Driving wind power development forward in Turkey and Southeast Europe
Istanbul, Turkey: 8-9, December 2009
There is huge growth potential for wind power in Turkey and Southeast Europe (SEE). This key regional event will examine the current and future wind power markets in Turkey and the SEE region, with in depth analysis and country case studies.
  
Endorsed by: The Turkish Wind Energy Association
Endorsed by: The British Chamber of Commerce of Turkey (BCCT)
Sponsor: ALSTOM, RES Energy
Media Partner: HURRIYET Daily News
Legal Partner: ALCAN Law Firm
MJ works with major international developers and investors (like EDP Renewables, RES, Martifer Energy, Galp Energy, Enersis and Energi E2 (now EON) etc…)
Green Power Conferences events stand out for the unparalleled number of operators, utilities, government and regulatory bodies we attract and the level of detail and knowledge reflected in our event programs.
Introduction
There is huge growth potential for wind power in Turkey and Southeast Europe (SEE). This key regional event will examine the current and future wind power markets in Turkey and the SEE region, with in depth analysis and country case studies.
- Turkey is the 6th largest electricity market in Europe and one of the fastest growing
- globally. The Turkish government and authorities have made a strong push for increased electricity production from renewable sources and are increasingly promoting wind power to bolster the country’s power supply
- Turkey is the emerging market destination for wind power investments and is also a rapidly growing economy
- This potential room for investment and development appears to be huge and growing, as new wind energy projects, and ideal conditions to harness wind energy are helping Turkey pioneer this sustainable form of energy.
- Amongst the top five fastest growing wind markets, Turkey and Hungary are on the list
Steve Sawyer, Secretary General for the GWEC, said he expects to see a boom in Turkey before the other emerging markets in Europe. The country's rapidly-growing economy, tremendous wind resources and a government that's greening up to enhance its bid to join the European Union, has contributed to the speedy growth of wind power in Turkey, he said.
 
 Renewable Energy in Turkey
For more information regarding potential investment opportunities in the Turkey energy market, a law firm should be consulted.
Turkey has abundant reserves of renewable energy, such as solar, wind and geothermal. The benefits of exploiting these sources would be enormous because of several resaons:
- By relying completely on indigenous resources, renewables would reduce reliance on imported fuels and enhance Turkey's energy security.
- The environmental impact of renewable technologies is far less than that of nuclear and fossil fuel power plants however there are no emissions of greenhouse gases or toxic wastes;
- The cost of electricity from some renewable energy sources is already competitive with many conventional technologies, and is dropping rapidly;
- Renewable technologies have no fuel costs and are virtually inexhaustible;
 Turkey Energy Market
 Turkey has vast untapped hydropower and wind potential. Renewable potential in Turkey in MW terms is 10000 Wind, 35000 Hydro and 35000 geothermal. Presently there are 150 hydropower plants with combined installed capacity of 13.0 GW. Moreover, a total capacity of 3.0 GW is under construction, and 20.6 GW more is in planning phase.
According to Turkish renewable energy act, all non-fossil based energy sources are considered a renewable energy source. Most preferred generation types like wind power, river-run hydropower plants and dammed hydro plants with reservoir areas smaller than 15 km2 are all identified as renewable energy sources and eligible to sell to DUY market regardless of the generation capacity.
Wind power is also attracting the attention of many companies. EMRA has issued 59 wind farm licenses, with combined capacity of 856 MW; however, only 32 MW of that capacity is currently operational. In December 2006, the Ministry of Energy published the wind map of Turkey, which has stimulated wind power investments. Wind Power and Hydropower Plants Businessmen’s Association (WHPBA) puts the potential Turkish wind power figure at 10.0 GW.
- The escape from high natural gas prices has benefited renewable energy the most, especially hydro and wind generation.
- There are several reasons why independent generators are turning to renewable energy. Government incentives play an important role in making renewable energy more attractive. Turkish Government is in the process of passing a new energy law to require the retail electricity licensees to purchase at least 8 % of its annual electricity sales volume from renewable energy resources
- There are two incentive schemes widely used in the world: renewable energy feed-in tariffs (REFITs) and renewable energy obligations (REO). REFITs refer to favourable fixed or variable price for renewable energy, while REO require utilities to supply a certain percentage of their electricity from renewable sources.
- Turkey has adapted a hybrid system. Renewable power plants built before 2012 (the deadline set by the law could be extended for another two years period) are eligible for the €50 – €55 per MWh (≈ USD 79 per MWh, compared with USD82 regulated electricity sale price after tax and levies) REFIT for first 10 years of operation, providing a hedge against foreign exchange risk. Furthermore retail licence owners are required to allocate (as REO) a portion of the electricity purchases to renewable power.
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