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IBRD grants €7.9 million to Turkey for offshore wind energy

IBRD grants €7.9 million to Turkey for offshore wind energy

The International Bank for Reconstruction and Development (IBRD) will provide 7.9 million euros in grant funding to Turkey for offshore wind power plant site development.

The relevant international agreement was published in the Official Gazette.

Accordingly, the agreement aims to help Turkey develop its investment potential for offshore wind power generation by eliminating risks and strengthening institutional capacities at selected sites.

IBRD, as the administrator of the EU Instrument for Pre-Accession Assistance Trust Fund, will provide €7.9 million in grant funding to Turkey for wind power plant site development.

The grant will be used for environmental and social constraint analysis, technical, legal and economic analysis and capacity building for offshore wind power plant site development. The closing date of the grant was set as May 31, 2025.

The preliminary protocol of the European Union Instrument for Pre-Accession Assistance (IPA) Energy Sector Program Phase IV – Supporting Seabase Wind Energy Project was signed on August 28, 2023.

In the “Roadmap for Offshore Wind Energy Development for Turkey” report, it was announced that Turkey has 54 gigawatts of offshore wind energy installation potential.

The highest potential for floating power plants is predicted to be in the Marmara Sea. There is a potential for 19.2 gigawatts of floating and 2.8 gigawatts of fixed-based offshore wind power plant installations in the Marmara Sea. In the Black Sea, 13.9 gigawatts of potential for floating installations and 1.3 gigawatts of potential for fixed-based installations have been identified, while 7.5 gigawatts of floating and 1.6 gigawatts of fixed-based installations can be realized in Çanakkale and 2.8 gigawatts of floating and 1 gigawatt of fixed-based installations can be realized in Ayvalık. It is projected that a total of 54 gigawatts of offshore WPP with a total capacity of 54 gigawatts can be installed in Turkey, 47 gigawatts floating and 7 gigawatts fixed.

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