Turkey Renewables Report

Providing expert analysis, independent forecasts and competitive intelligence on the Renewables industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BM's Renewables Risk Reward Index, Market Overview, Business Environment Rankings and Competitive Landscape.

Why you should buy this report

  • Benchmark BMI's independent renewables industry forecasts to test other views
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position.
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Turkey Renewables Report
Product Price
$1,295.00

BMI View: Turkey will continue to be a key hotspot for renewables in Europe, due to strong government support in form of ambitious 2023 targets and financial incentives for new capacity developments . While short-term political uncertainty and economic volatility could deter some investors, the government will remain firmly behind renewables expansion plans in order to cut fuel import costs and enhance e nergy security - reinforcing our long-held view that the country will remain a key global renewables market .

Turkey - Headline Renewables Forecasts
2014e 2015f 2016f 2017f 2018f 2019f 2020f 2021f 2022f 2023f 2024f
e/f = estimate/forecast. Sources: EIA, EWEA, BMI.
Generation, Non-Hydropower Renewables, TWh 13.035 15.207 17.604 20.122 22.962 26.370 30.353 35.154 40.433 45.853 51.224
Generation, Non-Hydropower Renewables, % y-o-y 31.344 16.661 15.763 14.305 14.111 14.843 15.106 15.817 15.016 13.406 11.712
Capacity, Non-Hydroelectric Renewables, MW 4,440 5,309 6,256 7,253 8,430 9,841 11,383 12,918 14,494 16,138 17,827
Capacity, Non-Hydroelectric Renewables, % y-o-y 27.1 19.6 17.8 15.9 16.2 16.7 15.7 13.5 12.2 11.3 10.5

Latest Updates And Structural Trends

  • The Turkish Energy Market Regulatory Authority (EPDK) revealed in August 2015 that it will conduct an auction in 2016 for 2GW of wind power generation capacity. The government will award licences to developers to build wind parks in the country. The authority will accept preliminary applications between October 3 2016 and October 7 2016. The 2GW of wind power projects, to be awarded under the auction, are scheduled to be operational by 2020

  • The last wind auction in May 2015 was oversubscribed by 14 times - with the 3GW of allocated capacity receiving bids totalling 42GW.

  • A second election in November 2015 - after the AKP failed to establish a government after the June 2015 election - will cloud the Turkish political environment over the next few months.

  • E.ON announced in its 2014 full year results report that it would limit its investments into Turkey due to a weakening lira (as a part of a strategy to limit exposure to countries with weak and volatile currencies).

  • In June 2015, Nordex SE reported that it had received orders to build a total 55MW of wind farms in Turkey for ARE Electrick at the Kurtkayasi wind park in Central Anatolia and for Suay Enerji Uretim AS for the Adbuk wind park on the Aegean coast. The rotor blades, anchor cages and towards are produced locally, and will therefore qualify the projects for a higher feed-in-tariff.

  • In April 2015, French firm Akuo Energy signed a USD100mn financing deal with the International Finance Corporation (IFC) to build a 77.5MW wind park in central Anatolia region. The IFC will lead and arrange a syndicate of other multilateral agencies or commercial lenders to offer funding for the Baglar RES wind farm. Construction is scheduled to start in July 2015, with commissioning expected in January 2017.

BMI Industry View
7
Table: Turkey - Headline Renewables Forecasts
7
Latest Updates And Structural Trends
7
SWOT
9
Industry Forecast
11
Turkey Renewables Forecast Scenario
11
Latest Updates
11
Structural Trends
12
Table: Ambitious Renewables Targets
13
Table: Total Electricity Generation Data And Forecasts (Turkey 2013-2018)
22
Table: Total Electricity Generation Data And Forecasts (Turkey 2019-2024)
23
Table: Electricity Generating Capacity Data And Forecasts (Turkey 2013-2018)
24
Table: Electricity Generating Capacity Data And Forecasts (Turkey 2019-2024)
25
Turkey Renewables Projects Database
26
Table: Table: Turkey - Top 10 Renewables Projects By Capacity (MW)
26
Industry Risk Reward Index
27
Turkey Renewables Risk/Reward Index
27
Rewards
27
Risks
27
Market Overview
29
Sustainable Energy Policy and Infrastructure
29
Targets
29
Subsidies
30
Table: Renewable Feed-In Tariffs In Turkey, 2011
30
Infrastructure
32
Competitive Landscape
34
Zorlu Energy Group
34
Aksu Enerji ve Ticaret
34
Vestas Wind Systems
34
Glossary
36
Table: Glossary Of Terms
36
Methodology
37
Methodology And Sources
37
Industry Forecast Methodology
37
Sources
39
Risk/Reward Index Methodology
39
Table: Renewables Risk/Reward Index Indicators
41
Table: Weighting Indicators
42

The Turkey Renewables Report researched at source contains BMI Research'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.