International investors paying special attention to the renewable energy sector in Turkey

ANKARA

Amelia U. Santos-Paulino, head of the investment research section at the United Nations Trade and Development Division (UNCTAD) on investment and entrepreneurship, says Turkey’s wealth of renewable resources, combined with its economic diversification, has become a magnet for foreign investment in renewable energy sources . .

In an exclusive interview with Anadolu during the Global Investment Days organized on Wednesday by the International Association of Investors in Türkiye (YASED), Santos-Paulino touted the renewable energy sector that has developed in recent years in the country and which offers existing infrastructure, services and a lucrative investment market, that can support economic growth and further financial investment.

She said that since the country’s renewable energy market is already developed, it could attract significant investment in this area in the future.

“It is very good to see that Türkiye has started to become an important investor and take an important position in attracting investors, which also shows the maturity that its economy has achieved,” she said.

According to Santos-Paulino, although managing energy projects is much more difficult than managing a traditional manufacturing plant, given the significant upfront costs and pre-investment planning required, they bring better returns on investment and job creation in the sector.

The policy of the Central Bank of Turkey sends a positive signal to investors

During a period of deterioration in the global investment climate, the macroeconomic measures implemented by the Central Bank of the Republic of Turkey have sent encouraging signals regarding the country’s economic diversification.

Taking into account that countries considered developing or underdeveloped lag behind other developed countries, particularly in terms of sustainable development, she advised that, despite the current global economic climate characterized by numerous crises, conditions should be created in which these countries will also be able to take advantage of the opportunities.

She recommended that underdeveloped countries should be able to benefit from such sustainable investments aimed at promoting sustainable development in various sectors of society, including environmental protection, social equality and economic development.

Türkiye may attract more investors

Santos-Paulino cited stability as a key fundamental economic indicator to stimulate foreign direct investment (FDI).

Based on this assumption, other critical factors will be the extent to which a country’s policies are consistent with internationally recognized goals such as the Paris Climate Agreement, sectoral policies and sustained adherence to these policies.

Transparency is also crucial to the attractiveness of FDI and therefore praised the mandate of YASED, which plays a key role in attracting investors to the sector.

“Ultimately, investors look at three things. Coming back to the investments, institutional framework and facilities that will operate in the country. Türkiye has advantages in these areas compared to other emerging markets. So, if the country continues to present itself as such, it can leverage its potential to attract more investments in this sector in the country.” she said.

The Anadolu Agency website contains only a portion of the news offered to AA News Broadcasting System (HAS) subscribers and in summary form. Contact us about subscription options.