It is possible for Türkiye to meet half of its energy needs from renewable energy resources for around the same cost as its current coal-focused energy strategy, according to a new report.
The study shows that an alternative approach, based on building up generation capacity in renewables, could be achieved at comparable costs, while also benefiting Türkiye’s environment and reducing its dependence on fossil fuel imports.
According to the report, the cost of Türkiye’s existing energy strategy that prioritizes hard coal and local lignite production would be around the same, approximately $400 billion, as a renewable energy-based alternative by 2030.
The expected decline in wind and solar power energy costs in the next 15 years will make this possible.
“The results could mean the end of the most popular legend about renewable energy; the belief that renewable energy is an expensive and unattainable alternative”