Turkey Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

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The cumulative installed capacity in the Turkey power market was 100.3 GW in 2021. It is expected to grow at a CAGR of more than 3% during 2021-2035. Turkey currently does not have any nuclear power generation capacity, but the government is focusing on introducing nuclear to the national power mix despite the global push against nuclear power.

The Turkey power market report discusses the power market structure of Turkey and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.

Turkey power market overview

Turkey power market overview

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What are the market dynamics in the Turkey power market?

Turkey has a well-developed infrastructure and a market-oriented economy. The power regulatory structure is governed by the Energy Market Regulatory Authority (EMRA). The government is planning to carry out large-scale investments in the sector, as well as attract FDI. Renewable sources are expected to show the highest growth in the power mix due to huge untapped renewable potential. Thermal power is the primary source of power generation. Most of its thermal installed capacity is natural gas-based, followed by hard coal and lignite fuel. The country has excellent geothermal and wind power potential.

Turkey has one of the world’s fastest-growing energy markets, due to its economic growth. The successful privatization of power distribution, along with the expected privatization of its power generation sector soon, is expected to increase competition and expand growth opportunities. The government also established a national energy exchange, which became operational in 2015. It has fostered further liberalization of the power sector and ensured more transparency and efficient matching of supply and demand. Additionally, Turkey’s location beside Middle Eastern countries, African countries, and Western Europe gives it an opportunity to transform itself into a regional energy hub.

What are the key deal types in the Turkey power market?

Turkey’s power deals market was dominated by partnership deals, followed by asset transactions, debt offerings, acquisition, and equity offerings.

Turkey power market, by deal types

Turkey power market, by deal types

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What are the key sectors in the Turkey power market?

The key sectors in the Turkey power market are the industrial sector, residential sector, and commercial sector. In 2021, the industrial sector had the dominant share in power consumption.

Turkey power market, by key sectors

Turkey power market, by key sectors

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Who are the key players in the Turkey power market?

Some of the key players in the Turkey power market are Elektrik Uretim AS, Devlet su Isleri Genel Mudurlugu, Enka Power Systems BV, Enerjisa Enerji Uretim AS. In 2021, Turkey’s power generation market was dominated by Elektrik Uretim AS (EUAS).

Turkey power market, by key players

Turkey power market, by key players

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Market report scope

Cumulative installed capacity

(Year – 2021)

100.3 GW
Growth rate CAGR of >3% (2021-2035)
Forecast period 2022-2035
Deal types Partnership Deals, Asset Transactions, Debt Offerings, Acquisition, and Equity Offerings
Key sectors Industrial Sector, Residential Sector, and Commercial Sector
Key players Elektrik Uretim AS, Devlet su Isleri Genel Mudurlugu, Enka Power Systems BV, Enerjisa Enerji Uretim AS

Market Scope

This report provides:

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035.
  • Capacity, generation, and major power plants by technology.
  • Data on leading active and upcoming power plants.
  • Information on transmission and distribution infrastructure, and electricity imports and exports.
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis.

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector.
  • Identify key factors driving investment opportunities in the country’s power sector.
  • Facilitate decision-making based on strong historic and forecast data.
  • Develop strategies based on the latest regulatory events.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Identify key partners and business development avenues.
  • Identify key strengths and weaknesses of important market participants.
  • Respond to your competitors’ business structure, strategy, and prospects.

Elektrik Uretim AS
Devlet su Isleri Genel Mudurlugu
Enka Power Systems BV
Enerjisa Enerji Uretim AS

Table of Contents

Table of Contents

1. Executive Summary

1.1 Renewable power to account for 43% of generation share in 2035

1.2 Nuclear power to be added in the mix in 2023

2. Introduction

2.1 Turkey Power Market

2.2 GlobalData Report Guidance

3. Turkey Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. Turkey Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 Turkey Power Market, Demand Structure

Power Consumption by Sector, 2021

5. Turkey Power Market, Regulatory Scenario

5.1 Nuclear Power Policy

5.2 Renewable Energy Market, Overview

5.3 Renewable Energy Targets

5.4 Electricity Market Law

5.5 Omnibus Law

5.6 National Renewable Energy Action Plan (NREAP)

5.7 Act No. 5346 – Utilization of Renewable Energy Sources

5.8 The Presidential Decree Number 1044

5.9 Intended Nationally Determined Condition (INDC)

5.10 COP24

5.11 Law on Geothermal Sources and Natural Mineral Water

5.12 Feed-in Tariff

5.13 Auctions

5.14 Renewable Energy Zones (YEKA-Scheme)

YEKA-2017

5.15 YEKDEM

5.16 Hydrogen Energy

5.17 Electricity Market Licensing Regulation

Amendments to Electricity Market Licensing Regulation

5.18 Clean Technology Fund (CTF)

6. Turkey Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Nuclear Power Capacity and Generation, 2010–2035

6.6 Renewable Power Capacity and Generation, 2010–2035

7. Turkey Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. Turkey Power Market, Major Generating Companies

8.1 Elektrik Uretim AS

Company Overview

Business Description

8.2 Devlet su Isleri Genel Mudurlugu

Company Overview

Business Description

8.3 ENKA Insaat ve Sanayi AS

Company Overview

Business Description

SWOT Overview

8.4 Kazanci Holding AS

Company Overview

Business Description

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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Table

List of Tables

Table 1: Power Market, Turkey, Macroeconomic Factors, 2010–2030

Table 2: Renewable Energy Targets, Turkey, 2023

Table 3: Renewable Energy Feed-in Tariffs, Turkey, 2021

Table 4: Renewable Energy Auctions, Turkey, 2017-2019

Table 5: Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Table 6: Power Market, Turkey, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 7: Thermal Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Table 8: Thermal Power Market, Turkey, Major Plants, 2021

Table 9: Hydropower Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Table 10: Hydropower Market, Turkey, Major Plants, 2021

Table 11: Nuclear Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Table 12: Nuclear Power Market, Turkey, Major Plants, 2020

Table 13: Renewable Power Market, Turkey, Cumulative Capacity (GW), 2010–2035

Table 14: Renewable Power Market, Turkey, Annual Generation (TWh), 2010–2035

Table 15: Renewable Power Market, Turkey, Major Plants, 2021

Table 16: Power Market, Turkey, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 17: Power Market, Turkey, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 18: Power Market, Turkey, Annual Electricity Import and Export (TWh), 2000–2021

Table 19: Power Market, Turkey, Upcoming Interconnection Projects

Table 20: Abbreviations

Figures

List of Figures

Figure 1: Power Market, Turkey, Annual Generation Share by Technology, 2010–2035

Figure 2: Nuclear Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Figure 3: Power Market, Turkey, Country Summary

Figure 4: Power Market, Turkey, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, Turkey, Market Structure

Figure 6: Power Market, Turkey, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, Turkey, Deal Value and Number of Deals, 2010–2021

Figure 8: Power Market, Turkey, Deals by Type (%), 2021

Figure 9: Power Market, Turkey, Annual Power Consumption, 2010–2035

Figure 10: Power Market, Turkey, Power Consumption by Sector (%), 2021

Figure 11: Power Market, Turkey, Cumulative Capacity Share by Technology (%), 2021

Figure 12: Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, Turkey, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, Turkey, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Nuclear Power Market, Turkey, Cumulative Capacity and Annual Generation, 2010–2035

Figure 18: Renewable Power Market, Turkey, Cumulative Capacity, 2010–2035

Figure 19: Renewable Power Market, Turkey, Annual Generation, 2010–2035

Figure 20: Power Market, Turkey, Annual Electricity Import and Export, 2000–2021

Frequently asked questions

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