Türkiye is one of the global leaders in geothermal development. Thanks to the pioneering work of the General Directorate of Mineral Research and Exploration (MTA) and favorable government policies, geothermal electricity generation has grown from 30 MWe in 2008 to 1,665 MWe in 2022. Similarly, geothermal direct uses have almost doubled since 2015, reaching 5,113 MWt in 2022.
There is still much untapped geothermal potential in Türkiye. Mindful of this, the government has set ambitious targets for geothermal direct uses (11,150 MWt by 2025) and for electricity generation (4000 MWe). This would enable Türkiye to increase the use of national renewable resources and reduce energy imports.
However, challenges to the development of geothermal energy remain. Drilling for new wells is costly, and developing a new site takes years without a guarantee of success. Given that geothermal drilling is expensive and uncertain, developers are left with few sources of long-term finance at reasonable rates.
In order to discuss ways to overcome some of these challenges, the Türkiye Geothermal Conference (İzmir, 15-16 November 2022) will bring together key geothermal stakeholders, including government, national and international financial institutions, developers and equipment suppliers to share experiences and help mobilize the resources that will enable Türkiye to fulfill its geothermal potential.