Energy Market Regulatory Authority

Energy markets are becoming increasingly international as companies in developed economies look overseas for potential innovation testing beds. Meanwhile, up and coming countries may be vying just as much for the valuable opportunities to leverage technology and jobs investment from abroad.

With 8% economic growth in 2010 alone, and double digit growth in the first half of 2011–much of it in the manufacturing sector–Turkey’s electrical grid is stretched thin, members of the US Embassy in Turkey’s commercial service division told AOL Energy. To meet the projected 6-8% future increase in electricity demand, the Turkish government is planning to install smart grid projects and partner that with 30% clean generation capacity by 2023, said the embassy’s Energy Business Leader Serdar Cetinkaya. Keep reading →