|Policy status:||In Force|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Policy Target:||Wind, Bioenergy, Bioenergy>Biomass for power, Geothermal, Geothermal>Power, Hydropower, Solar|
|Policy Sector:||Electricity, Framework Policy|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Energy and Natural Resources|
In a move to meet its target of reaching 30% of its power from renewable sources by 2023, Turkey implemented a long-awaited renewable energy law.
The law first adjusts and increases the Turkish Feed-in tariffs, fixed as follows:
Such tariffs replace previous rates ranging from EUR 0.05 to EUR 0.055/kWh that used to apply to all renewable technologies.
Tariffs apply for a ten-year period to power generators completed in 2005 to 2015. Renewable producers will also benefit from a 85% discount on transmission costs for 10 years.
The 2010 RE Law also includes bonus payments for hardware componentsmade in Turkey to support and boost the national manufacturing sector. Companies the facilities of which rely on locally produced equipment/components receive a bonus to their feed-in tariff, fixed as follows:
|Related policies:||Law on Utilization of Renewable Energy Resources for the Purpose of Generating Electrical Energy - No. 5346|
Last modified: Tue, 27 Oct 2015 16:38:04 CET