The World Bank has approved $300m (€217m) in funding from the International Bank for Reconstruction and Development (IBRD) and $50m (€36.2m) from the Clean Technology Fund (CTF) for Turkey's renewable energy integration project.
Being implemented by TurkIye ElektrIk IletIm (TEIAS), the project's main objective is to help Turkey in fulfilling its increasing power demand by strengthening the transmission system and facilitating large-scale renewable energy generation.
With the integration of renewable energy source-based generation in Turkey, the project aims to avoid greenhouse gas (GHG) emissions from fossil fuel-based power.
The project components are estimated to help relieve the key barriers that inhibit faster development of wind energy in Turkey.
Component 1 supports the expansion of transmission infrastructure to assist faster development of wind power plants in the provinces of Izmir, Çanakkale, and Kirklareli, which constitute nearly 70% of the installed wind capacity in Turkey.
Component 2 backs smart-grid investments to strengthen grid operation and management, which will enable TEIAS to manage the increasing amounts of wind energy.
Component 3 supports the second Lapseki-Sütlüce submarine power cable that will connect the Anatolian side and Thrace side of Turkey, with a capacity of 2GW. As a result of this sub-component, the 380kV bulk-transmission network to Istanbul across the Bosphorus and Dardanelles straits will form a secure strong loop network around the Marmara Sea.
Component 4 supports the fortifying of transmission networks to supply to growing demand and supply of power in Turkey. This element includes the Yeni Ambarli-Yenibosna single-circuit underground cabling along with other investments.
The CTF's funding is expected to be used towards Components 1 and 2 of the project that contribute directly to the accelerated expansion of Turkey's wind energy.
World Bank country director for Turkey Martin Raiser said, "Turkey has considerable renewable energy potential. However, substantial public and private investment is needed to fully exploit this resource.
"As the World Bank, we have supported Turkey's energy sector reforms for over a decade, with the objective of making Turkey's energy sector cleaner, more secure, and less dependent on imports. This project is another important step in this direction."