Mustafa Yılmaz, Chairman of the Energy Market Regulatory Authority (EMRA), stated that an investment of $20-25 billion is expected with the energy storage regulation accepted by the board last week.
Mustafa Yılmaz, President of the Energy Market Regulatory Authority (EMRA), answered his questions within the scope of the Turkish Wind Energy Congress 2022 (TUREK 2022), organized by the Turkish Wind Energy Association (TÜREB).
Stating that there is a separate excitement and motivation at the renewable energy sector meetings when the subject is solar and wind, Yilmaz said, “I believe that energy storage technologies will provide a new excitement, job area and employment opportunity not only for solar plant equipment manufacturers, but also for battery technology developers and manufacturers.”
Yilmaz stated that the issue of renewable energy is seen as the main topic on the agenda of the world today.
Pointing out that investments continue in Turkiye and that EMRA stands by the industry in good times and bad times, Yılmaz said:
“Let’s turn our backs to the wind. What our ancestors used to say; if you get the wind at your back, you won’t get tired. We will turn our faces to the sun. Producers are also traders, you have to be cautious traders. The legislation regarding the future of energy will be published (in the Official Gazette) in the coming days. We see the investment climate, this is a great opportunity. We think that it will attract many domestic and foreign investments. We will have a good place in the world. We see the battery investment as a great opportunity for Turkiye. Our battery is solid, our energy does not run out. We expect an investment of $20-25 billion with the energy storage regulation approved by the board last week.”
Source: Trthaber / Translated by Irem Yildiz