Turkey’s Ministry of Energy has recently announced plans of launching a 1 GW solar tender under the national Yeka (Yenilenebilir Enerji Kaynak Alanları) renewable energy program.
According to Mr. Hasan Okur, Partner at EVG Attorney Partnership, unlike the previous USD based YEKAs, the new tender will be held in Turkish lira. This is pursuant to a recent amendment to the Law on Use of Renewable Energy Source Areas for Power Generation numbered 5346, according to which all new YEKAs will be tendered in Turkish Lira.
Invest In Network, a UK based consultancy has interviewed Mr. Okur to find out what the requirements of YEKAs held in 2017 and 2019 were as well as what other support mechanisms there are for renewable energy producers in Turkey.
In particular, the following questions have been addressed:
• What were the requirements for YEKA tenders held in 2017 and 2019 (in particular, with regards to the share of Turkish ownership and the share of locally manufactured technologies)?
• Are there any plans to announce YEKA tenders for geothermal/biomass-fuelled plants?
• What other renewable energy support mechanisms are available in Turkey?
• What are the main results of the Renewable Energy Support Scheme (YEKDEM) launched in 2011 and coming to an end this year?
• Are there any plans to introduce a new renewable energy support mechanism after 2020?
The full interview is included in Invest In Network’s Market Update availablehere.