Renewables

No immediate impact of coup on solar power sector

coup

Published

July 18, 2016

Country

Comments

comments icon

0

Share

Published:

July 18, 2016

Country:

Comments:

comments icon

0

Share

Western analysts are concerned the fallout from the failed military coup of July 15 will weigh heavily on Turkey’s shaky democracy and increase president Recep Tayyip Erdoğan’s authoritarianism, according to an article in PV Magazine’s portal, which notes investors gauge political stability of markets as turmoil lifts expenses.

In the short term, the photovoltaic sector won’t feel the impact, claims Ateş Uğurel, founder of Turkish Solar Energy Society Solarbaba. He told the specialized media outlet most of the big deals are already signed, with the financing cost fixed. The facilities in question will be online soon, he said and added the projects are in the so-called unlicensed segment of the market in photovoltaics.

The country has auctioned a further 600 MW of capacity. “These projects have not been built yet and market experts have expressed suspicions that some of them might not get built, at least not soon. The reason for this is that, although these projects will receive a high feed-in tariff of USD 0.133 per kWh for 10 years, developers also need to pay a one-time fee per installed MW, which is very high for a number of the licenses. Therefore, financing for these licenses was already going to be difficult,” said the report signed by Ilias Tsagas.

Tags:

Related Articles

croatia vireas agency north AI energy

Meet VIREAS: new AI-powered virtual assistant for energy

22 July 2025 - The VIREAS app is an interactive platform that enables users to engage with an AI assistant on various topics related to energy

Slovenia grants renewables district heating cooling

Slovenia kicks off grants program for renewables-based district heating, cooling

22 July 2025 - Slovenia is cofunding the construction or restructuring of district heating and cooling systems using renewable energy sources

Germany supports Serbia in clean energy supply, environmental protection

Germany supports Serbia in clean energy supply, environmental protection

22 July 2025 - Serbia and KfW signed a EUR 135 million loan for the second phase of the Green Transition Development Policy Operation (DPO II) program

energy community summer school kotor montenegro

Ninth Energy Community Summer School gathers 40 participants in Montenegro from 28 countries

21 July 2025 - Forty young professionals and researchers from 28 countries gathered at the Faculty of Maritime Studies in Kotor, Montenegro