Turkey to invest $20 bln in renewable energy in 5 years

Turkish energy minister said on Saturday Turkey would make investments worth 20 billion U.S. dollars in the renewable energy within five years.

Energy and Natural Resources Minister Taner Yildiz attended a meeting in central province of Kayseri.
Replying to questions of reporters, Yildiz said that they had talks with officials from Islamic Development Bank and bank officials said they could provide loans for energy investments in Turkey.

"We held talks with countries in the south of Mediterranean region on investments in the sector of energy. Other countries proposed that Turkey should plan investments to be made in the region," he said.

Yildiz said, "Turkey will make investments of 20 billion U.S. dollars in the renewable energy area within five years. The loans that will be granted by Islamic Development Bank will be of great importance."