26 Nov '13, 3pm

Navigating New Developments in Turkey’s Growing Renewable Energy Market

In order to meet the challenges posed by Yildiz’s lofty pronouncement, the body of law governing Turkey’s energy marketplace must change. New legislation has introduced incentives for companies involved in the renewable energy sector, most notably in solar energy and biomass power plants investments, with a 13.3 cent subsidy per kilowatt-hour (kWh). Since Yidiz's declaration, Turkey has licensed 15,000 MW of approximately 40,000 MW total of onshore wind power capacity. In March, a new law regulating the Turkish electricity market was enacted, the highly anticipated new Petroleum Law came into force in May, and new set of regulations governing Turkey’s natural gas market is currently being prepared, for submission before the end of the year. Whilst these laws directly pertain to the administration of traditional forms of energy, each has an individual set of implications fo...

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

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