Turkey Renewables Report

Published 20 July 2015

  • 41 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Turkey Renewables Report

BMI View: A heavy reliance on gas-imports, coupled with a weakening currency, is providing tailwinds for Turkey's ambitious renewable energy expansion plans. With favourable conditions for wind , solar and geothermal power, renewable energy will present an increasingly attractive option for Turkey to enhance its energy security and cut fuel import costs , aligning with our long-held view that the country is becoming a key renewables market in the region.

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 and manufacturing hub; with strong project pipelines, robust growth potential and relatively attractive investment climate for developers.

Key Trends And Developments

  • 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.

  • Several districts in Istanbul suffered power blackouts in April 2015, increasing concerns about election security in the approaching June polls. A number of districts and neighbourhoods located in central Istanbul - including Besiktas, Taksim, Levent, Sisli, Kadikoy, Eyup, Kagithane - as well as in the European part of the city were hit by severe power outage. A similar incident affected 79 provinces in Turkey on March 31, paralysing business activity across the country.

  • In April 2015, French firm Akuo Energy signed a USD100mn financing deal with the International...

BMI Industry View
5
SWOT
7
Industry Forecast
9
Turkey Renewables Forecast Scenario
9
Table: Total Electricity Generation Data And Forecasts (Turkey 2013-2018)
9
Table: Total Electricity Generation Data And Forecasts (Turkey 2019-2024)
10
Table: Electricity Generating Capacity Data And Forecasts (Turkey 2013-2018)
11
Table: Electricity Generating Capacity Data And Forecasts (Turkey 2019-2024)
12
Turkey Renewables Projects Database
25
Table: Turkey Key Projects - Renewables
25
Industry Risk Reward Index
26
Turkey Renewables Risk/Reward Index
26
Rewards
26
Risks
26
Market Overview
28
Sustainable Energy Policy and Infrastructure
28
Targets (Renewables And Emissions)
28
Subsidies
28
Table: Renewable Feed-In Tariffs In Turkey, 2011
29
Infrastructure
30
Competitive Landscape
32
Zorlu Energy Group
32
Aksu Enerji ve Ticaret
32
Vestas Wind Systems
32
Glossary
34
Table: Glossary Of Terms
34
Methodology
35
Methodology And Sources
35
Industry Forecast Methodology
35
Sources
37
Risk/Reward Index Methodology
37
Table: Renewables Risk/Reward Index Indicators
39
Table: Weighting Indicators
40

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.

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