Türkiye energy storage power station revenue

Why is Türkiye a key player in energy storage?

As global investments in energy storage systems continue to grow, Türkiye has positioned itself as a key player, with two cell production facilities and nearly 100 lithium-ion battery production factories of various scales actively operating across the country.

What type of energy does Türkiye generate?

Approximately 56% of Türkiye’s electric power generation capacity consist of renewable energy, including hydroelectric, wind, solar, geothermal, and biomass power plants, making Türkiye the fifth-largest generator of renewable energy in Europe and the 11th largest in the world.

Will Türkiye's battery and storage power plants be approved next year?

However, Usta noted that despite draft regulations, the legal framework for battery and storage power plants is still evolving. The first approvals are expected next year. Türkiye’s battery imports remained steady at around $1.1 billion, similar to last year.

How is electricity storage regulated in Türkiye?

Electricity storage is regulated by the relevant legislation in Türkiye, published on the Official Gazette No: 31479, dated 9 May 2021. EMRA started accepting pre-licence applications for electricity storage facilities in November 2022 and awarded the first licence in April 2023.