Ankara s new energy storage policy

Does Turkey require energy storage?

Turkey's commitment to add 1GW each of new solar PV and wind each year makes energy storage a necessity. With this rapid renewable energy expansion, Turkey's need for energy storage is coming sooner rather than later.

What is happening in Turkey's energy sector in 2022?

During the last quarter of 2022, there was a new update on the legislative frame of the energy sector in Turkey, triggering new promising opportunities for renewable energy and energy storage. Currently, Turkey is Europe’s 6th largest electricity market with a 100 GW installed capacity.

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.

Is Türkiye a regulated electricity market?

Türkiye has a semi-liberalized and moderately regulated market. Energy Exchange Istanbul (EXIST) is Türkiye’s electricity spot market, which manages day-ahead and intraday markets where 40% of electricity is traded among 854 market participants. EXIST’s website features electricity prices in real time.

How big is Turkey's electricity market?

Source: Ministry of Energy and Natural Resources, State Institute of Statistics. Türkiye, with an electric power generation capacity of approximately 105 GW, is Europe’s sixth-largest electricity market and the 14th largest in the world.

Which energy storage asset will be built using Wärtsilä's new energy storage system?

The first energy storage project to use Wärtsilä's new 300MW/600MWh Quantum High Energy battery energy storage system (BESS) solution will be located in Scotland, UK.