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Turkey to rank 5th in Europe in renewable power growth

- Turkey's renewable energy capacity will grow by almost 50% by 2025, data reveals

home > Solar, Turkey 12.11.2020 11:07 Nuran Erkul

Turkey to rank 5th in Europe in renewable power growth

Turkey will rank fifth in Europe for increasing its renewable power capacity, which is forecast to add 22.2 gigawatts (GW) by 2025 to reach 66.8 GW, according to International Energy Agency (IEA) data compiled by Anadolu Agency.

The country's total installed renewable energy capacity stood at 44.6 GW at the end of 2019. Out of this total, hydropower generated 28.5 GW, while wind produced 7.58 GW and solar 6 GW. Geothermal, bioenergy and other sources accounted for the remaining 2.52 GW.

Turkey's renewable energy capacity started to markedly increase after 2008 when the total installed renewable energy capacity was 14.3 GW.

The IEA forecasts this trend will continue at significant speed.

By the end of this year, renewable power in Turkey will reach 47.3 GW with an increase of around 1.1 GW of hydropower and almost 900 megawatts (MW) of wind power.

"We observed that even during the hardest times of COVID-19, wind energy projects have not stopped in Turkey," IEA Senior Energy Analyst Heymi Bahar told Anadolu Agency.

He explained that Turkey's Renewable Energy Support Scheme (YEKDEM), which was due to expire at the end of the year, spurred investors on to complete their projects by the year-end.

Projects under the scheme have a 10-year guarantee of purchase that varies depending on the type of renewable energy resource used.

The Turkish government agreed to extend the YEKDEM period until June 31, 2021, taking the Covid-19 pandemic into account.

According to Bahar, this extension created a new opportunity for investors who will now be able to run with their new projects up to June 31, ensuring that 1GW of wind capacity will come online next year.

He explained that although the future of the new renewable energy support scheme after June 31 remains uncertain, triggering potential project vacancies after this date, he expressed optimism over the growth in wind capacity up to 2025.

"Turkey now has the cheapest wind prices in the world. Considering the low prices and the potential, the capacity will definitely continue to increase," Bahar said.

Total wind power is estimated to increase by 146% to 12.8 GW compared to levels at the end of 2019.

-Solar in Turkey has a long way to go

Bahar said that solar is also a lucrative resource with massive projects planned and is forecast to see the fastest growth in Turkey by 2025, increasing by 280% to 16.8 GW.

The mini Renewable Energy Resource Zones (YEKA) tenders support this growth.

"This year is kind of a transition period for solar in Turkey and we expect around 600 megawatts capacity to be online by the end of this year. However, with the YEKA tenders, the solar sector will be very dynamic adding 1 GW next year," Bahar said.

Turkey will receive applications for mini YEKA solar tenders in January 2021 when the exact tender dates will be announced. Under these tenders, 1 GW of capacity will be generated in 36 regions across the country.

“Solar has an open and long way to go in Turkey in the coming years with solar price tenders becoming quite competitive relative to Europe in the last few years," he said.

According to the IEA, together with the capacity growths in hydropower, bioenergy and geothermal, Turkey's total installed capacity is due to increase by 50% by 2025 with 22.8 GW of additions.

These additions will make Turkey the fifth most capacity increasing country in Europe and 12th in the world.

Bahar’s renewable energy expectations have been supported by a Renewables 2020 report published this week, which said that renewables globally grew at a record pace this year despite COVID-19. It also forecasts that net additional renewable energy capacity would continue to increase even during the second wave of the pandemic.

"Investors have a really high appetite for renewables," he concluded.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr


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03.10.2019 Finance , Solar , Asia , General

Google to expand global wind, solar stake via 18 deals

- These deals will increase Google's worldwide wind and solar energy portfolio by more than 40% to 5,500 megawatts
21.09.2019 Wind , Solar , Renewable , General

Global renewable power additions to jump 12% in '19: IEA

- After stalling last year, renewable power capacity additions to hit double-digit growth in 2019, Int. Energy Agency says
21.09.2019 Solar , Renewable , World

Turkey's Zorlu Energy establishes company in Palestine

- Company plans to install 1.8-megawatt solar power plant to meet Palestine's electricity needs
30.08.2019 Solar , Energy Projects , Middle East-Africa , General

Turkey's elec. prod. from unlicensed solar up 23.8%

- Unlicensed solar power plants produced 4.410 GWh of electricity between January-June, according to energy ministry
29.08.2019 Electricity , Solar , Turkey

Enel starts construction on Chile’s largest solar plant

- Facility to have approximately 382 megawatts of installed capacity and avoid more than 900,000 tons of carbon emissions
28.08.2019 Solar , Americas

ExxonMobil enters carbon capture tech. development deal

- ExxonMobil and Mosaic Materials to evaluate opportunities for industrial uses of Mosaic's innovative new technology
28.08.2019 Solar , Americas

Turkey's Naturel Energy Co. goes public

- Company's initial public offering on Monday is valued at around 70 million Turkish liras
09.08.2019 Solar , Invesments , Turkey

India leads with lowest renewable cost in Asia Pacific

- Australia’s solar power to be cost competitive against coal next year
30.07.2019 Solar , Renewable , Asia , General

Global solar PV installations set to hit record in 2019

- Wood Mackenzie estimates that global annual solar installations will rise to around 125 gigawatts by early 2020
26.07.2019 Finance , Solar , Asia , General

Solar farm in Spain receives €285 million investment

- New 500-megawatt plant to have enough to supply clean energy to 250,000 people
18.07.2019 Solar , Invesments , Europe

Global wind power capacity to grow by 60% in 5 years

- Global onshore and offshore wind capacity is expected to grow in U.S. and China
10.07.2019 Wind , Solar , Renewable , World , General

EBRD to finance solar project in Ukraine

- New solar plant, which is expected to be operational in 2020, will reduce 36,000 tonnes of carbon dioxide per year
02.07.2019 Finance , Solar , Eurasia , General

European solar installations to double over next 3 yrs.

- Wood Mackenzie reports that European total installed capacity solar capacity will surpass 250 GW by 2024
27.06.2019 Solar , Energy Projects , Europe , General

Renewable energy employs 11 million people worldwide

- Asian countries’ share remained at 60% of the global total renewable employment
14.06.2019 Finance , Wind , Solar , Renewable , General

Enel sells 540 MW of renewable capacity in Brazil

- China's CGNEI buys solar plants Nova Olinda (292 MW) and Lapa (158 MW), and 90 MW Cristalandia wind farm for around €660 million
03.06.2019 Wind , Solar , News from companies , Americas , General

Solar power illuminates power-hungry Malawi countryside

- Eight village women, who traveled to India to become solar engineers, help supply electricity to villages outside capital Lilongwe
02.06.2019 Solar , Middle East-Africa , General

Scatec Solar signs up for 485 MW in Vietnam

- Norwegian company partners with MT Energy to develop, finance, construct and operate solar projects
25.05.2019 Solar , News from companies , Asia , General

Solar energy to power humanitarian hub in South Sudan

- Around 1,900 solar panels capable of generating up to 700-kilowatts of power will help people in Malakal, South Sudan
07.05.2019 Solar , General

Local, renewables share in Turkey increases 62% in 1Q19

- Of 74.25 billion kilowatt-hours of electricity produced in 1st quarter, 46.11 billion is from local and renewable resources
07.05.2019 Natural Gas , Finance , Wind , Solar , Renewable , Turkey , General

Eni begins build of 10 MW solar plant in Tunisia

- Project awarded to ETAP-Eni consortium following public tender and will supply national grid with 20 GW/h/year of electricity
05.05.2019 Solar , News from companies , Middle East-Africa , General

Enel brings online its first solar power plant in Zambia

- Thirtyfour-megawatt Ngonye facility, located in south, will sell energy to state-owned utility ZESCO through 25-year PPA
30.04.2019 Solar , News from companies , Middle East-Africa , General

Dutch solar panel capacity up by more than half in 2018

- Growth was stronger among businesses with 71 percent, according to Statistics Netherlands
28.04.2019 Renewable , Solar , Europe

Kazakh solar power plant to receive $16.7 million loan

- Agreement was signed during Second Belt and Road Forum for International Cooperation in Beijing
27.04.2019 Solar , Eurasia

UK invests £30M to expand India's solar farm network

- CleanMax Solar, recipient of investment, will use capital to enhance portfolio from 500 MW to 2,000 MW in next three years
24.04.2019 Solar , Asia

Malaysian Petronas venturing into renewables

- Acquisition is expected to be completed later this month
16.04.2019 Solar , Asia

Vestas acquires 25.1% stake in German SOWITEC

- Acquisition of minority stake comes with option to buy entire company within three years
12.04.2019 Renewable , Wind , Solar , News from companies , Europe , General

Engie, Tokyo Gas to establish renewables JV in Mexico

- Heolios EnTG will develop, finance, construct, own, operate and maintain two wind and four solar projects
10.04.2019 Renewable , Wind , Solar , News from companies , Americas , General

Saudi Arabia to install more solar, wind energy by 2028

-Developers in Saudi Arabia will build 6.2 GW of wind capacity between 2019-2028, and 53 GW of PV capacity through 2024
09.04.2019 Finance , Wind , Solar , General

France's Engie inaugurates first mini-grid in Zambia

- Energy group aims to develop 2,000 mini-grids by 2025 in Africa for access to renewable, reliable and cost-effective energy
04.04.2019 Renewable , Solar , News from companies , Middle East-Africa , General

Statkraft, redT partner for solar, energy storage in UK

- UK's first fully-financed solar and storage solution will enable corporates to save up to 20 percent on energy costs, companies say
28.03.2019 Solar , News from companies , Europe , General

Enel buys 650 MW of renewable power plants in US

- Group acquires seven fully operational plants including solar, wind and geothermal from its US joint venture EGPNA REP
15.03.2019 Wind , Solar , Geothermal/Biomass , News from companies , Americas , General

Statkraft picks Ocean Sun for €2.3M solar park in Albania

- Four floating units of 0.5 MW each to be provided as part of first major commercial contract for Ocean Sun's floating solar tech
13.03.2019 Solar , News from companies , Europe , General

Eni building solar PV plants in Tunisia, Pakistan

-Plants will be located near oil and gas fields, allowing energy produced to be used on site to reduce gas consumption, emissions
13.03.2019 Solar , News from companies , Asia , General

Microsoft, Invenergy announce 74 MW solar project in US

- With more than 256,620 modules, Wilkinson Solar Energy Facility will be among largest solar installations in North Carolina
08.03.2019 Solar , News from companies , Americas , General

Spain’s airport operator launches solar energy project

- Spanish airport operator, Aena will invest €250 million in renewable energy to save energy and cut carbon emissions
08.03.2019 Finance , Solar , Europe , General

Finnish Fortum to build 250 MW solar plant in India

- Commissioning of plant is expected in fourth quarter of 2020
04.03.2019 Solar , Europe , General

Americas wind installed capacity increases 12% in 2018

-The total installed wind capacity in North, South and Central America reaches 135 gigawatts in 2018
06.02.2019 Finance , Wind , Solar , Renewable , Americas , General

Google signs long-term power purchase deal in Taiwan

- Company will buy output of 10-megawatt solar array in Tainan City to support Google's local operations
24.01.2019 Solar , News from companies , Asia

Turkey drafts regulation on electricity storage

- Draft regulation sees storage as a market operation and aims a more balanced grid
21.01.2019 Electricity , Wind , Solar , Geothermal/Biomass , Renewable , Turkey , General

Enel to sell 540 MW of renewable capacity in Brazil

- Agreements signed with Chinese company CGNEI for sale of 2 solar plants and 1 wind farm for €700 million by end of first quarter
17.01.2019 Wind , Solar , News from companies , Americas

Asia-Pacific will remain leader in solar PV by 2025

- Asia-Pacific (APAC) remains leading region with share of 58.3 percent in global solar PV market in 2018, GlobalData says
21.12.2018 Finance , Solar , Asia , General

Neoen starts operation at Australia’s largest PV plant

- Coleambally Solar Farm begins full-scale commercial operation with installed capacity of 189 MW, French developer says
24.11.2018 Solar , News from companies , Asia

Engie signs power purchase deals in Mexico, Chile

- Group developing 130 MW photovoltaic plant in Sonora, northern Mexico to supply clean energy for steel producer Gerdau
23.11.2018 Solar , News from companies , Americas

Construction of Saudi's first solar project starts

- Saudi Arabia's first solar project with a total of 300 MW capacity will eliminate 430,000 tonnes of carbon dioxide annually
22.11.2018 Finance , Solar , Energy Projects , General

Siemens Gamesa sells three PV power plants in Spain

- SGRE sells plants in Huesca, Murcia and Huelva provinces to Spain's Aurea Capital as part of non-core asset disposal
21.11.2018 Solar , Projects , Renewable , General

Norway's Equinor buys minority share in Scatec Solar

- Scatec Solar produces electricity from operating plants with installed capacity of 357 megawatts
16.11.2018 Solar , Europe , General

Lightsource BP signs 25 MW solar contracts in US

-The 25 MW power purchase agreements will bring locally-generated solar power to utilities’ customers for over 20+ year terms
08.11.2018 Finance , Solar , Americas , General

Hyundai, Kia reveal solar charging system for vehicles

- Eco-friendly technology uses solar panels on vehicle's roof or body, improving mileage and reducing CO2 emissions
02.11.2018 Solar , News from companies , Asia

Enel starts construction of 127 MW solar plants in Spain

- Three solar PV plants with capacity of over 42 MW each are set to operate by end of 2019 and generate over 240 GWh annually
24.10.2018 Solar , News from companies , Europe

US to provide up to $53 million for advance solar tech.

- Newly announced support will boost advance research and development in photovoltaics and concentrating solar-thermal power in US
24.10.2018 Solar , General

Economic relations with Turkey vital for Germany: Amb.

- Germany and Europe view Turkey as production center and export base, German ambassador to Turkey says
24.10.2018 Renewable , Finance , Wind , Solar , Energy Diplomacy , International Relations , Turkey , Europe
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