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The Turkish Electricity Production Company (TEİAŞ
announced on Thursday that it plans to fix major loopholes in regulations in order to further promote the generation of solar energy in the country.
In a written statement TEİAŞ indicated that investors who apply for a license to operate solar power generation fields in a location desired by many will have to submit their project proposals to the Energy Market Regulatory Agency (EPDK) after competing their feasibility studies and necessary documents for licensing. A commission established by TEİAŞ will then select the best offer. The commission, made up of five members, will consider the application that bids the highest amount for the tender.
All of the applications will be considered solar power systems (GES) projects and information on applications that are offered for the same locations will be available on the TEİAŞ website. The applications will be ranked by the commission depending on the highest number of bids. The rest of the applications that are not selected will be out of the ranking but they will be able to bid on different tenders in other locations, on which they have already conducted feasibility studies.
Commenting on the issue, Hüseyin Mert, the director of the GSR Energy Project Development Firm, which built the largest building in Turkey operating on GES --the Denizli Governors Office -- called on investors to consider the major opportunities in the field. He said, We have already determined the most efficient fields to install solar power panels and prepared reports on their power production capacity depending on different technologies so that businesses can invest knowing their profit potential.
Mert noted the high investment potential in the solar power production in the country and explained, However, in terms of developing these proposals, the investors should be careful on working with the right experts and companies that provide advice, adding that some of these companies, GSR being one of them, offer suggestions on locations that are more profitable and have less competition. He said applications need to be submitted on June 10-14, 2013, meaning there is a year left to prepare the documents needed for the proposal.
Noting that the current GES capacity in the country is 600 megawatts (MW), Mert said that since Turkey is located in the sunniest part of Europe, the capacity is expected to increase to over 600 MW. Mert also said it is a great chance for investors since regulations have gone through a much-needed update, which was needed to attract investments in order to cope with Turkeys rising energy needs.
Turkey has become one of the frontrunners in generating renewable energy in recent years, and investment in the sector is growing massively as it has become clear that this is a sector with enormous growth potential. The governments support adds a sense of safety to potential investments. The land features of Turkey and its climate are excellent for generating wind, solar and geothermal power. Accordingly, Turkey has started a major renewable energy and energy efficiency program.
The country aims to increase its clean energy share to 30 percent of its power supply by 2023 -- the 100th anniversary of the republic. With over $40 billion in investment expected in this area, foreign and local investors are expected to see major business development opportunities in solar, wind, geothermal, hydro and all elements of energy efficiency as Turkey has an ideal climate for wind and solar energy investments with an average of more than seven hours of sunshine a day while also bordering the Mediterranean, the Aegean and the Black Sea.
source:TE
announced on Thursday that it plans to fix major loopholes in regulations in order to further promote the generation of solar energy in the country.In a written statement TEİAŞ indicated that investors who apply for a license to operate solar power generation fields in a location desired by many will have to submit their project proposals to the Energy Market Regulatory Agency (EPDK) after competing their feasibility studies and necessary documents for licensing. A commission established by TEİAŞ will then select the best offer. The commission, made up of five members, will consider the application that bids the highest amount for the tender.
All of the applications will be considered solar power systems (GES) projects and information on applications that are offered for the same locations will be available on the TEİAŞ website. The applications will be ranked by the commission depending on the highest number of bids. The rest of the applications that are not selected will be out of the ranking but they will be able to bid on different tenders in other locations, on which they have already conducted feasibility studies.
Commenting on the issue, Hüseyin Mert, the director of the GSR Energy Project Development Firm, which built the largest building in Turkey operating on GES --the Denizli Governors Office -- called on investors to consider the major opportunities in the field. He said, We have already determined the most efficient fields to install solar power panels and prepared reports on their power production capacity depending on different technologies so that businesses can invest knowing their profit potential.
Mert noted the high investment potential in the solar power production in the country and explained, However, in terms of developing these proposals, the investors should be careful on working with the right experts and companies that provide advice, adding that some of these companies, GSR being one of them, offer suggestions on locations that are more profitable and have less competition. He said applications need to be submitted on June 10-14, 2013, meaning there is a year left to prepare the documents needed for the proposal.
Noting that the current GES capacity in the country is 600 megawatts (MW), Mert said that since Turkey is located in the sunniest part of Europe, the capacity is expected to increase to over 600 MW. Mert also said it is a great chance for investors since regulations have gone through a much-needed update, which was needed to attract investments in order to cope with Turkeys rising energy needs.
Turkey has become one of the frontrunners in generating renewable energy in recent years, and investment in the sector is growing massively as it has become clear that this is a sector with enormous growth potential. The governments support adds a sense of safety to potential investments. The land features of Turkey and its climate are excellent for generating wind, solar and geothermal power. Accordingly, Turkey has started a major renewable energy and energy efficiency program.
The country aims to increase its clean energy share to 30 percent of its power supply by 2023 -- the 100th anniversary of the republic. With over $40 billion in investment expected in this area, foreign and local investors are expected to see major business development opportunities in solar, wind, geothermal, hydro and all elements of energy efficiency as Turkey has an ideal climate for wind and solar energy investments with an average of more than seven hours of sunshine a day while also bordering the Mediterranean, the Aegean and the Black Sea.
source:TE
