Publish: 20:48, 12 Jan, 2025

Turkiye plans $20B investment in energy efficiency by 2030

Online Desk
Turkiye plans $20B investment in energy efficiency by 2030

Turkiye has announced plans to invest more than $20 billion in energy efficiency projects by 2030, aiming for significant advancements in industries, buildings, and public lighting. This ambitious initiative is part of the Second National Energy Efficiency Action Plan, which builds on the $8.5 billion investment made between 2017 and 2023 under the first action plan.

Bilal Duzgun, head of the Energy Efficiency and Environment Department at the Ministry of Energy and Natural Resources, highlighted Turkiye’s strides in energy efficiency, noting a 30% reduction in energy intensity over the past two decades. He emphasized that improving energy efficiency is critical for sustainable development and combating climate change.

Key initiatives include grants for energy-saving projects in offices, hospitals, and shopping malls, alongside mandatory green building certifications for all new public buildings by 2026. The government also plans to increase renewable energy usage in new constructions and upgrade energy performance standards.

A geographic information system-based map will be launched to guide heat pump installations, particularly in the Mediterranean and Aegean regions. Public lighting will also see a transformation, with the installation of 500,000 additional LED fixtures by 2025 and a goal of 3.75 million fixtures by 2028, projected to save TL 750 million ($20 million) annually.

Duzgun stated that these efforts place Turkiye among the leading OECD countries in energy efficiency, with the country achieving a 4.5% energy savings rate in 2023, surpassing the global average of 1%.

Source: Daily Sabah

Bd-pratidin English/ Jisan

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