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Category Archives: Energy

Turkish-German Consortium Wins Turkey’s Wind Power Tender

All eyes of the global wind energy sector are now on Turkey after it held an auction that could well revolutionise the country's power industry in future years. A consortium, consisting of German firm Siemens Gamesa and Turkish partners Turkerler and Kalyon, won a tender, put at $1 billion, to...

Posted on 19 September 2017

Turkey’s Power Alternatives in the Energy Market

Demand for gas, oil and electricity in Turkey have continued to increase over the last few years as the country experiences a growing population, a robust economy and increased market production. However, the desire for cheaper, alternative energy, such as wind, solar and biogas, has become a top priority as...

Posted on 22 August 2017

Turkey Set to Confirm Potential Energy Project with Israel

Turkey’s energy minister Berat Albayrak has confirmed that he will visit Israel before the end of 2017 to finalise an ambitious gas line project from Israel to Turkey. The announcement was made at the 22nd World Petroleum Congress in Istanbul that ran from the 9th to the 13th of July....

Posted on 13 July 2017

Turkish Economic Train Rages On

While the economic crisis rages on in Europe and sporadically around the world, Turkey continues to go from strength to strength, this week finalising two record-breaking tenders. The first a 22.15 billion euros multi-party tender for the construction of Istanbul's third and one of the world's largest airports. The airport...

Posted on 04 May 2013

Turkish Budget Deficit Collapses in Q1 as Turkey Goes Private

More positive news for the Turkish economy as it continues to become the best and brightest in Europe. According to the latest data released at a press conference by Finance Minister Mehmet Şimşek, the Turkish budget deficit has fallen 86% during the first quarter courtesy of a surge in revenue...

Posted on 24 April 2013

Demand for Clean Energy in Turkey Set to Increase

It's expected that demand for clean energy in Turkey will increase substantially over the next two years in spite of slowing economic growth. The deputy energy minister, Hasan Murat Mercan has estimated that Turkey needs to spend around $10 billion on generating new power each year for the next decade....

Posted on 08 February 2013

Turkey to Resume Talks with France on Nuclear Power Plants

France and Turkey has agreed to resume their talks on nuclear energy, as Ankara has plans to build three nuclear power plants within the next five years. The French foreign trade minister, Nicole Bricq recently met with the Turkish energy Minister Taner Yildiz to discuss nuclear power projects. France is...

Posted on 26 January 2013

Full Extent of Turkey’s Shale Gas Reserves Unknown

It is certainly good news that Turkey has considerable deposits of shale gas, as foreign energy imports account for a major part of the current account deficit. Extracting the shale gas could mean Turkey will finally enjoy the competitive energy prices. In 2011 the US government released its analysis of...

Posted on 25 January 2013

Abu Dhabi Owned Company Invests in Turkish Coal Mines

Taqa, an Abu Dhabi owned company has recently signed a coal plant deal with Turkey that could be worth $12 billion. The agreement was signed at the beginning of the month and allows Taqa to develop Turkish coal mines. The company will work in conjunction with the Turkish government owned...

Posted on 17 January 2013

Turkey Talking Energy with Russia

The Russian president recently visited Turkey as the two countries are looking to increase bilateral trade from its current level of $32 billion to around $100 billion. This is an ambitious target, and is largely dependent on the Turkish energy imports. During the first 10 months of this year Russia...

Posted on 06 December 2012