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Turkey Targets $200 Billion Energy Transition Investment by 2035, State-Backed Report Says

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Turkey plans to invest about $200 billion in electrification infrastructure and wind, solar and nuclear power by 2035 as it seeks to accelerate its energy transition, according to the Energy Sector Report 2026 released on Monday.

The report, prepared in collaboration between the Presidential Investment and Finance Office and energy consultancy Aplus Energy Consulting, shares a roadmap outlining the steps Turkey aims to take in the energy sector by 2035.

The investment and financing needs outlined in the report include about $80 billion for grid modernization, system flexibility, transmission and distribution infrastructure.

Turkey aims to raise its combined wind and solar power capacity to 120 gigawatts by 2035, a target set by the Energy and Natural Resources Ministry, which would require adding about 8-9 GW of capacity each year, the report said.

The planned investment pipeline could provide opportunities for international investors across Turkey's energy sector, including renewable generation, storage and infrastructure, the report said.

Battery storage and electric vehicle charging infrastructure are among the emerging areas identified as potential investment opportunities.

Turkey's electric vehicle fleet could reach 7 million by 2035 under a high-growth scenario, based on projections using data from the Energy Market Regulatory Authority.

Renewable energy projects paired with battery storage and the YEKA DURES-2026 offshore wind programme are also among the projects highlighted. The initiative is Turkey's first offshore wind energy programme.

The report examines investment opportunities across seven technology areas: wind, solar, battery storage, hydropower, geothermal, biomass and green hydrogen.

Investment and Finance Office President Ahmet Burak Daglioglu said that rapid growth in renewable energy, grid modernization, energy efficiency, storage, and domestic manufacturing would create significant opportunities for investors, according to the state news agency Anadolu Agency in a Monday report.

Turkey's longer-term energy strategy is aimed at supporting its goal of reaching net-zero emissions by 2053, while attracting international capital, technology and strategic partnerships, Anadolu Agency reported, citing Daglioglu.

The Energy Sector Report 2026 is intended to improve the visibility of Turkey's energy market among international investors by providing an overview of market, regulatory and investment conditions.

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