Author: Arnes Biogradlija

The current account deficit is clearly one of Turkey’s most pressing and urgent issues. Energy is the largest component of the current account deficit. Ankara, which has explored a variety of options to lessen energy reliance on foreign sources, has recently come to the fore with its efforts in the sector of renewable energy.

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Public Enterprise Minister Hisham Tawfik said in an interview that authorities are in communication with three possible partners as they look for a partner for El Nasr Automotive Manufacturing Co. on the project, which would see 2 billion pounds ($127 million) spent. Production is expected to begin in 2023, with a three-year ramp-up to 20,000 units per year.

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Almost 80% of the hydrogen in use today is classified as “gray,” meaning it is derived from natural gas. Making it “blue” necessitates the construction of infrastructure to absorb the greenhouse gases released during the process.

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