Turkey Renewables Report

Published 04 February 2015

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$1,295.00
Turkey Renewables Report

BMI View: Turkey will remain committed to its renewable energy expansion plans in order to reduce fuel import costs at a time when power consumption in the country is set to surge and the lira continues to depreciate. Wind will drive the renewables expansion ; but we highlight that the upsides are mounting for growth in solar capacity.

Despite the dominance of thermal generated electricity, Turkey's renewables sector presents significant growth potential across most technologies, including wind, geothermal and solar power. Turkey has made impressive progress with its renewable energy expansion over the last decade, and across both Western Europe and Central and Eastern Europe (CEE), we see Turkey emerging as a key market; with strong project pipelines, robust growth potential and relatively attractive investment climate for developers.

Key Trends And Developments

  • Zorlu Enerji's wholly-owned subsidiary Zorlu Dogal Elektrik Uretimi received the preliminary licence for the 100MW Kizildere III JES geothermal project in Denizli in December 2014. The license was awarded by the Turkish energy market regulator.

  • Chinese solar modules manufacturer China Sunergy (CSUN) signed a memorandum of understanding (MoU) with Turkish financial leasing company Deniz Finansal Kiralama to fund solar projects in Turkey in November 2014. According to the terms of the MoU, DenizLeasing will facilitate and provide capital leasing for up to 100MW of PV projects, deploying CSUN's solar modules and other components.

  • In January 2015, Turkey's Energy and Natural Resources Minister Taner Yildiz stated that exploiting renewable resources remains a priority for the government and the country had saved USD850mn in energy imports over 2014 as a direct result of the expanding renewables industry.

  • The World Bank announced in July 2014 that it has provided the Turkish grid operator with a USD350mn loan to help integrate wind projects into the national grid system.

  • Gamesa secured...

Table of Contents

BMI Industry View
5
SWOT
6
Industry Forecast
8
Turkey Renewables Forecast Scenario
8
Table: Turkey's Total Electricity Generation, Historical Data & Forecasts, 2012-2017
8
Table: Turkey's Total Electricity generation, Long-Term Forecasts, 2018-2023
9
Table: Turkey's Electricity Generating Capacity, Historical Data & Forecasts, 2012-2016
11
Table: Turkey's Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
12
Turkey Renewables Projects Database
23
Table: Turkey Key Projects - Renewables
23
Industry Risk Reward Index
24
Turkey Renewables Risk/Reward Index
24
Rewards
24
Risks
25
Market Overview
26
Sustainable Energy Policy and Infrastructure
26
Targets (Renewables And Emissions)
26
Subsidies
26
Table: Renewable Feed-In Tariffs In Turkey, 2011
27
Infrastructure
29
Competitive Landscape
30
Zorlu Energy Group
30
Aksu Enerji ve Ticaret
30
Vestas Wind Systems
30
Glossary
32
Table: Glossary Of Terms
32
Methodology
33
Methodology And Sources
33
Industry Forecast Methodology
33
Sources
35
Risk/Reward Index Methodology
35
Table: Renewables Risk/Reward Index Indicators
37
Table: Weighting Indicators
39

The Turkey Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Turkey. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Turkey, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Turkey, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Turkey Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Turkey renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Turkey to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Turkey renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Turkey, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc