Turkey Expands Energy Cooperation with African Nations

Turkey is increasing its energy cooperation with African countries through a new renewable energy deal with Gambia, demonstrating its commitment to a mutually beneficial partnership. The agreement marks a significant step towards developing joint projects in hydroelectric, solar, and wind power plants. Turkey will share its expertise and knowledge in electricity generation, transmission, and distribution, energy conservation, and energy efficiency.

Key Takeaways:

• Turkey has signed energy and mining cooperation agreements with nearly 20 African countries, reflecting its Africa Partnership Policy.
• The Turkish government has implemented significant reforms in its energy markets over the last 23 years, attracting over $100 billion in investments in energy generation markets.
• Turkey and Africa share a common vision to build an independent energy future together, with a focus on developing joint projects, strengthening institutional partnership, and facilitating investment and trade.
• Turkey has taken an increasingly active role in Africa's energy and mining sectors, signing strategic cooperation agreements with numerous African countries.
• The partnership aims to leverage Turkish expertise, technology, and investment capacity to support joint energy projects, with concrete initiatives already launched and collaboration progressing swiftly on multiple fronts.

Statistics:

• $100 billion: The amount of investments Turkey has attracted in its energy generation markets over the last 23 years.
• 20: The number of African countries with which Turkey has signed energy and mining cooperation agreements.
• 23 years: The time period during which Turkey has implemented significant reforms in its energy markets under the leadership of President Recep Tayyip Erdogan.
• 5th: The edition of the Turkey-Africa Business and Economic Forum, where the agreement was announced.

Sources:

• Turkish Energy and Natural Resources Ministry
• Global Data Point (2022)