Turkey will give a six-month extension to the Renewable Energy Support Scheme (YEKDEM) for newly built plants, the country's Official Gazette announced on Friday.
According to the decision, the expiry date at the end of 2020 will now extend until June 30, 2021, for new production facilities that want to benefit from YEKDEM, which provides feed-in-tariffs to plants for clean energy generation.
Support will be given until Dec. 31, 2030, to facilities that will be operational from Jan. 1 to June 30 next year.
If plant equipment is locally produced, additional support for five years will be provided starting from the commissioning date of the facility.
Turkey, which wants to fully utilize local and renewable energy sources efficiently to support its development, offers feed-in tariffs for renewable energy plants including wind, hydropower, geothermal, biomass, and solar through this scheme.
Renewable energy plants under the scheme are granted incentives, the value of which is dependent on the type of renewable energy used.
The scheme, which started in 2011, supports wind and hydropower plants at $0.073 per kilowatt-hour (kWh), geothermal facilities at $0.105 kWh, and solar and biomass plants at $0.133 kWh. These figures vary slightly depending on the use of locally-produced plant equipment.
By Firdevs Yuksel