Offshore wind power appears to be more efficient than onshore plants, according to experts. However, building offshore wind power plants requires a more investment compared to onshore plants. Despite the cost, offshore plants pay back more. With a long Mediterranean coastline, Turkey has the potential to generate its own energy. While the resource-poor country focuses on renewable energy projects to reduce its dependency on energy imports, investors expect a tariff deal to be determined to make a smart business move.
The offshore wind turbine industry is one of the fastest growing in the world. Turkey can take the lead in developing offshore wind farms in the Mediterranean.
The first offshore wind turbine conference in Turkey was held in Antalya last December. Since then, European manufacturers and the European Bank for Reconstruction and Development (EBRD) are investigating the market in Turkey. One of the areas that all potential investors want clarified is what the offshore wind tariff will be so that they can work out a viable business model.