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Electricity to form 30% of Turkey energy demand by 2040

- Final energy demand will increase by 40% while electricity demand will grow by around 70% to 90% by 2040

home > Electricity, Renewable, Türkiye 13.01.2021 11:34 Nuran Erkul

Electricity to form 30% of Turkey energy demand by 2040

Turkey's power demand is forecast to be the fastest growing among other energy types, accounting for 30% of total final energy demand by 2040, director of Sabanci University Istanbul’s International Center for Energy and Climate (IICEC), told Anadolu Agency on Wednesday.

Electricity demand currently represents 20% of Turkey’s total energy demand, according to the IICEC's recently published Turkey Energy Outlook report analyzing the Turkish energy sector through to 2040.

"Turkey's final energy demand will grow by around 40% by 2040 while electricity demand will be around 70% to 90% during the same period. With this increase, the share of electricity demand in final energy demand will reach 30%, as electricity is seeing the fastest growth among other energy types," Bora Sekip Guray, the IICEC director said.

He cited Turkey's young population, its developing industry and increasing electrification as the main contributing factors for this power demand increase.

Therefore, Guray advocated for investment growth in both Turkey’s electricity sector, which he said needs to be in region of around $8 billion by 2040, and also in the renewable energy sector.

According to the IICEC's studies, solar and wind currently hold an 11% share in Turkey's total energy generation but this share is forecast to increase to 36% by 2040.

"Considering the contribution from other renewables including hydro, geothermal and biomass, the share of renewables in total electricity generation will reach 60%," he said, adding that a growth in domestic and renewable capacity would help Turkey reduce its energy import bill and support the local manufacture of clean energy technologies.

Turkey's installed renewable energy capacity of 49,500 megawatts accounts for more than half of the total installed electricity capacity of 95,000 megawatts.

- Natural gas and energy storage will still be central for energy sector’s future

Even though the share of natural gas plants in Turkey’s electricity generation dropped dramatically from 50% in the last few years to the current 20%, thanks to the growth of renewable, natural gas plants are nonetheless set to continue to play a crucial and balancing role in bridging the power supply gap by offering flexible power when renewable generation is insufficient.

Guray argued that energy storage technologies could also provide similar supply flexibility.

"We see a number of investment opportunities for energy storage technologies in Turkey. Turkey's first indigenous and all-electric automobile prototype will contribute much to the development of energy storage technologies and investments in Turkey," he said.

In June 2018, five industrial giants: the Anadolu Group, BMC, Kok Group, Turkcell, and Zorlu Holding as well as an umbrella organization, the Union of Chambers and Commodity Exchanges of Turkey, joined forces to form Turkey's Automobile Joint Venture Group (TOGG) to produce Turkey's first domestically manufactured electric vehicle.

By 2030, TOGG will produce and own the intellectual and industrial property rights of five different electric vehicle (EV) models in Turkey - SUV, b-SUV, sedan, c-hatchback, and b-MPV.

Turkey inaugurated the first Eti Maden Lithium Production Plant in the country's central province of Eskisehir last month. The lithium from the production plant will be used in components for these EVs.

Guray also maintained that the share of local sources for power generation would increase after Turkey's first nuclear plant becomes operational and the country begins using its natural gas production from the Black Sea region.

Turkey discovered a total of 405 billion cubic meters of natural gas in the Black Sea region in 2020 and first production from the field is planned to start by 2023.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr



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- Investors remain cautious amid uncertainty over tariff policy
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Türkiye's daily power consumption down 0.2% on July 10

- Electricity exports amount to 13,434 megawatt-hours and imports total 7,225 megawatt-hours
13.07.2025 Electricity

Spot market electricity prices for Friday, July 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.04 billion Turkish liras
10.07.2025 Electricity

Türkiye's daily power consumption up 1.9% on July 9

- Electricity exports amount to 14,370 megawatt-hours and imports total 6,335 megawatt-hours
11.07.2025 Electricity

Spot market electricity prices for Thursday, July 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.10 billion Turkish liras
09.07.2025 Electricity , Finance

Türkiye's daily power consumption up 3.6% on July 8

- Electricity exports amount to 15,138 megawatt-hours and imports total 4,131 megawatt-hours
09.07.2025 Electricity

Spot market electricity prices for Wednesday, July 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.30 billion Turkish liras
08.07.2025 Electricity

Türkiye's daily power consumption up 19.5% on July 7

- Electricity exports amount to 14,656 megawatt-hours and imports total 4,004 megawatt-hours
09.07.2025 Electricity

Spot market electricity prices for Tuesday, July 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.20 billion Turkish liras
07.07.2025 Electricity

Türkiye's daily power consumption down 9% on July 6

- Electricity exports amount to 16,880 megawatt-hours and imports total 2,649 megawatt-hours
08.07.2025 Electricity

Spot market electricity prices for Monday, July 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.04 billion Turkish liras
06.07.2025 Electricity

Türkiye's daily power consumption down 4.1% on July 5

- Electricity exports amount to 13,869 megawatt-hours and imports total 4,905megawatt-hours
07.07.2025 Electricity

Spot market electricity prices for Sunday, July 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.34 billion Turkish liras
05.07.2025 Electricity

US ready to fund viable nuclear energy projects in Türkiye, official says

- Washington and Ankara are ‘deep friends and good partners,’ says US State Department advisor
08.07.2025 Nuclear , Energy Diplomacy

Türkiye's daily power consumption down 7% on July 4

- Electricity exports amount to 13,762 megawatt-hours and imports total 2,920 megawatt-hours
08.07.2025 Electricity

Spot market electricity prices for Saturday, July 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.80 billion Turkish liras
04.07.2025 Electricity

Türkiye's daily power consumption down 1.5 % on July 3

- Electricity exports amount to 13,479 megawatt-hours and imports total 3,415 megawatt-hours
04.07.2025 Electricity

Spot market electricity prices for Friday, July 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.91 billion Turkish liras
03.07.2025 Electricity

Türkiye's daily power consumption up 0.2% on July 2

- Electricity exports amount to 13,681 megawatt-hours and imports total 3,309 megawatt-hours
03.07.2025 Electricity

Türkiye's Akkuyu nuclear plant attracts investor interest as energy production nears

- Selection of potential partners must be approved by Türkiye under the Russia-Türkiye agreement, project's top executive says
05.07.2025 Nuclear

Spot market electricity prices for Thursday, July 3

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.62 billion Turkish liras
02.07.2025 Electricity

Akkuyu Nuclear says commissioning underway for 1st reactor unit

- 'We plan to carry out preparatory work this year to connect the first unit's switchyard to the electrical transmission system,' Anton Dedusenko tells Anadolu
03.07.2025 Nuclear , General

Türkiye's daily power consumption up 4.4% on July 1

- Electricity exports amount to 14,406 megawatt-hours and imports total 2,515 megawatt-hours
02.07.2025 Electricity

International Atomic Energy Agency ready to 'accompany' African countries on nuclear journey

- Developing nuclear energy requires infrastructure, capacity building, says agency head
02.07.2025 Nuclear

Experts, policymakers explore ways for Africa’s energy transition

- Nuclear Energy Innovation Summit for Africa opens with focus on exploring potential of small modular and micro reactors in accelerating energy transition
03.07.2025 Nuclear

Spot market electricity prices for Wednesday, July 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.78 billion Turkish liras
02.07.2025 Electricity

Türkiye's daily power consumption up 11.6% on June 30

- Electricity exports amount to 13,941 megawatt-hours and imports total 12,565 megawatt-hours
02.07.2025 Electricity

Spot market electricity prices for Tuesday, July 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.08 billion Turkish liras
30.06.2025 Electricity

Türkiye's daily power consumption down 12.4% on June 29

- Electricity exports amount to 14,301 megawatt-hours and imports total 11,740 megawatt-hours
01.07.2025 Electricity

Spot market electricity prices for Monday, June 30

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.84 billion Turkish liras
29.06.2025 Electricity

Türkiye's daily power consumption down 5% on June 28

- Electricity exports amount to 13,621 megawatt-hours and imports total 14,528 megawatt-hours
29.06.2025 Electricity

Spot market electricity prices for Sunday, June 29

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 878 million Turkish liras
28.06.2025 Electricity

Türkiye's daily power consumption up 0.74% on June 27

- Electricity exports amount to 14,347 megawatt-hours and imports total 10,993 megawatt-hours
30.06.2025 Electricity

Türkiye's licensed power generation up 11% in April

- Installed electricity capacity rises by 1.9% in April compared to same month in 2024
28.06.2025 Electricity
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