2019-12-14
http://w3.windfair.net/wind-energy/news/33079-windeurope-turkey-spotlight-development-currency-financing-onshore-offshore-target-government-support

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Wind Industry Profile of


Spotlight on Turkey

The Turkish wind energy market has been booming lately thanks to strong government support. But the future is still uncertain...

Image: WindEuropeImage: WindEurope

Turkey has 7.6 GW of wind energy installed today, which accounts for 7.5% of the power mix and 7,000 jobs, as WindEurope notes. But since the Turkish currency Lira has been depreciated in 2016, it has become significantly harder to finance wind energy projects.

Now there is additional uncertainty about the policy framework as the YEKDEM FiT expires at the end of 2020. So far the Turkish government has yet to decide if they will replace it, but at the moment there's no clear schedule for future YEKA auctions. These auctions started 2 years ago and have already awarded 2 GW of new capacity.

Nevertheless, the government expressed strong support for wind energy in the past, even talking about becoming a leading offshore wind nation. It would be necessary to develop floating offshore wind to do so, as the coastlines are often met by deep waters.

The government talks about a wind energy target of 25 GW by 2030. If the country will be able to reach this goal is currently unclear though.

Source:
WindEurope
Author:
Windfair Staff
Email:
press@windfair.net
Keywords:
WindEurope, Turkey, spotlight, development, currency, financing, onshore, offshore, target, government, support



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