Turkey plans to allocate about $200 billion toward expanding electrification infrastructure and developing wind, solar and nuclear power as part of its 2035 energy targets, according to a report prepared by the Presidency's Investment and Finance Office and energy consultancy APLUS on September 1.

The country aims to increase combined wind and solar installed capacity to 120 GW by 2035, requiring annual additions of 8 to 9 GW, the report said, citing Energy Ministry projections. Around $80 billion of the total financing is expected to go toward grid modernization, transmission and distribution infrastructure and system flexibility.

The report identified battery storage and electric vehicle charging infrastructure as emerging investment areas, with EV numbers potentially reaching 7 million by 2035 under a high-growth scenario. Renewable projects integrated with storage and the YEKA offshore wind initiative, Turkey's first offshore wind program, are also highlighted as key opportunities.

The study covers seven technology areas: wind, solar, battery storage, hydropower, geothermal, biomass and green hydrogen. Investment and Finance Office President Ahmet Burak Daglioglu said rapid growth in renewables, grid modernization, storage and domestic manufacturing offer significant opportunities, and that the roadmap aims to mobilize international capital and technology for the country's 2053 net-zero target.