It took over 1.5 years of heated discussion for Turkey’s parliament to reach consensus on reforming the country’s Renewable Energy Law of 2005. The new legislation finally took effect at the end of 2010. Despite the reservations of industry insiders, who say the revamped law falls far short of being a paradigm shift towards a sustainable, climate- and environment-neutral energy policy, Turkey’s Minister of Energy and Natural Resources, Taner Yildiz, still considers the new law a success.
The new law did not, for instance, increase the feed-in tariffs for wind energy, which are guaranteed for a period of ten years. In fact, the change from 5.5 eurocents to 7.3 dollarcents effectively represents a decrease, given current exchange rates. Dr. Marcus Kopp of Germany Trade & Invest, Istanbul, notes that while the wind energy industry had hoped for a better outcome, it now at least has some certainty going forward. According to Kopp, wind energy remains an economically viable proposition in Turkey’s high-wind locations.
However, potential wind farm investors and operators still need to successfully complete a complex and challenging licensing process, which begins when they lodge their permit application with the energy market regulator in Ankara. So far, only a small fraction of the over 750 applications lodged with the authority to date have actually been processed.
Turkey currently has a total of around 1,200 MW of installed wind generation capacity. According to market forecasts, this figure will rise by 300 MW in 2011 – a relatively most increase, considering Turkey’s fast growing economy and steadily rising electricity demand. Clearly, then, there is still major potential for further investment in wind energy along the country’s 7,000 kilometer-long coastline.
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