Turkey unveils $108B renewables plan, targets 120 GW wind/solar by 2035

Turkey announced a $108 billion investment plan to reach 120 GW of combined wind and solar capacity by 2035, while simultaneously expanding oil and gas supply and positioning itself as a regional gas hub for Europe. The dual-track strategy reflects Turkey's effort to balance energy security with long-term decarbonization, but the scale of investment and financing details remain uncertain. This matters because Turkey's energy policy could influence European gas supply dynamics and regional renewable energy investment flows.