25 Oct '13, 9am

Why Should Investors Choose the Turkish Solar Market?

What might be the drivers of that huge demand? How is it possible to have a feasible project with a feed-in-tariff of 133 USD/MWh? Let's draw the big picture: Electricity demand in Turkey is growing at an annual rate of almost 8 percent and currently the country is highly dependent on fossil-based imports to meet its increasing energy needs. We can mention that renewable energy, particularly solar, has much more significance than simply as an energy source, mostly it equals to energy independence in Turkey. Energy demand is of course related to increasing GDP but the country succeeds to keep its momentum going. Under the terms of the new law, projects which are operational by the end of December 2015 may benefit from the support mechanism for a period of 10 years, starting from the date of operation. The license is issued for 49 years. In order to allocate the capacity, al...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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