Türkiye Leads in Green Energy Investments, Renewable Share to Exceed 60% by 2025: Erdogan

Turkish President Recep Tayyip Erdogan stated on Monday that Türkiye is at the forefront of green energy investments, with renewable energy now accounting for over 60% of the country's total energy capacity as of this year

Speaking at the 11th Energy Efficiency Forum and Exhibition in Istanbul, Erdogan emphasized that the world's energy needs are increasing year by year in parallel with the growing population and growing economy, The Caspian Post reports citing Turkish media.

"Another point worth noting is that rising energy demand signals not only population growth and development, but also increased prosperity. Parallel to this increase in prosperity, the use of energy, especially electricity, is expanding," he said.

"In the first eight months of this year alone, we paid $26 billion for energy imports. We are working diligently to reduce this bill," Erdogan said. "Our daily consumption of oil is around 1 million barrels. We procure 160,000 barrels of this from our own resources."

The president noted that even though Türkiye has made significant progress in its Black Sea gas and Gabar oil discoveries, the picture before it is that it still has "some distance" to go.

"We currently rank fifth in the world with four active drilling and two seismic-research vessels. With the entry of our new vessels into the inventory, we will rise to fourth place," Erdogan stated.

Also touching on Türkiye's overall economy, Erdogan said they anticipate increasing the country's economy to $1.9 trillion and its per capita national income to $21,000 by 2028.