Turkish government approves feed-in tariff
After months of speculation surrounding the country’s
solar feed-in tariff, Turkey has now made photovoltaic
power generation subsidy payments law. Under the
regulation, payments for renewable energy generation
will be determined as dollar cent, as opposed to
Euro cent, in Turkish Parliament.
Accordingly, prices for RES plants are as follows:
Solar: US$13.3 cents,
Biomass (including landfill gas): US$13.3 cents
Geothermal: US$10.5 cents
Hydroelectric: US$7.3 cents
Wind energy: US$7.3 cents
The feed-in tariff will also support concentrated
solar power (CSP) and hybrid power plants.
These prices will be applied for ten years to those
which apply for RES between May 18, 2005 and December
31, 2015. For companies beginning operation later
than December 31, 2015, the FiT rates will be determined
by the Council of Ministers.
Taner Yildiz, Energy and Natural Resources Minister
said, “Turkey's climate and also political
stability are suitable for RES investments.”
The licensing will be arranged by the supervisory
Energy Market Regulatory Board, taking into consideration
of Interior Ministry, Energy and Natural Resources
Ministry, and also State Hydraulic Works’ opinions.
Further, if the products utilized for the plants
carry the ‘Made in Turkey’ stamp, additional
credit will be given for five years after the facility's
establishing date. This support will be applied from
US$0.4 to 2.4/kWh.
There is however a 600MW cap in place up until December
31, 2013. For applications later than that date,
the Council of Ministers will be authorized to determine
total installed power.
For the first decade, 85% discount will be applied
for the power grid permission, lease, easement and
certificate of occupancy fees for the facilities
which will be established until December 31, 2015.