Renewable energy projects under the jurisdiction of YEKA are expected to attract approximately $3.3 billion in financial investments.

Turkiye's Upcoming Renewable Energy Tenders Set to Boost Domestic Production and Attract Billions in Investment

Turkiye is poised to make significant strides in its renewable energy sector with the upcoming Renewable Energy Resource Zone (YEKA) tenders in November and December. The tenders, designed to allocate large-scale wind and solar projects, encourage local manufacturing, and attract foreign and domestic investment, are expected to attract approximately $3.3 billion.

The projects aim to cut Turkiye's reliance on imported energy, expand domestic clean power use, and strengthen the country's renewable manufacturing base. Hakan Erkan, secretary-general of GENSED, predicts that the 35-megawatt floating solar project at the Demirköprü Dam reservoir will attract approximately $20 million in investment.

Demand is rising for wind equipment such as turbine blades, towers, and generators, as well as for solar panels and other components. Alper Kalaycı, the head of ENSIA, expects wind projects from the YEKA tenders to generate about $2.3 billion in investment, while solar projects will account for roughly $1 billion.

The YEKA tenders will allocate 2,000 megawatts (MW) of wind and solar capacity across 12 provinces. Six wind projects, totaling 1,150 MW, will be auctioned in Sivas, Balıkesir, Aydın, Denizli, and Kütahya, with project sizes ranging from 110 MW to 500 MW. Nine solar projects, ranging from 40 MW to 260 MW, will be tendered in Elazığ, Kahramanmaraş, Erzurum, Bolu, Eskişehir, Mardin, and Van.

Kalayci concludes that localizing production not only boosts demand but also contributes to technological development. Erkan notes that floating solar plants help conserve water by reducing evaporation through their shading effect. When integrated with hydropower facilities, the hybrid model also contributes to electricity generation.

The government plans to build 14,700 kilometers of high-voltage direct current (HVDC) lines, totaling 40 gigawatts of capacity. Alongside YEKA tenders, Turkiye is also advancing floating solar power projects, with a 35-megawatt installation planned in Manisa's Demirkopru Dam reservoir.

To meet its 2035 energy targets, Turkiye recently passed a reform law to streamline permitting and approval processes, aiming to accelerate investments. The interconnection capacity for exports is set to reach 6750 MW, and for imports, it will be 6600 MW.

However, there are no relevant search results identifying which companies will particularly benefit from the YEKA tenders in Turkiye scheduled for November and December with an expected total investment of 3.3 billion dollars. Despite this, it is clear that these large-scale projects will particularly benefit companies producing domestic components in the renewable energy sector.

Renewable energy projects under the jurisdiction of YEKA are expected to attract approximately $3.3 billion in financial investments.