27 Dec '13, 5am

Renewable Year-end Focus: Turkey

Here is the firm’s assessment of Turkey: Keen to go green. It seems that political unrest earlier in the year and challenging macroeconomic conditions have done little to dampen interest in Turkey’s renewables sector, which is continuing to gain momentum as Government support grows and project activity picks up. Its ideal geographic location vetween flailing Europe, a burgeoning Middle East and an aggressively expanding Asia is also helping to position Turkey as a serious contender in the renewables race. Electricity price challenges FITs. The government remains committed to its 2009 pledge to generate 30 percent of power from renewables by 2023, up from less than 10 percent currently, requiring around 20 GW of renewable capacity over the next decade. The introduction of FITs in 2011 helped to create a large project pipeline, but the interesting dynamics of Turkey’s power ...

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

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