Türkiye targets 77% share of renewables in its power capacity by 2040

Türkiye’s Ministry of Energy and Natural Resources has unveiled the National Energy 2040 vision, which aims to make the country energy-independent by 2040 (Türkiye government press release, 05/11/2026). To do so, the government plans to focusing on reaching a 36% electrification rate. Given that electricity demand is projected to rise from 365 TWh in 2025 to 680 TWh in 2040, the country targets an increase of its installed capacity of about 160 GW to reach 281 GW by 2040, with the renewables share increasing from 63% to 77%. 

The government plans to reach 10 GW of nuclear capacity by 2040, adding at least 5 GW of small modular reactor (SMR) capacity on top of the 4.8 GW Akkuyu nuclear power plant, to cover 11% of its electricity consumption with nuclear and to save 15 bcm of gas imports by 2040. Türkiye also aims to add at least 2 GW of renewable capacity each year through YEKA renewable-energy tenders, and to reach 6 GW of offshore wind, on top of additional distributed and hybrid generation. System flexibility would be supported by 140 GWh of storage, 6 GW of pumped-storage hydropower, and an increase in cross-border interconnection capacity with Syria and Iraq from 5.4 GW to 15 GW. 

Total investment to reach 281 GW by 2040 is estimated at USD190bn. Türkiye also plans USD116bn of investment in electricity networks, including new HVDC infrastructure, smart meters and grid modernization, while targeting 20 million electric vehicles and 1.5 million charging points. 

In parallel, the country aims to reduce primary energy intensity by 40%, generating an estimated USD240bn in savings, and ultimately cover 100% of its oil and natural gas consumption through domestic production by 2040, compared with around 15% in 2025.

The improvements to the country’s energy sector are expected to represent an investment by the public and private sector of about USD500bn.