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Türkiye has agreed to initiate discussions with the World Bank on a financing package worth up to $6 billion to strengthen the country’s electricity transmission infrastructure and support its growing renewable energy sector, Energy and Natural Resources Minister Alparslan Bayraktar announced on Monday.
The funding will be allocated to high-voltage electricity transmission investments, which are seen as critical for accommodating the surge in wind and solar power generation capacity.
Minister Alparslan Bayraktar announced the agreement following a meeting with Antonella Bassani, the World Bank’s Vice President for Europe and Central Asia.
Bayraktar said the financing will play a key role in reaching Türkiye’s 2035 renewable capacity goal, which envisions 120 gigawatts (GW) of installed wind and solar energy.
"This financing will be used in high-voltage electricity transmission investments as part of our goal to reach 120,000 megawatts of installed wind and solar capacity by 2035," he said.
He added that discussions also included possible cooperation in areas such as renewables, nuclear power, and natural gas.
Türkiye’s total installed electricity generation capacity reached 121,084 megawatts (MW) as of October 2025, according to data from the Turkish Electricity Transmission Corporation (TEIAS).
Renewable energy sources, including hydro, solar, wind, and others, accounted for 74,686 MW—approximately 61.7% of the country’s total.
Solar power contributed 24,371 MW, while wind energy installations rose to 14,152 MW. Together, wind and solar represented 31.8% of total capacity.
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