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Green hydrogen could play a role in closing Türkiye's current account deficit

Yusuf Günay, President of the Green Hydrogen Producers Association (H2DER), stated that green hydrogen exports can contribute to closing Türkiye's current account deficit and added: “It is possible for Türkiye to achieve significant gains in this field by exporting green hydrogen to Europe in the short and medium term.”

Green hydrogen could play a role in closing Türkiye's current account deficit

Günay, who came to Bursa for the Uludağ Energy Summit, emphasized that Türkiye is a country with strong targets in the field of renewable energy. Pointing out that strategic plans to quadruple the current capacity in the next 10 years are of critical importance, Günay stated that new power plant capacity equal to Japan's electricity consumption should be commissioned every year worldwide.

“Last year, 85% of the installed capacity commissioned worldwide was composed of renewable energy. In Türkiye, this rate is 98%. Most of these systems are based on solar energy,” stated Günay, pointing out that the sun is an unlimited and free resource, and that bringing this potential into the system provides great advantages.

Yusuf Günay added that the development of battery technologies is essential for more efficient use of renewable resources.

Installed capacity exceeded 34 thousand megawatts

Reminding that Türkiye's total installed capacity was 30 thousand megawatts in 2001 when the Energy Market Regulatory Authority (EMRA) was established, Günay stated that today, the installed capacity based on wind and solar energy alone has exceeded 34 thousand megawatts. Pointing out that all of these investments were realized by the private sector, Günay noted, “At the beginning, there were hesitations about whether the private sector could make these investments. However, at the point reached today, investors have proven themselves.”

Stating that public institutions should remain in a regulatory and supervisory role, Günay noted that ensuring free market conditions paves the way for investments and enables more efficient use of resources.

“Türkiye is the largest panel producer in Europe”

Stating that Türkiye has reached an important position in renewable energy technologies, Günay stated that incentives for the domestic industry have yielded effective results, he added “Türkiye is the largest panel producer in Europe. Cell production is also increasing. These developments will enable Türkiye to earn significant revenues in panel exports,”

Reminding that the lack of oil and natural gas was a problem in Türkiye's energy policy for many years, Günay stated, “With the rising trend of wind and solar, Türkiye is turning this disadvantage into an advantage. We will make great gains in these areas in a short time,”.

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