Wind energy in Turkey: No risk for institutional investors

Kahramanmaras, Turkey - Turkey wants to make the best use of renewable energy sources, according to the Turkish project developer proWIND Alternatif Enerji.

Turkey continues to be a huge growth market for wind energy. With more than 7000 km of coastline, Turkey has enormous potential for wind energy. Excellent wind conditions and large real estate area offer the best conditions for the use of wind power which has become a lucrative alternative to the conventional power generation.

By 2023, Turkey is planning to meet 30 percent of its electricity demand from renewable energies and by 2019 10,000 MW of installed capacity through wind energy. At the moment, wind turbines with an output of 4,430 MW are in operation. The expansion of wind energy and solar energy is mainly planned for this purpose.

Any and all production of electricity must be licensed by the regulatory authority "EMRA", which is licensed and regulated by governmental regulations. The licenses can be issued for a maximum of 49 years. Since liberalization of the energy market, the framework conditions for wind energy projects in Turkey have improved significantly. The minimum tariff for wind turbine installations is 7.3 US cents per kilowatt hour and is guaranteed for a period of 10 years.

In addition, wind turbine applications using components manufactured in the country are compensated with an additional bonus of 0.6 to 3.7 cents / kWh. In addition, the state guarantees the reduction of the generated electricity from renewable energies. Energy utilities (RUs) must reduce all available electricity from renewable energy sources. Electricity distributors and transporters are obliged to connect renewable energies with priority to their respective electricity grid and to pass the electricity through. proWIND Alternatif Enerji offers self-developed wind energy projects in Turkey for institutional investors, without the risk of licensing.

Source: IWR Online, 16 Jan 2017