Türkiye Needs at Least $80 Billion for Electricity Infrastructure by 2035

Türkiye will need at least $80 billion in electricity infrastructure investment through 2035, Energy and Natural Resources Minister Alparslan Bayraktar said at the Istanbul Climate Finance Summit.

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Public finance alone will not be sufficient.

Bayraktar argued that public finance alone cannot meet the needs of emerging economies as countries seek to rethink, redesign and strengthen their electricity systems. Türkiye, he said, needs access to affordable, long-term climate finance.

“We need to mobilize private capital, international financial institutions, development banks and long-term institutional investors,” Bayraktar said, as quoted by Anadolu Agency. He said financing mechanisms must reduce risk and lower the cost of capital.

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We need to mobilize private capital, international financial institutions, development banks and long-term institutional investors.

Those mechanisms should also make investment in clean energy and climate-resilient infrastructure commercially attractive, he said. “For emerging economies like Türkiye, especially for these economies in particular, access to affordable and long-term climate finance is essential.”

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For emerging economies like Türkiye, especially for these economies in particular, access to affordable and long-term climate finance is essential.