Turkey Renewables Q4 2018
The steep depreciation in the lira has led us to revise down our renewables forecast for the next two years, as we expectprojects to struggle to gain financing amid the high levels of economic volatility. We remain positive on long-term growth prospectsin the market, as a weak lira will intensify the government resolve to diversify away from importing natural gas for power generation,ensuring long-term government support for the renewables sector. As such, we maintain that Turkey will remain the most attractiverenewables market in Central and Eastern Europe over the coming decade.
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