Utility scale project development, rapidly expanding commercial markets, and a huge influx of investment are ensuring that momentum continues to build behind the Turkish solar photovoltaic market.
While the vast potential of the Turkish PV market has long been recognized, many have been left frustrated by low feed-in tariffs, long winded licensing processes, and the relatively small 600MW government tender that restricts market growth.
However the sun is really beginning to shine on Europe’s greatest untapped solar power resource.
While barriers to development do remain, the government is expected to announce another round of solar licenses in 2015. Ates Ugurel of Ires Enerji expressed that this may allow for up to 2.5GW of development which would bring Turkey’s installed PV capacity to 3.1GW by 2016.
Recognizing this vast potential for growth, international solar giants Canadian Solar and IBC Solar have been among the first to bring large scale solar PV projects to the region, alongside the EPDK and local partner Gerlicher Merk Solar.
There are also ongoing visits being made by investment consortiums from the US, China, Germany, and the UK who are all keen to secure a foothold as the industry expands. International development banks are also expected to back large scale solar development, with the EBRD recently allocating €50 million to the Turkish renewable energy sector. This enthusiasm is mirrored nationally, with government investment of €10.4 million rumored to be spent on advancing Turkey’s PV manufacturing base.
As well as the growing opportunities for large scale development, another lucrative market is also emerging. With electricity prices already higher than the feed in tariff, the generation of solar power for self consumption is causing a rapid increase in unlicensed project development. Installations under 500KW do not require a government permit, meaning that commercial scale rooftops owned by hotels, malls, leisure centers, and the like provide excellent potential for small and medium scale project development.
The rapidly growing momentum behind both large and medium scale Turkish PV markets is reflected in this year’s Solar Turkey speaker line up, which boasts some of the most senior level speakers from key national and international industry players as well as prominent government heads. Presenters at the event, to be held October 16 & 17 in Istanbul, will discuss the best ways to stimulate future growth. They include Kemal Yildir, Chief Executive and General Manager of TEIAS; Yusuf Yazar, General Manager, General Directorate of Renewable Energy; and Abdullah Tancan, Member of the Board, EPDK.
Solar Turkey will also see international and local investors lay out options available for large scale PV finance while project developers will discuss their experience in the market and the hottest development opportunities.
With an opening address from Süreyya Yücel Özden, President of the World Energy Council Turkish National Committee, a workshop on unlicensed applications by the newly formed Li-Der and more sponsors than any year to date, Solar Turkey 2012 promises to be the must attend event for those who wish to place their organization at the forefront of Europe’s largest sleeping PV giant.
For this an other upcoming renewable energy conferences and events, visit the Energy Insight Conferences and Expos page.
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