Oil, coal, and natural gas prices have soared in the international markets, directly affecting all fields of the economy as energy is the main input for all business branches and a cost item that should be well-managed. The delayed demand has started to affect the global economy more quickly than expected with vaccination becoming widespread,...
A possible reverse capital control ahead
What matters on Wednesday, March 29
What matters on Tuesday, March 28
What matters on Monday, March 27
Central Banks keeps interest rate steady at 8.5%
The message from Russia: ‘I am in the Middle East too’
What matters on Thursday, March 23
The post-earthquake needs analysis
What matters on Wednesday, March 22
World automotive sector influenced by semiconductors (chip sector) demand
The highest monthly CAD in the history of the republic
What matters on Tuesday, March 21
What matters on Monday, March 20
Dollar lost its savings instrument edge
Quake-hit cities to get investment support
15% of earthquake victim voters migrated
What matters on Tuesday, March 14
A law specific to Istanbul is a must: Mayor of Istanbul
Share of compensation of employees in the GVA hits a 25-year low
Aydem to make 1000 MW investment, including hybrid
Turkey has reached a critical point in its journey to renewable energy, scoring new highs in hydroelectricity and solar investments, with the trend continuing on. Upward trajectory, according to Ceyhan Saldanli, Chairman of the Board of Directors of Aydem Enerji. “There is also government support. However, renewable energy needs to be further strengthened. You don’t...
Aydem to make 1,000 MW investment, including hybrid
Turkey has reached a critical point in its journey to renewable energy, scoring new highs in hydroelectricity and solar investments, with the trend continuing on. Upward trajectory, according to Ceyhan Saldanli, CEO of Aydem Enerji. “There is also government support. However, renewable energy needs to be further strengthened. You don’t leave waste when you generate...
Turkey’s energy bill to surge as prices increase globally
Natural gas, subject to the whims of the oil market, is the dominant product in Turkey’s energy mix, playing a key role in electricity generation. Natural gas combined cycle power plants (CCPPs) with more than a quarter share in the country’s installed electricity power, are central to the management of electricity supply and demand as...
Carbon tax force companies to buy WPPs: ENSIA
Turkey, which has struggled with a dependency on foreign energy for years, is beginning to improve its prospects, albeit slowly. A natural gas discovery in the Western Black Sea has raised hopes that the country might reduce foreign dependency, while the amount of local and renewable resources has increased domestic electricity generation. •n the one...
Electricity capacity should be increased: Turcas COO
Operating in five different sectors, Aksoy Holding is among the leading actors in Turkey’s energy sector. Arkin Akbay, Chief Operating Officer at Aksoy Holding and its subsidiary, Turcas Petrol, evaluated the developments in the energy sector and the group’s activities in this area. Turkey ranks low among OECD countries in terms of electricity consumption per...
Standard becomes inevitable for the local energy equipment
Turkey is continuing its efforts to decrease its dependence on imported energy with ongoing exploration in natural gas and oil, both on land and in the sea. Coal reserves have also increased with mining activities out over the last 15 years. Moreover, the impact of incentives provided for wind, solar, geothermal and biomass for new...
Power goes out as electricity prices hit cap
Turkey has entered August with forest fires. Along with news of the blazes, there were also reports of power cuts on the first business day of the month. Many people thought there might be a link between the cuts and the wildfires, but there wasn’t. Then, the Ministry of Energy and Natural Resources, as well...
GPPs exempt from load dumping
The Turkish Electricity Transmission Corporation (TEIAS) has stopped giving load dumping (YAT) instructions, meaning pausing electricity generation, to geothermal power plants (GPPs), which have the priority to enter the network because they generate power from local and renewable resources. GPP operators had been astonished by stoppage orders, particularly during the summer months when consumption spikes...
‘Biogas has fourfold potential’
After installing the first private sector power station in Turkey, Topkapi Endustri is a pioneer in the biogas sector, making tits mark in renewable energy. The company has built cogeneration plants for manufacturing facilities since its foundation in 1985. Topkapi Endustri accounts for 50% of the energy generated by biomass power plants and 75% of...