Turkey has a high potential for renewable energy resources, notably in solar, wind and geothermal. According to the Ministry of Energy and Natural Recourses, the total amount of investments required to meet the energy demand in Turkey by 2023 is estimated to be around USD 110 billion, more than double the total amount invested in the last decade. Turkey’s energy policies and strategies are based on energy supply security, alternative energy resources, diversity of energy resources, utilization of domestic energy resources to create additional value to economy, liberalization of energy markets, and energy efficiency. Due to this perspective, special emphasis has been made to maximum utilization of local and renewable energy resources as highest priority. The next phase of renewable energy growth will require regulatory and administrative changes if Turkey wishes to use its full potential and accelerate the deployment in support of climate goals up to 2030.
The energy demand of Turkey was doubled between the years 2000–2010 and is expected to fourfold between the years 2000–2025. This rapid increase in demand is due to the high economic development rate of Turkey. The biggest growth area in recent years has been natural gas imported from Russia and Iran. In 1995, 20% of Turkey’s electricity needs were generated from natural gas. Today in 2016, that has increased to 44%. It is a dependence that the Turkish government would like to diminish. Turkey is able to meet only around 26 % of its total energy demand from its own domestic resources. There are plans for investment in wind power, nuclear power and an extra of hydropower.
The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, nuclear sources, and connecting to the European power infrastructure.
- Snapshot of the country’s renewable power sector across parameters - country overview, current power and renewable power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
- Statistics for cumulative and annual installed renewable power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of renewable power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable and nuclear
- Data on key issues witnessed in the Turkish renewable power sector.
- Information on future plans and strategies to meet increasing power demand.
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s renewable power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development opportunities
1.1 Research Methodology
2 EXECUTIVE SUMMARY
3 TURKEY RENEWABLE POWER MARKET IN 2017
3.1 Country Overview
3.2 Current Status of Renewable Power Market in Turkey
3.2.6 Tidal and Wave
3.3 Key Issues
3.4 Investment Trends and Development Roadmap to Meat Increasing Power Demand
3.5 Cumulative (CAGR) Installed Renewable Power Capacity and Revenue
3.6 Annual Installed Renewable Power Capacity and Revenue
3.7 Support Schemes
4 CONCLUSIONS AND RECOMMENDATIONS
5 LIST OF ABBREVIATIONS
Chart 1: Share of Renewable Power (Solar, Wind, Biomass, Hydro and Geothermal) from Total Installed Power Generation Capacity in Turkey in 2016
Chart 2: Turkey Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 3: Turkey Power Generation Capacity Breakdown by Source (Fuel) Type in 2016 (incl. Renewables)
Chart 4: Structure of Electricity Power Market in Turkey
Chart 5: Cumulative (CAGR) Installed Renewable Power Capacity (Solar, Wind, Biomass, Hydro and Geothermal) in Turkey (in MW) 2012 ÷ 2017, including forecast
Chart 6: Cumulative (CAGR) Revenue of Renewable Power Plants (Solar, Wind, Biomass, Hydro and Geothermal) in Turkey (in Millions USD) 2012 ÷ 2017, including forecast
Chart 7: Annual Installed Renewable Power Capacity (Solar, Wind, Biomass, Hydro and Geothermal) in Turkey (in MW) 2012 ÷ 2017, including forecast
Chart 8: Annual Revenue of Renewable Power Plants (Solar, Wind, Biomass, Hydro and Geothermal) in Turkey (in Millions USD) 2012 ÷ 2017, including forecast