Turkey Renewables Report Q1 2013

Published by: Business Monitor International

Published: Nov. 14, 2012 - 34 Pages


Table of Contents

Industry View
SWOT Analysis
Turkey Renewables SWOT
Industry Forecast Scenario
Table: Turkey Total Electricity Generation Data And Forecasts, 2010 - 2017
Table: Turkey Total Electricity Generation Long Term Forecasts, 2014 - 2021
Table: Turkey Electricity Generating Capacity Data And Forecasts, 2010 - 2017
Table: Turkey Electricity Generating Capacity Long Term Forecasts, 2014 - 2021
Renewables Projects Database
Table: Major Projects – Renewables
Sustainable Energy Policy and Infrastructure
Targets
Subsidies
Table: Renewable Feed-In Tariffs In Turkey, 2011
Infrastructure
Risk Reward Ratings
Turkey’s Renewables Risk/Reward Ratings
Rewards
Risks
Competitive Landscape
Table: Key Market Players
Zorlu Energy Group
Aksu Enerji ve Ticaret
Vestas
Glossary of Terms
Table: Glossary of Terms
Methodology and Sources
Industry Forecasts
Renewables Industry - Data Methodology
Generation Data
Electricity Generation Capacity Data
Power Risk/Reward Ratings Methodology
Table: Power Risk/Reward Indicators
Sources

Abstract

BMI View: Turkey's wind sector currently dominates the non-hydro renewables industry, and weanticipate that the sector will drive not just the country's renewables expansion, but also the wider CEEregion. With an ambitious renewable energy target and subsidy programme in place, we anticipate stronggrowth for the industry. However, we believe that financial uncertainty for renewables projects and arelatively unattractive business environment could hinder the industry significantly.

Despite the predominance of thermal generated electricity, Turkey's renewables sector presentssignificant growth potential across most technologies, including wind, geothermal and solar power. Weexpect the non-hydro renewables industry to grow considerably over our forecast period, registering anannual average growth rate in capacity of 18.9% between 2013 and 2021, contributing 8.7% to totalelectricity generation by 2021, at 35.78TWh.

The key trends and developments in the Turkish renewables market are:

Turkey's non-hydro renewables installed capacity is set to nearly quadruple between 2013 and2021, primarily from wind power.

In April 2012, Agaoglu Group announced it will work with China’s Sinovel Wind Group Co.to build a 600MW wind plant, with financing from the China Development Bank secured. Thisis scheduled to go online at the end of 2015.

German banks KfW IPEX-Bank and Landesbank Baden-Württemberg are to provide aUS$164.5mn loan to finance the construction of the 120MW Karaburun wind power project.The wind farm is scheduled to become operational in 2013.

Turkey's decision to simplify the process for developing solar power projects of up to 500kW islikely to spur installations, with solar companies including Germany's Phoenix Solar andGehrlicher Solar already joining with local companies to get a foot in the market.

The 60MW Kizildere Geothermal power plant is due to come online in 2013 and othergeothermal projects are under consideration.

GE announced plans in June 2012 to invest US$900mn in Turkey with a focus on infrastructureand innovation, although an investment package into wind energy equipment is also included.Not only will the investment help boost the wind sector, but also has the potential to improve thecountry's flagging electricity sector and lend credence to Turkey's much delayed privatisationscheme.

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