Description

Turkey’s power generation sector is witnessing a construction boom in all sectors: coal- and gas- based and renewables. Demand is expected to grow and a looming power shortage may become a reality if new investment is delayed. With many new market entrants, Frost & Sullivan expects a wave of consolidation because financing for new projects may become challenging as banks apply more stringent criteria. Fossil-fuel based generation will retain dominant market share. Renewable energy, especially wind and hydro power, will see a period of continued growth following government targets and support.