Renewables

Tendering for 4 wind farms launched, ceiling price set at USD 0.055/kWh

Photo: Pixabay

Published

November 8, 2018

Country

Comments

comments icon

0

Share

Published:

November 8, 2018

Country:

Comments:

comments icon

0

Share

Turkey’s Energy and Natural Resources Ministry has launched tendering for the construction of four wind farms with a total installed capacity of 1,000 MW, according to reports.

This is the second wind power tendering announcement issued by the ministry. In August last year, the ministry awarded a 1 GW wind farm to a consortium including two Turkish companies – infrastructure development firm Kalyon Enerji, investment firm Turkerler Holding, and turbine manufacturer Siemens Gamesa Renewable Energy. The consortium had offered the lowest price, of USD 0.0348/kWh.

The ceiling price in the second auction is set at USD 0.055/kWh, while the government will pledge to purchase energy from the plants over a 15-year period, according to reports that cited Turkey’s Official Gazette.

The wind farms will be located in the Aegean provinces of Balikesir, Canakkale, Aydin, and Mugla.

According to the Turkish media, the applicants must submit a minimum one-year bank guarantee worth USD 2.5 million, while the best bidder must offer a minimum 10-year bank guarantee of USD 12.5 million.

The deadline to submit offers is March 7, 2019.

A month ago, the Ministry of Energy and Natural Resources announced that a 1 GW solar tender will be launched in January, with a 30 MW/ 90 MWh (AC) storage project to be included.

In April, Berat Albayrak, Turkey’s energy and natural resources minister, announced Turkey’s plans to invite 10 GW of solar and 10 GW of wind tenders in next 10 years as a part of Turkey’s Renewable Energy Resource Zone (YEKA) project.

In terms of energy growth demand, Turkey ranks second in the world, behind China. Its energy sector is heavily dependent on imports with an average of EUR 35 billion in energy imports.

The YEKA model was introduced by the Turkish government in 2016 to commission large-scale renewable energy projects through the utilization of locally-manufactured components in renewable power plants.

Comments (0)

Be the first one to comment on this article.

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

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E

Albania declares eight winners at 300 MW solar power auction

Albania declares eight winners at 300 MW solar power auction

10 July 2024 - The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh