Turkey’s energy situation today can be summarized as follows:
• High demand increase rate
• High investment requirement
• Import Dependency
• High Energy Intensity
• Low Efficiency
Other aspects that have to be taken into consideration while analyzing Turkey’s energy market is:
• High efficiency gain potential
• Considerable potential of renewable sources
• Emerging Market
Taking the above into account, Turkey recently released a new set of laws related to the renewal energy sector that principally aims at:
_ providing safe, green, cost-efficient and sustainable energy for our country,
_ increasing energy efficiency.
_ becoming an energy trade hub (securing a strong position for our country in regional and global trade of energy,
_ energy sector based on transparent and competitive market rules; (establishing
functioning markets based on competition)
WE WANT TO USE 20,000 MW WIND POWER
600 MWe GEOTERMAL POTENTIAL UNTIL 2023
4500 MW OF SOLAR ENERGYY 2020.
_Energy security new investments to cope with increasing demand:
_Reduce import dependency, increase the diversification of energy resources,
_Increase the utilization of local sources and developing the related mechanical and/or
electro- mechanical manufacturing sector.
_Nuclear Energy (at least 5% electricity generation mix until 2023)
• Reducing greenhouse gas emissions,
• Renewable Energy: Wind, Hydro, Geothermal, Solar, Biofuels
• Clean Coal Technologies, Carbon Capture & Storage
UNFCC (Turkey became a Party in 2004), Kyoto (Turkey became a Party in 2009)
To support achieving these objectives, Turkish government also developed an aggressive plan including tax breaks, guarantee rates for 10 years etc. for investors in this sector.