Turkey plans first giant solar projects, introduces incentives for renewable energy equipment industry
Turkey had reached approximately 53 MW of PV capacity as of the end of February 2015.
23.11.2015: Turkey’s Ministry of Economy announced a plan to develop GW-sized PV projects across the country and to introduce incentives for the renewable energy equipment industry. The ministry said that the production of equipment for renewable energy projects will be supported through VAT exemptions, other tax exemptions, and non-rate subsidies. Local newspaper Hurryiet reports that the announcement was given in the country’s official journal. The government, however, said that wind turbine production, as well as wind energy production, will be considered »priority investment area.« Turkey’s Economy Minister Nihat Zeybekci said that investments will be supported for seven years by also benefiting from VAT exemptions, customs tax exemptions, tax reductions, interest rate support, investment site allocation opportunities and easier social security payments. The article also revealed that the Turkish Science, Industry and Technology Minister Fikri Işı announced in the same edition of the official journal a plan to build a 1.4 GW solar park in the province of Central Anatolian province of Niğde and that similar giant PV projects are also planned for the Central Anatolian province of Karaman and the eastern province of Van. The article does not provide more details on the projects. In February, the European Bank for Reconstruction and Development (EBRD) and the Turkish Ministry of Energy and Natural Resources launched a plan to promote renewable energy development in Turkey. The plan calls for the addition of 34 GW of hydropower, 20 GW of wind energy, 5 GW of solar energy, 1 GW of geothermal and 1 GW of biomass generation capacity by 2023. EBRD stressed that the plan is in line with the EU’s Renewable Energy Directive and that it will help the country increase its total installed generation capacity by 30% while relying exclusively on renewable energy sources. Turkey previously announced it aimed to install 600 MW of PV capacity through its FIT scheme by 2015. FIT incentives were approved in December 2010 and took effect at the beginning of 2011. The current legislation does not include a capacity cap, so developers can install as many PV installations as they like as long as each system is smaller than 1 MW. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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