Energy

Turkey is Europe’s 6th largest electricity market with the major sources of power generation being:

  • coal: 37 %
  • natural gas: 30 %
  • hydro: 20 %
  • wind: 7 %
  • geothermal: 3 %

Turkey has plans to invest substantially in the energy sector by 2023 with priority being given to nuclear power plants, wind power, hydroelectric power, network development, coal mining development and coal - fired power plants, solar power; and gas-fired power plants.

Niche opportunities for Canadian firms include: smart grid systems(e.g.; SCADA), solar energy design and engineering, geothermal equipment, wind turbines and generators, energy storage, and nuclear energy equipment and expertise.

Economic updates from Turkey