Turkey Unveils 500 Billion Dollar Energy Roadmap to 2040
The plan targets 500 billion dollars in investment, 10 GW nuclear power, and 175 GW renewable capacity by 2040.
KEY POINTS
- 500 billion dollars in investment planned through 2040
- 10 GW nuclear and 175 GW solar and wind capacity targeted
- Electricity demand projected to rise from 365 TWh to 680 TWh
- Two million electric vehicles targeted by 2040
- Total installed capacity expected to reach 281 GW
Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar announced the country's 15-year energy roadmap, Milli Enerji 2040, in Istanbul on November 5, 2026. The plan outlines 500 billion dollars in investment through 2040.
The roadmap sets targets of 10 GW nuclear capacity and 175 GW solar and wind capacity. It also aims for two million electric vehicles by 2040.
“The announced figures are government targets rather than finalized results.”
Annual electricity demand is projected to rise from 365 TWh in 2025 to 680 TWh in 2040, an increase of about 86 percent. Total installed capacity is expected to grow from 123 GW to 281 GW.
The plan includes digitalization of electricity grids, energy storage, electric transportation, and natural gas and oil production. Electrification in industry, electric vehicles, data centers, heat pumps, and new technologies are driving the demand growth.
The government describes energy independence, supply security, and climate change as central concepts. The announced figures are government targets rather than finalized results.
Per capita electricity consumption is projected to reach 7,500 kilowatt-hours per year by 2040. Primary energy demand is expected to reach 199 Mtep.
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