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Turkey aims to quadruple wind and solar capacity by 2035

Global, News

Turkey‘s Energy Minister, Alparslan Bayraktar, announced that the country will need $108 billion in public and private investment to increase its wind and solar power capacity to 120,000 MW by 2035, aiming to quadruple its current capacity.  This announcement was made during an event outlining Turkey’s renewable energy roadmap. The first renewable energy resource area tender conditions for 2024 will be disclosed next week. The energy ministry is revising regulations to encourage private sector investment…

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NRC extends licenses for FPL’s Turkey Point nuclear plant

Global, News

The US Nuclear Regulatory Commission (NRC) has extended the operating licenses for Florida Power & Light Company’s (FPL) Turkey Point nuclear power plant Units 3 and 4, allowing them to operate until 2052 and 2053, respectively. The plant, located 25 miles south of Miami, provides enough energy to power nearly one million homes and businesses, playing a key role in Florida’s energy grid and supporting the state’s growing population. Turkey Point became the first US…

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Enercon secures 110.5 MW wind turbine contract from Polat Enerji in Turkey

Global, News

German company Enercon has secured a contract to supply wind turbines totaling 110.5 MW for Turkish renewable energy company Polat Enerji. This deal supports the expansion of three wind farms across Turkey, boosting the country’s renewable energy infrastructure. Enercon will supply 17 E-160 EP5 turbines for the Yalova/Göktepe 4 wind farm, two E-160 EP5 turbines for the Kırşehir/Geycek 3 wind farm, and two E-82 turbines for the İzmir/Ege 3 wind farm. The E-160 EP5 E2…

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UK, Polish agencies provide €249m guarantee for Turkey’s 390 MW solar project

Global, News

UK Export Finance (UKEF) and Polish export credit agency KUKE have teamed up to provide a €249 million loan guarantee for Turkish renewable energy firm Kalyon Enerji. The guarantee, arranged by Standard Chartered Bank, will finance the construction of a 390 MW solar project across Turkey’s provinces of Bor-Nigde, Gaziantep, and Sanliurfa-Viransehir, set to become the country’s second-largest solar initiative. Once completed, the solar farms will supply clean energy to over 65,000 Turkish households annually….

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China pumped in over $100 billion overseas in cleantech since 2023

Global, News

Chinese firms have invested over $100 billion in overseas clean energy projects since 2023, according to a report by Australian research group Climate Energy Finance (CEF). The investments, largely aimed at circumventing tariffs in the U.S. and other regions, reflect China’s global dominance in solar panels, lithium batteries, and electric vehicles. China leads the world in clean energy manufacturing, accounting for 78.1% of global solar panel production, 24.1% of lithium batteries, and 32.5% of electric…

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Progress on Eurasian electric cable link between Cyprus and Greece

Global, News

Cyprus and Greece have made strides in advancing the construction of the Great Sea Interconnector (GSI), a high-speed electric cable link connecting Greece, Cyprus, and Israel via the Mediterranean seabed. The project, valued at €2.4 billion ($2.67 billion), will be the world’s largest and deepest high-voltage direct current (HVDC) interconnector, spanning 1,240 km at a depth of 3,000 meters. Despite progress, the GSI has faced delays due to financing challenges and the need for transnational…

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Rosatom completes reactor vessel installation at Tianwan NPP Unit 8 in China

Global, News

Russian state nuclear company Rosatom has completed the installation of the reactor vessel at Tianwan Nuclear Power Plant (NPP) Unit 8 in China, marking a significant milestone in the project’s development. The reactor, a VVER-1200 model weighing 331.7 tons, was manufactured by Russian specialists and positioned in its designated spot after a detailed inspection and preparatory process. Rosatom’s engineering division provided technical support, with supervision from OKB Gidropress, a subsidiary of Rosatom, ensuring the precision…