LONDON
Wind and solar power generation has lowered Turkey’s import bills by preventing $7 billion of fossil fuel imports in the last 12 months, London-based Ember said in a report.class=”cf”>
In the following months, approximately $700 million in savings is expected each month if the gas price remains the same, the think-tank predicted.
“Like many countries, Turkey has recently suffered from soaring electricity prices. The monthly wholesale power price has risen by almost sixfold in a year, with fossil fuel prices playing a significant role,” it said.
Wind and solar power plants generated 46.3 terawatt-hours (TWh) of electricity between May 2021 and April 2022, according to the report.
“Without these power plants, underutilized gas-fired plants or coal power plants relying on imports would have had to run in order to compensate for them. Assuming…