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Turkey aims to electrify 35% of its economy by 2035 with a $500 billion plan

FinanceInternationalDiario del SurAI summary
Image: Diario del Sur

Turkey presented the "35 by 35" plan to raise electricity's share of its final energy consumption to 35% by 2035, within the framework of COP31 being held in Antalya. Energy Minister Alparslan Bayraktar presented a roadmap worth about $500 billion that includes quadrupling wind and solar capacity to 175 gigawatts. Environmental organizations question the initiative because about a third of the country's electricity comes from coal and there is no date to phase it out.

In 40 seconds

  • The "35 by 35" plan aims for electricity to account for 35% of Turkey's final energy consumption in 2035
  • The roadmap is valued at about $500 billion and foresees quadrupling wind and solar capacity to 175 gigawatts
  • About a third of Turkey's electricity comes from coal and the country has not set a phase-out date
Read the full story at Diario del Sur

IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.

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