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Energy Transition is an Economic Imperative for Türkiye
01 Jul 2025A newly published analysis revealed that the 2035 Energy Plan and the 2053 Net Zero Strategy offer investors a $500 billion opportunity on Turkey's path to energy independence. Transformation focused on energy supply security, efficiency and carbon neutrality is an economic as well as environmental necessity for Türkiye.
The energy analysis published by Bain & Company Turkey provides data on Turkey's current energy balance and also reveals the strategic road map that the country should follow in the energy transformation process. According to the analysis, Türkiye should consider energy transformation not only as an environmental but also an economic necessity due to increasing energy demand and high external dependency. By 2023, approximately 75% of the country's primary energy supply is imported, leading to a foreign trade deficit of approximately $50 billion annually. This table clearly shows that energy transition is a key element for Turkey's economic development.
The transformation in energy-intensive sectors such as industry, transportation and housing aims not only to reduce carbon emissions, but also to reduce dependence on energy imports. While the industrial sector stands out as one of the largest areas of total energy consumption and carbon emissions, some sectors show significant differences in terms of energy intensity and resource distribution. For example, while 52% of energy use in the iron and steel sector is based on coal, the use of petroleum derivatives stands out in the cement sector. This situation makes it necessary to manage the transformation with customized strategies on a sectoral basis, rather than applying the same approach to all sectors.
According to the analysis, the "Green Scenario", which stands out in Turkey's 2050 projections, points to significant changes.
Investment Need of Approximately 500 Billion Dollars by 2053
Turkey's 2035 energy policy; It is built on four basic goals: energy security, independence, efficiency and carbon neutrality. Strategies for these goals reveal the need for investment of approximately 500 billion dollars by 2053. The distribution of investments by sectors is predicted as follows: 30% in housing transformation, 20% in electrical infrastructure, 15% in industry and 10% in transportation. With targets in areas such as battery storage systems, nuclear energy capacity, natural gas production and waste heat recovery, it shows that the transformation is based not only on plans but also on feasible investment steps.
On the technology front, R&D investments in areas such as green hydrogen play a critical role. According to the International Energy Agency (IEA) "Net Zero by 2050" report, a significant part of the expected emission reduction by 2050 will come from technologies that are still at the prototype stage. Turkey's early positioning in these areas will not only accelerate the transformation but also provide a competitive advantage on a global scale.
“Uniform Solution” Approach Is Insufficient
The heterogeneous structure of energy conversion; It reveals the necessity of sector-based, customized transformation strategies in sectors such as iron and steel, cement and chemistry. According to the analysis; Instead of a "uniform solution" approach, addressing sector-specific road maps, technological transition plans and infrastructure requirements together will provide advantages to investors in the long term. While battery electric vehicle (BEV) conversion is rapidly becoming widespread in transportation, electric production systems and biofuel applications in industry are progressing with pilot projects. In the residential and service sectors, heat pumps and efficiency measures are becoming standard. These roadmaps offer investors a clear vision not only for today, but also for 2030 and beyond.
Energy Conversion is a Strategic Investment Area
In light of all these developments, energy transformation is no longer just a promise of sustainability for investors; It has become a high-yield, predictable and strategic investment area. However, the complexity of this ecosystem; It requires that issues such as sector selection, value chain breakdown, company-based strategy development and organizational structure management be addressed simultaneously. According to the analysis, Turkey's transformation process points to a multidimensional and sustainable progress that is reflected not only in policy documents but also in the real investment environment.
According to the analysis, capital flows for energy transformation in Turkey are concentrated in five thematic areas: Production and grid equipment manufacturing, renewable energy project development and consolidation, transformation in electricity and natural gas distribution, petrochemical and battery value chain. In particular, the increase in domestic production of equipment such as cables, inverters and solar panels also creates important export opportunities. Turkey aims to move its position in automotive to energy storage technologies and plans to establish an integrated battery ecosystem with a production capacity of 5 GW by 2030. Türkiye not only sets ambitious targets in the energy transformation process; It offers an investment environment that has the capacity to attract capital, establish a solid infrastructure and develop technological competence to achieve these goals. According to Bain & Company Turkey, energy transformation is not only a sustainability commitment, but also a high-yield and dynamic investment area for today's investors.
Source: Climate News
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