as 49 million Turkish liras for electricity market
16.03.2018
Electricity
EBRD supports Koc Holding in hydro plants privatization
- Bank grants $55 million dual-currency loan to Koc Holding subsidiary to acquire Menzelet and Kilavuzlu plants
Spot market electricity prices for week ending February 25
- Turkey's Energy Exchange Istanbul (EXIST) data shows trade volume of 539.74 million Turkish liras for this week's electricity mkt.
25.02.2018
Electricity
Spot market electricity prices for Sunday, Feb. 18
- Energy Exchange Istanbul (EXIST) data shows trade volume as 62.24 million Turkish liras for electricity market
17.02.2018
Electricity
Turkey puts 2nd floating LNG unit into operation
- With FSRUs, we can minimize investments for transmission and distribution lines as well as transportation costs: Albayrak
Turkey's Enerjisa goes public
- Company will hold book-building on February 1-2 and start trading on Istanbul Exchange on Feb. 8
Spot market electricity prices for Sunday, Jan. 28
- Energy Exchange Istanbul (EXIST) data shows trade volume as 70.6 million Turkish liras for electricity market
27.01.2018
Electricity
Spot market electricity prices for Friday, Jan. 19
- Energy Exchange Istanbul (EXIST) data shows trade volume as 83.58 million Turkish liras for electricity market
Turkey's Aksa eyes gas plant investment in Indonesia
- Aksa Energy is in negotiations to install gas power plant in Indonesia, company group head says
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Spot market electricity prices for Sunday, Jan. 14
- Energy Exchange Istanbul (EXIST) data shows trade volume as 72.61 million Turkish liras for electricity market
13.01.2018
Electricity
EBRD welcomes Turkey's National Energy Efficiency Plan
- Plan designed to implement 14 percent reduction in primary energy consumption in Turkey by 2023
Turkey's first drillship arrives at destination
- Ship has highest and most developed technology in sector, Turkey's Energy and Natural Minister says
Spot market electricity prices for week ending December 31
- Turkey's Energy Exchange Istanbul (EXIST) data shows trade volume of 389.71 million Turkish liras for this week's electricity mkt.
Turkish president to visit France next week
- President Recep Tayyip Erdogan will discuss bilateral ties during visit to France Friday
31.12.2017
International Relations
Turkey's Aksa Gas prepares for IPO worth $750 ml.
- Aksa Natural Gas Distribution Co. to have initial public offering for 30 percent of shares, CEO says
EBRD loans $85 million to Turkish bank for renewables
- Loan will be used to finance private mid-cap companies investing in renewable energy and efficiency projects, says statement
Turkey's gas imports rise 20.27% in 10 months of '17
- Turkey imports 43.80 billion cubic meters of natural gas in 10 months of 2017
Turkey's Agaoglu to invest $260M in renewables
- Company signs agreement with Nordex for turbines of new wind power plant with 125 megawatts of installed capacity
Spot market electricity prices for Saturday, Dec. 23
- Energy Exchange Istanbul (EXIST) data shows trade volume as 55.4 million Turkish liras for electricity market
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TAP likely to attract European bank loans
-TAP initially will have 10 bcm of natural gas capacity, enough for energy consumption of seven million European households
Spot market electricity prices for Thursday, Dec. 14
- Energy Exchange Istanbul (EXIST) data shows trade volume as 60.8 million Turkish liras for electricity market
13.12.2017
Electricity
Zorlu Energy to invest $900 mln. in Turkey and Pakistan
- Turkey's Zorlu Energy plans to invest $700 million in Turkey and $200 million in Pakistan, company head says
Spot market electricity prices for Sunday, Dec. 10
- Energy Exchange Istanbul (EXIST) data shows trade volume as 46.5 million Turkish liras for electricity market
09.12.2017
Electricity
EU calls Turkey ‘strategic partner’
- European Commission’s vice-president says Turkey and EU need each other to ‘thrive economically’
Qatar to produce LNG from shale gas in Texas
- Qatar to step up LNG supplies from Golden Pass LNG terminal in Texas, says head of Doha based Al-Attiyah Foundation
Spot market electricity prices for Sunday, Nov. 26
- Energy Exchange Istanbul (EXIST) data shows trade volume as 48.7 million Turkish liras for electricity market
Fed vice president says Trump should reappoint Yellen
- \"[Yellen is] very good at explaining what she's doing and persuading people of what she's doing,\" Fischer says
14.10.2017
Finance
Turkey's strategic position presents opportunity in energy
- Energy resources in Eurasia give great opportunities and importance to Turkey, says Energy Economics Association head
14.10.2017
Natural Gas
Oil rig count in US falls by 5 this week
- Rig count number declines five times in the past six weeks
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Trump's Iran strategy sanctions IRGC, decertifies deal
- 'What is the purpose of a deal that, at best, only delays Iran’s nuclear capability,' president says
14.10.2017
archive
Iran implements nuclear commitments: Energy watchdog
- IAEA Director General Yukiya Amano says 'So far, the IAEA has had access to all locations it needed to visit'
Natural gas to complement renewable sources
- Natural gas will be carrier of renewables in very long future, says vice president of Gas Infrastructure Europe
13.10.2017
Natural Gas
US Treasury recommends easing regulations for growth
- \"The U.S. has experienced slow economic growth for far too long,\" Secretary Mnuchin says
Oil rig count in US falls by 2 this week
- Rig count number declines four times in the past five weeks
07.10.2017
Oil
Turkish Cypriot FM says federation on island impossible
- UN effort to unite Cyprus under federal umbrella is 'dream', Tahsin Ertugruloglu saysrnrn
Turkey, Venezuela vow to boost ties in energy, trade
- Turkish president, Venezuelan counterpart held joint news conference in capital Ankara
Oil prices plummeting ahead of Hurricane Irma
- Brent fell 1.7 percent on Friday, while West Texas lost 3.7 percent
China to have shares in Russia's oil giant Rosneft
- Transaction is expected to be completed for $9.1 billion