You are here

World Bank approves $350m project to boost wind energy in Turkey

Turkey renewable energy World Bank approved project to facilitate development of wind energy plants in İzmir, Çanakkale, and Kırklareli and support smart grid investment

Wind energy
The World Bank said the approved renewable energy project aims to help support faster development of wind energy in Turkey

Wind energy development is the focus of a USD 350m renewable energy project in Turkey, the World Bank has revealed. The World Bank has approved financing for the renewable energy project which aims to help “alleviate key barriers that inhibit faster development of wind energy” in Turkey.

The wind energy project will be implemented by Turkish electricity transmission company TEIAS and is split into components. Component one supports the expansion of transmission infrastructure to facilitate faster development of wind power plants in the provinces of İzmir, Çanakkale, and Kırklareli. Meanwhile, component two supports smart grid investments to strengthen grid operation and management, which will enable TEIAS to handle increasing amounts of wind energy.

The World Bank said the provinces İzmir, Çanakkale, and Kırklareli constitute nearly 70 per cent of the installed wind energy capacity in Turkey. Due to their high wind potential, the provinces will continue to attract more wind power investments, it said.

The World Bank Group’s Board of Executive Directors has approved financing of USD 300m for the wind energy project from the International Bank for Reconstruction and Development (IBRD), and USD 50m from the Clean Technology Fund (CTF) for the Renewable Energy Integration Project.

The USD 50m funding from the CTF will be utilised towards components one and two of the project. The World Bank said this will contribute directly to the accelerated expansion of wind energy in Turkey.

Meanwhile, component three supports a 2GW Lapseki-Sütlüce submarine power cable which will connect the Anatolian side and Thrace side of Turkey. Component four will support strengthening transmission networks to cater to growing demand and supply of electricity in Turkey.

The World Bank said the project’s main development objective is to assist Turkey in meeting its increasing power demand by strengthening the transmission system and facilitating large-scale renewable energy generation. The Renewable Energy Integration Project also complements previous investments by the World Bank Group to tap Turkey’s significant renewable energy potential from hydro, wind, solar, biomass, geothermal, and other resources. 

Martin Raiser, World Bank country director for Turkey, said: “Turkey has considerable renewable energy potential. However, substantial public and private investment is needed to fully exploit this resource. As the World Bank, we have supported Turkey’s energy sector reforms for over a decade, with the objective of making Turkey’s energy sector cleaner, more secure, and less dependent on imports. This project is another important step in this direction.” 

Wind power has seen significant development in Turkey this year. French firm Alstom announced in April it will supply over 50MW of turbines to build a wind farm in Turkey's Izmir Aliaga peninsula.