Sunny days ahead for Turkish solar power
Turkey’s Energy Market Regulatory Authority (EMRA) will grant the first ever solar energy licences after receiving applications between 10–14 June this year, for a maximum total capacity of 600MW in 27 regions previously announced by the Ministry of Energy. Demand for electricity in Turkey has been growing at an annual rate of almost eight per cent and Turkey is highly dependent on imports of oil, natural gas and hard coals to meet this increasing demand. In an attempt to cut down on this high energy bill, the government has been promoting renewables, and Turkey’s vast solar energy potential (380TWh and 2,640 hours of insolation per year) offers an opportunity not to be missed.
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The June 2013 edition of Chadbourne & Parke’s Project Finance Newswire is available now.
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