Sector News
World adds record new renewable energy capacity in 2020

Despite COVID-19 pandemic, more than 260GW of renewable energy capacity added globally in 2020, beating previous record by almost 50%.
Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic. According to data released today by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding expansion in 2019 by close to 50 per cent.
IRENA’s annual Renewable Capacity Statistics 2021 shows that renewable energy’s share of all new generating capacity rose considerably for the second year in a row. More than 80 per cent of all new electricity capacity added last year was renewable, with solar and wind accounting for 91 per cent of new renewables.
Renewables’ rising share of the total is partly attributable to net decommissioning of fossil fuel power generation in Europe, North America and for the first time across Eurasia (Armenia, Azerbaijan, Georgia, Russian Federation and Turkey). Total fossil fuel additions fell to 60 GW in 2020 from 64 GW the previous year highlighting a continued downward trend of fossil fuel expansion.
“These numbers tell a remarkable story of resilience and hope. Despite the challenges and the uncertainty of 2020, renewable energy emerged as a source of undeniable optimism for a better, more equitable, resilient, clean and just future,” said IRENA Director-General Francesco La Camera. “The great reset offered a moment of reflection and chance to align our trajectory with the path to inclusive prosperity, and there are signs we are grasping it.
“Despite the difficult period, as we predicted, 2020 marks the start of the decade of renewables,” continued Mr. La Camera. “Costs are falling, clean tech markets are growing and never before have the benefits of the energy transition been so clear. This trend is unstoppable, but as the review of our World Energy Transition Outlook highlights, there is a huge amount to be done. Our 1.5 degree outlook shows significant planned energy investments must be redirected to support the transition if we are to achieve 2050 goals. In this critical decade of action, the international community must look to this trend as a source of inspiration to go further,” he concluded.
The 10.3 per cent rise in installed capacity represents expansion that beats long-term trends of more modest growth year on year. At the end of 2020, global renewable generation capacity amounted to 2 799 GW with hydropower still accounting for the largest share (1 211 GW) although solar and wind are catching up fast. The two variable sources of renewables dominated capacity expansion in 2020 with 127 GW and 111 GW of new installations for solar and wind respectively.
China and the United States were the two outstanding growth markets from 2020. China, already the world’s largest market for renewables added 136 GW last year with the bulk coming from 72 GW of wind and 49 GW of solar. The United States installed 29 GW of renewables last year, nearly 80 per cent more than in 2019, including 15 GW of solar and around 14 GW of wind. Africa continued to expand steadily with an increase of 2.6 GW, slightly more than in 2019, while Oceania remained the fastest growing region (+18.4%), although its share of global capacity is small and almost all expansion occurred in Australia.
Highlights by technology:
- Hydropower: Growth in hydro recovered in 2020, with the commissioning of several large projects delayed in 2019. China added 12 GW of capacity, followed by Turkey with 2.5 GW.
- Wind energy: Wind expansion almost doubled in 2020 compared to 2019 (111 GW compared to 58 GW last year). China added 72 GW of new capacity, followed by the United States (14 GW). Ten other countries increased wind capacity by more than 1 GW in 2020. Offshore wind increased to reach around 5% of total wind capacity in 2020.
- Solar energy: Total solar capacity has now reached about the same level as wind capacity thanks largely to expansion in Asia (78 GW) in 2020. Major capacity increases in China (49 GW) and Viet Nam (11 GW). Japan also added over 5 GW and India and Republic of Korea both expanded solar capacity by more than 4 GW. The United States added 15 GW.
- Bioenergy: Net capacity expansion fell by half in 2020 (2.5 GW compared to 6.4 GW in 2019). Bioenergy capacity in China expanded by over 2 GW. Europe the only other region with significant expansion in 2020, adding 1.2 GW of bioenergy capacity, a similar to 2019.
- Geothermal energy: Very little capacity added in 2020. Turkey increased capacity by 99 MW and small expansions occurred in New Zealand, the United States and Italy.
- Off-grid electricity: Off-grid capacity grew by 365 MW in 2020 (2%) to reach 10.6 GW. Solar expanded by 250 MW to reach 4.3 GW and hydro remained almost unchanged at about 1.8 GW.
Sector News
Two experienced figures in wind energy join forces for a strategic collaboration

Two experienced professionals in Türkiye’s wind energy sector are taking their long-standing relationship to the next level through a strategic collaboration. Alper Kalaycı, Co-Founder of EnconIQ Energy Consultancy Ltd., and Levent İshak, Co-Founder of Lewind Energy Consultancy Ltd., will collaborate to develop new projects and improve the performance of existing wind power plants.
Kalaycı and İshak, whose friendship dates back to their studies at Dokuz Eylül University’s Department of Mechanical Engineering in 1991, are carrying nearly 35 years of shared experience into this new partnership. Both have been actively involved in the wind energy sector since 1998 and aim to further leverage their accumulated expertise through this collaboration.
By combining their complementary capabilities, the two will work together on both the development of new investments and the enhancement of operational efficiency in existing wind power plants.

Türkiye’s targets provide momentum for the sector
Commenting on the collaboration, Alper Kalaycı highlighted Türkiye’s energy transition:
“In line with our country’s 2035 targets, we need to increase our current wind installed capacity by approximately three times. This clearly demonstrates the strong growth potential of our sector. In the coming period, significant opportunities are expected both in new investments and in local manufacturing. With this collaboration, we aim to make more effective use of these opportunities.”
Operation and maintenance play a critical role
Levent İshak emphasized the importance of the operational phase:
“One of the most significant cost components in wind energy projects is operation and maintenance. Structuring these processes correctly from the outset, designing contracts accordingly, properly identifying risks, and managing them effectively are of great importance. Ensuring that this structure is implemented correctly during operation is critical for long-term performance. With this collaboration, we aim to create value both in structuring long-term contracts for new projects and in improving the performance of existing power plants.”
Complementary expertise, shared vision
The collaboration brings together Alper Kalaycı’s experience in manufacturing, localization, and project development with Levent İshak’s expertise in turbine supply, maintenance, service, and operations, aiming to create a strong synergy within the sector.
Sector News
ENERCON and POLAT Enerji strengthen their long-standing partnership

ENERCON will supply wind turbine technology for another major project in Türkiye. For the “Balıkesir 1” wind farm in the northwest of the country, operator Polat Enerji has ordered 23 wind turbines of ENERCON’s new flagship model, the E-175 EP5 E2. The supply contract was signed on 27 April in Istanbul. With a total capacity of 161 MW, the wind farm is part of the YEKA 5 tender, for which Polat Enerji recently received the award from the Turkish Ministry of Energy.
“We have enjoyed a long-standing and close cooperation with Polat Enerji in the expansion of wind energy in Türkiye,” said Udo Bauer, CEO of ENERCON. “With ‘Balıkesir 1’, we will have jointly realised more than 1 gigawatt of installed capacity in Türkiye. We intend to continue this partnership for the energy transition together in the future. We are very pleased to implement the ‘Balıkesir 1’ project together using our new E-175 EP5 E2 turbine model.”
“Our journey began a quarter-century ago with an early and firm belief in Türkiye’s renewable energy potential,” said Evren Güvenç, CEO of Polat Enerji. “Today, Polat Enerji has evolved into a strategic player managing high-scale investments across Türkiye and Europe. The Balıkesir 1 project, secured through the YEKA tenders, is a testament to our continuous growth; for us, leadership is defined by more than just increasing installed capacity. We measure our progress not only by power output but by our optimisation capabilities and system flexibility. By leveraging our end-to-end expertise – from investment to operation – we are reinforcing our position as a pioneering actor shaping the transformation of the entire energy landscape.”
The E-175 EP5 E2 is ENERCON’s new top model. With a rated power of 7.0 MW and a rotor diameter of 175 metres, it is one of the most powerful onshore wind turbines in Europe in terms of energy yield. The E-175 EP5 E2 is also a central pillar of the company’s market strategy and forms the basis of the solution portfolio with which ENERCON supports its customers.
The supply agreement for the “Balıkesir 1” wind farm marks another milestone in the market launch of the E-175 EP5 E2 in Türkiye. The country is an important international strategic target market for ENERCON. To supply Turkish wind farm projects with the new E-175 EP5 E2, ENERCON will continue its proven localisation strategy with long-standing Turkish production partners and will also manufacture selected main components of the new top model in the country in the future.

“This allows us to meet the local content requirements of the Turkish tender system,” said Arif Günyar, Regional Head of the Central Asia / Middle East / Africa (CAMEA) region. “We are fully committed to the Turkish market and to the energy transition in Türkiye. We look forward to opening a new chapter of cooperation with Polat Enerji as well as with other Turkish customers and interested parties.”
Construction of the “Balıkesir 1” wind farm is scheduled to begin in September 2027, with commissioning expected by the end of December 2027. A total of 23 wind turbines will be installed on steel towers.
Sector News
Mature Capital Provided Advisory Services for the Gülle Wind Power Plant Project

Gülle Entegre Tekstil İşletmeleri, one of Türkiye’s leading integrated yarn and fabric manufacturers with 55 years of experience, has signed a wind turbine supply and service agreement with Goldwind for the Gülle Wind Power Plant (WPP) Project. The project aims to meet the energy consumption of its production facilities located in Ergene, Tekirdağ.
According to the agreement, the project, located in the Ergene district of Tekirdağ, will utilize Goldwind’s GW155-4.8MW turbine model, featuring a hub height of 110 meters, a capacity of 4.8 MW, and a rotor diameter of 155 meters. The agreement also includes a 10-year full-service package covering maintenance and availability services.
The Gülle WPP Project is planned to be commissioned in December 2026. Upon completion, the plant is expected to reach an annual electricity generation capacity of approximately 16 million kWh.
Mature Capital has provided two-phase advisory services to Gülle Entegre Tekstil from the initial concept stage of the investment. In the first phase, project development, advisory services included the preparation of economic and technical feasibility studies in line with current investment conditions, as well as strategic and procedural guidance on regulatory and permitting processes (such as EPDK, EIA, zoning, and grid connection procedures).
In the second phase, once the project reached a certain level of maturity in terms of permits, Mature Capital provided advisory services for wind turbine selection, final supplier decision-making, and the negotiation of turbine supply and service agreements.

Habib Babacan, General Manager of Mature Capital
Commenting on the agreement, Habib Babacan, General Manager of Mature Capital, stated:
“We are very pleased to see the outcome of our efforts and work materialize with this important agreement, which marks the realization of our approximately three-year collaboration with our investor, Gülle Entegre Tekstil.
We would like to thank the Goldwind Türkiye team for their cooperation and support during the contract phase, and our investor Gülle Entegre Tekstil for their trust in Mature Capital. We wish the Gülle WPP Project to be beneficial for both parties.”
About Mature Capital
Since 2022, Mature Capital has been exclusively focused on the wind energy sector, providing advisory services to investors in the areas of business development, project development, strategy formulation, and project transfer (M&A) for wind power projects.
In its fourth year of operation, the company has continued to expand its activities and has successfully completed 18 advisory projects with 15 different investor groups since its establishment.
Mature Capital will continue to provide high-quality and reliable services to wind energy investors in Türkiye.
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