Renewables

Renewable energy producers in Turkey get EUR 5.8 billion in incentives in 2019

Renewable-energy-producers-Turkey-incentives-in-2019

Photo: Istanbul (Pixabay)

Published

February 4, 2020

Country

Comments

1

Share

Published:

February 4, 2020

Country:

Comments:

1

Share

Renewable energy producers in Turkey received TRY 38.04 billion (EUR 5.8 billion) in incentives in 2019 under the Renewable Energy Support Scheme (YEKDEM), according to data provided by Energy Exchange Istanbul (EXIST).

Under the YEKDEM program, renewable energy plants get feed-in tariffs. The stimulus is available for for wind, hydro, geothermal, biomass and solar.

A total of 777 facilities with an installed capacity of 20.92 GW received financial backing under YEKDEM and produced 76.67 TWh of electricity, the Daily Sabah reported.

Feed-in tariffs range from USD 0.073 per kWh to USD 0.133 per kWh

The scheme launched in 2011 envisages support of USD 0.073 per kWh for wind parks and hydropower plants, USD 0.105 per kWh for geothermal facilities and USD 0.133 per kWh for solar power and biomass-fueled plants.

In 2020, Turkey aims to generate 82.5 billion kWh of electricity with the help of YEKDEM, from 818 plants with a total installed capacity of 21,877 MW, according to the portal.

The YEKDEM scheme is ending this year

The YEKDEM scheme is ending this year and the authorities are working on a new model.

Turkey has another incentives mechanism, called YEKA or Renewable Energy Resource Zones. It was launched in 2016.

The International Energy Agency (IEA) forecasted in November that Turkey would become the 5th biggest in Europe by renewable energy capacity by 2024, and the 11th in the world.

Comments (1)
SALAH Ahmed Mekki / July 18, 2020

Solar energy to run artesian wells in Sudan

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

maja turkovic cwp global investments bef 2024

Meet energy transition leaders in SEE: CWP Global is developing 6 GW of solar, wind, storage

24 May 2024 - Vice President for Europe at CWP Global Maja Turković was a panelist at the Belgrade Energy Forum 2024 conference

Western Balkans face tight electricity market coupling deadlines

Western Balkans face tight electricity market coupling deadlines

24 May 2024 - Market coupling is the first task in the Western Balkans energy transition and their main condition to be exempted from CBAM, panelists said at Belgrade Energy Forum

Eurelectric Europe requires EUR 67 billion per year power distribution upgrades

Eurelectric: Europe requires EUR 67 billion per year for power distribution upgrades

23 May 2024 - Strengthening apower distribution grids across Europe between 2025 and 2050 will require EUR 67 billion per year, Eurelectric calculated

EU key energy market reforms coming into force

EU’s key energy market reforms coming into force

22 May 2024 - The EU enacted electricity and gas market reforms and a framework to boost the development of hydrogen and other decarbonized gases