In October, Turkish energy minister Alparslan Bayraktar said Turkey will need to install 5GW of solar and wind capacity every year until 2035, as renewables have great potential to meet the 2035 target of ‘supplying reliable and affordable energy in an environmentally friendly manner’.
There are currently over 40GW of Chinese-made solar modules in storage across Europe with a cumulative value of around €7 billion (US$7.8 billion), according to data from research firm Rystad Energy.
In a recent study, Rystad Energy said Spain is on track to become the first of the top five European countries, including France, Germany, Italy and the UK, by power demand to generate more than half of its power from renewable sources.
It will be 10 times more expensive to operate gas-fired power plants in Europe than to build new Solar PV capacity in the coming years, according to research by Rystad Energy.