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Turkey Wind Power Market Outlook 2019-2028

  • ID: 4846838
  • Report
  • Region: Turkey
  • 127 Pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • Agaoglu Group
  • EDF Energies Nouvelles
  • Enercon
  • Enerjisa
  • General Electric (GE)
  • Guris Holding
  • MORE

This market report offers an incisive and reliable long-term overview of the wind sector of the country for the next long period 2019-2028. In view of recent cuts in FITs announced in Germany, Spain, France, the UK, Czech Republic, Slovakia, Bulgaria, and Italy, Turkey represents a stable investment environment in South-East Europe with clear rules and green certificates support scheme. Current cumulative installed wind capacity in the country is growing fast and Turkey is one of the best performers amongst SEE countries between 2008 and 2018.

Wind power in the country grew by 7.5% YoY, from 6,516MW (6.52 GW) in 2017 to 7,005MW (7 GW) in 2018. The report provides a complete picture of the market situation, dynamics, current issues, and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Turkish wind market. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. For your convenience, the analyst can offer the opportunity for orders with customized report content.

Reasons to buy this market report are, but not limited to:

  • Overview of the Turkish political and economic environment (PEST analysis)
  • Wind resource potential in Turkey
  • Financial Model and Analysis of 50 MW Wind Power Plant investment in Turkey (IRR, WACC, Payback, NPV, Cash Flow, etc.)
  • Over 55 charts, tables, and maps
  • Overview of Turkish wind market development 2008-2028
  • Grid connected wind power installations
  • Future market trends and planned wind projects for 2019-2028
  • Market prices of fully permitted and operational wind projects
  • Turkish legal and energy regulatory framework for renewable projects
  • Key companies and competitive landscape in the wind sector
  • Review of most relevant financing and supporting incentives
  • SWOT Analysis (detailed in 5 pages)
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Agaoglu Group
  • EDF Energies Nouvelles
  • Enercon
  • Enerjisa
  • General Electric (GE)
  • Guris Holding
  • MORE

FOREWORD

1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations

2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Wind Power Market in Turkey
2.2 Turkey Wind Resource Potential
2.3 Key Stakeholders Affecting Wind Power Market Development in Turkey
2.4 Market Drivers and Constraints
2.5 Mandatory Engineering Measurements for Wind Power Projects in Turkey
2.6 Amendments in Renewable Energy Sources (RES) Legislation in Turkey for Unlicensed Market Segment (< 1 MW)
2.7 Market Forecast Summary

3 TURKEY POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS
3.1 Basic Country Data
3.2 Political Climate and Ruling Party
3.3 GDP and Economic Growth
3.4 Taxes
3.4.1 VAT
3.4.2 Income and Corporate Taxes

4 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET
4.1 General Electricity Market information
4.2 Wind Power in Energy Sector
4.3 Single Electricity Market

5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) WIND POWER MARKET
5.1 Market Overview
5.2 Cumulative Installed Wind Power Capacity and Revenue
5.3 Annual Installed Wind Power Capacity and Revenue
5.4 Future Development Trends

6 TURKEY POWER MARKET
6.1 Electricity Transmission and Distribution
6.2 Electricity Consumption and Generation
6.3 Electricity Imports and Exports
6.4 Electricity Prices for Business and Households
6.5 Renewable Energy Sources (RES) Targets

7 TURKEY WIND POWER MARKET
7.1 Why Invest in Wind Power Power in Turkey?
7.2 Turkey Wind Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Wind Power Projects in Turkey
7.5 Overview of Wind Power Market in Turkey
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Licensed Wind Power Market
7.9 Competitive Environment in Unlicensed Wind Power Market (< 1 MW)
7.10 Profiles of Key Players and Investors in Licensed Wind Power Market
7.11 Profiles of Key Players and Investors in Unlicensed Wind Power Market (< 1 MW)
7.12 Cumulative Installed Wind Power Capacity and Revenue
7.13 Annual Installed Wind Power Capacity and Revenue
7.14 Market Prices for Wind Power Projects in Turkey in Development, Ready to Build and Operational (Grid Connected) Condition
7.15 Key Cost Structure Elements of Wind Power Plant in Turkey
7.16 Levelized Cost of Energy (LCOE) for Wind Power in Turkey
7.17 Key Wind Power Projects in Turkey Under Development
7.18 Mergers and Acquisitions

8 DRIVERS AND CONSTRAINTS OF WIND POWER MARKET IN TURKEY. SWOT ANALYSIS
8.1 Market Drivers
8.2 Market Drivers Explained
8.3 Market Constraints
8.4 Market Constraints Explained
8.5 SWOT Analysis

9 FINANCIAL ANALYSIS OF WIND POWER MARKET IN TURKEY
9.1 Financing Options of Wind Power Projects in Turkey
9.2 Financial Model and Analysis of 5o MW Wind Power Plant investment in Turkey (IRR, WACC, Payback, NPV, Cash Flow, etc.)

10 TECHNOLOGY ANALYSIS
10.1 Wind Power Technology Overview
10.2 Technology Trends

11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE
11.1 RES Regulations and EU Directives
11.1.1 Precedent EU regulations
11.1.2 Most recent EU renewable energy policy developments

12 TURKEY RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK
12.1 Main Laws and Regulations
12.2 Support Schemes
12.3 Mandatory Engineering Measurements for Wind Power Projects in Turkey
12.4 Competition Regulation (Tender Procedure)
12.5 Zoning, Planning and Construction Related Authorizations
12.5.1 Zoning Plans Procedure
12.5.2 Building Permit (Construction License) Procedure
12.5.3 Operation License Procedure
12.6 Environmental Related Authorizations
12.6.1 Natura 2000 Network
12.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)
12.7 Energy Law Authorizations
12.7.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW
12.7.2 Grid Interconnection
12.7.3 Power Off-Take
12.7.4 Feed-in tariff (FIT)
12.7.5 RES Certificates (Guarantees of Origin)
12.7.6 Amendments in Renewable Energy Sources (RES) Legislation in Turkey for Unlicensed Market Segment (< 1 MW)
12.8 Additional Incentives for Domestic Procurement
12.9 Future Market Pricing Mechanisms

13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN TURKEY
13.1 Government Stakeholders
13.2 Non-Government Stakeholders
13.3 Electricity Generation, Transmision System Operator (TSO) and Distribution System Operators (DSO’s)

14 CONCLUSIONS AND RECOMMENDATIONS    

15 LIST OF ABBREVIATIONS    

16 REFERENCES    

17 DISCLAIMER    

APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND TURKEY

List of maps, charts, and tables
Map 1: Where is Turkey on the World Map    
Map 2: Major Transport Corridors Passing Through Turkey    
Map 3: Turkey Regions    
Map 4: Turkey Electricity Grids Network    
Map 5: Wind potential of Turkey at 80 m.a.g.l     
Map 6: Turkey Wind Speed and Power Density Map at 50 m    
Map 7: Hydro Power Plants of EUAS    
Map 8: Thermal Power Plants of EUAS    
Map 9: Districts Covered by TEDAS and DSO’s    
Map 10: Turkey Mean Wind Speed at 80 m.a.g.l    
Map 11: Mean 80-m Wind Speeds in Europe   
Map 12: Global Mean Wind Speed at 80 m.a.g.l  
MAP 13: European Wind Atlas    
MAP 14: Unrestricted Technical Potential for Onshore Wind Energy up to 2030   

Chart 1: Real GDP Growth for the Period 2008-2028 (including forecast)
Chart 2: Turkish GDP Growth Compared to EU-27 for the Period 2008-2028 (including forecast)
Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries
Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and South-East Europe (SEE) in 2019
Chart 5: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries, 2019 (in %)
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2009 - 2019
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW)
Chart 8: Net Power Generation Added Capacities in the EU 28 in 2019 (MW)
Chart 9: Age of Power Plants in Europe in 2019
Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2019 (MW)
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share (in %) 2000 – 2019
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU 27 for 2019 (GW)
Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2008-2028, including forecast
Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2008-2028, including forecast
Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2008-2028, including forecast
Chart 16: Annual Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2008-2028, including forecast
Chart 17: Existing and Planned High Voltage Interconnection Power Lines of Turkey with Neighbor Countries
Chart 18: Historical Structure of Power Market in Turkey from 1983 to 2019
Chart 19: Share of RES Electricity from Total Installed Power Capacity in Turkey in 2019
Chart 20: Turkey Total Annual Electricity Consumption (in TWh) 2000-2019
Chart 21: Turkey Power Generation Capacity Breakdown by Source (Fuel) Type in 2019
Chart 22: Electricity Imports and Exports in Turkey 2008-2028 (in TWh) including forecast
Chart 23: Turkish Targets for Renewable Energy Sources by 2023 (in %) set by the State Planning Organization
Chart 24: Cumulative Installed Capacity of Wind Power Plants in Turkey (in MW) 2008-2028, including forecast
Chart 25: Cumulative Revenue of Wind Power Plants in Turkey (in Millions USD) 2008-2028, including forecast
Chart 26: Annual Installed Capacity of Wind Power Plants in Turkey (in MW) 2008-2028, including forecast
Chart 27: Annual Revenue of Wind Power Plants in Turkey (in Millions USD) 2008-2028, including forecast
Chart 28: Market Prices for Unlicensed Wind Power Projects in Turkey for 2019-2028 in Development, Ready to Build and Operational (Grid Connected) Condition (2019 update)
Chart 29: Levelized Cost of Energy (LCOE) for Wind Power in Turkey
Chart 30: TURSEFF Structure
Chart 31: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Turkey
Chart 32: Wind Power System Price Evolution (€/MW) 1990-2019
Chart 33: Market Shares by Sales of the Major Electricity Distribution Companies in Turkey in 2019
Table 1: Electricity Prices for Business and Households
Table 2: Support Schemes for RES Generation in the EU Countries and Turkey
Table 4: Market Prices for Licensed Wind Power Projects in Turkey for 2019-2028 in Development, Ready to Build and Operational (Grid Connected) Condition (2019 update)
Table 5: Key Cost Structure Elements of Wind Power Plant in Turkey
Table 6: Database with Major Operational (Grid Connected), Under Construction and Planned Wind Power Projects in Turkey
Table 7: Key Financial Parameters of 50 MW Wind Power Plant Investment in Turkey
Table 8: Key Financial Viability Indicators of 5 MW Wind Power Plant Investment in Turkey (IRR, NPV, Payback, Benefit-Cost)
Table 9: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Turkey
Table 10: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Turkey (Pre-tax, After-tax, Cumulative)
Table 11: Wind Turbine Prices in 2019
Table 12: Feed-in-tariffs for Electricity from Renewable Energy Sources (RES) in Turkey
Table 13: Additional Incentives to Feed-in-tariffs for Electricity from Wind Power sources in Turkey for Domestic (Local) Procurement Elements

Note: Product cover images may vary from those shown
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  • Agaoglu Group
  • EDF Energies Nouvelles
  • Enercon
  • Enerjisa
  • General Electric (GE)
  • Guris Holding
  • SOYUT Enerji
  • Siemens
  • Sinovel
  • Vestas
  • Zorlu Enerji
Note: Product cover images may vary from those shown
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