Energy storage subsidy policy 2025 ankara

How much money does Turkey spend on energy in 2020-2021?

In 2020-2021, in response to the COVID 19 pandemic, Turkey has committed at least USD 15.84 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

Does Türkiye need to decarbonize the power sector?

Deep decarbonization in the power sector implies Türkiye has to retire most of its coal power plants by 2040, build no new coal plants, and replace the energy with cleaner, affordable, and reliable alternatives.

How TANAP will improve natural gas supply in Türkiye in 2026?

TANAP aims to reach an annual capacity of 31 billion cubic meters (bcm) in 2026. Another project that has recently contributed to the strengthening of the natural gas supply security of Türkiye is the TurkStream Natural Gas Pipeline project. This project consists of two pipelines, each with a capacity of 15.75 bcm, laid under the Black Sea.

How much money will a UK energy storage project get?

A few days after the Harmony project achieved commercial operation, the UK Department for Business, Energy & Industrial Strategy announced that five energy storage projects would benefit from a share of more than £32 million ($38 million) in government funding across the country.

What is the EU Regulation on energy storage?

In brief, the EU regulation in respect of energy storage appears to focus on the following: Public support, strategy, and other policy aspects (for more information on EU state aid to energy projects, see Cross-Border Energy Projects in Times of Crisis: Is EU State Aid a Solution for Green Transition?)

Is pumped storage hydropower balancing the future of energy storage?

Otherwise, pumped storage hydropower is currently the only conventional technology for balancing. But such facilities take long to be built and they cover vast surfaces. With a change in regulation on November 19, Turkey made it possible for energy storage developers to get preliminary licenses for a matching capacity in wind or solar power.