Cengiz Energy (Cengiz Holding Energy Group), one of Turkey’s leading electricity producers with an installed capacity of 4.85 GW, is intensifying its commitment to renewable energy. The company aims to increase the share of renewables in its energy portfolio from 60% to 80% within the next five years, according to Ahmet Cengiz, President of Cengiz Energy. The company’s current renewable capacity stands at 2.86 GW, primarily from solar, wind, and hydroelectric plants. With ongoing photovoltaic and wind farm projects, the company plans to reach 3.9 GW in renewable capacity.
Expansion Plans in the Balkans and Turkic Countries
Cengiz Energy’s ambitions extend beyond Turkey’s borders. The company is exploring investment opportunities in the Balkans and other Turkic countries in Asia, reflecting its broader expansion strategy. In Uzbekistan, Cengiz Energy already operates two gas-fired power plants in Tashkent and Sirdaryo and is developing a third plant in Jizzakh.
Growing Customer Base and Hybrid Energy Investments
The company is not only a major electricity producer but also a key player in power sales and distribution. Serving over 10 million customers across 13 cities in four regions, Cengiz Energy continues to expand its footprint. The firm is also pioneering hybrid energy solutions in Turkey, combining solar power plants with wind turbines to create more efficient energy systems.
Cengiz Energy is currently increasing the number of its hybrid power plants, particularly with ongoing projects in Polatlı, Keşan, Kırklareli, and Antalya. The company has also applied for permits to establish energy storage facilities in these locations, anticipating that its total installed capacity will surpass 5,800 MW in the medium term.
Aligning with Global Trends and Regulatory Support
As global demand for green energy continues to rise, Cengiz Energy is positioning itself to meet this need. The company’s strategic shift toward renewables is supported by Turkey’s regulatory framework, which increasingly favors renewable energy investments. Cengiz also highlighted the growing importance of energy storage to stabilize the electricity grid, a sector that has seen significant interest in recent years.
In addition, offshore investments are becoming a hot topic within Turkey’s energy sector, and Cengiz Energy is closely monitoring opportunities in this area.
Conclusion
Cengiz Energy’s drive to boost its renewable energy portfolio and its expansion into the Balkans and other regions demonstrate the company’s commitment to sustainable growth. With ambitious targets and ongoing investments in both hybrid and renewable energy projects, Cengiz Energy is well-positioned to play a crucial role in the future of the energy sector, both in Turkey and beyond.
