TURKEY AS AN ENERGY HUB

Turkey has one of the fastest growing energy markets in the world. According to forecasts by Turkey’s Ministry of Energy and Natural Resources, demand will grow on average by 5.5% from 2014 to 2023. This growth requires new investments in electricity production, transmission and distribution. In addition to the construction of new plants, outdated power plants and networks must be replaced with modern technologies and adapted to current environmental standards and efficiency requirements.

To ensure energy supply, investments amounting to USD 120–130 billion must be made until 2023.

Turkey is becoming increasingly important, also with regard to European energy supply. The Oxford Institute for

Energy Studies confirms that Turkey has good opportunities to become an energy hub for the region. This was revealed in a study published in February 2014 about the Turkish energy market. According to the study, with the appropriate investments and reforms, the country can become not only a significant marketplace for the import and export of gas via pipeline but also an important trading centre for energy transactions on the spot market.

RENEWABLE ENERGY POLICY

In order to promote renewable energy generation, Turkish government has passed “renewable energy laws” in 2005.

Following incentives are introduced to support prospective renewable energy producer:

• Feed-in Tariffs

• Purchase Gurantee

• Connection Priority to the Grid

Prices for renewable energy Production

table

MGF-D PROJECTS IN THE ENERGY SECTOR

  • Adadagi hydropower 4.5 MW
  • Ankara solar power 14.65 MW
  • Bergama wind power 30 MW
  • Bingöl 1 hydropower 7,5 MW
  • Ankara solar power 16,12 MW
  • Söke solar power 5 MW
  • Yavuz hydropower 22,5 MW started operations in July 2010
  • Midilli hydropower 32,5 MW started operations in Dec 2012
  • Ilk Enerji 23,7 MW started operations July 2012
  • Eren hydropower 37,4 MW started operations in Feb 2016