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Emerging European Markets : Resilient in the crisis ? Policies , Markets & Programmes. Dr. Yüksel MALKOÇ TWEA Vice President. Outline. Turkey’s current financial outlook , Demand growth and supply development , Wind potential and capacity development ,

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Dr. Yüksel MALKOÇ TWEA Vice President

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Dr y ksel malko twea vice president

EmergingEuropeanMarkets: Resilient in thecrisis? Policies, Markets & Programmes

Dr. Yüksel MALKOÇ

TWEA VicePresident


Outline

Outline

  • Turkey’scurrentfinancialoutlook,

  • Demandgrowthandsupplydevelopment,

  • Windpotentialandcapacitydevelopment,

  • Policyandregulatoryenvironment of therenewableenergy market,

  • Currentwindprojectsandotherinvestmentareas in thewind market.


Current financial outlook and electricity demand growth

CurrentFinancial Outlook andElectricityDemandGrowth


Electricity demand

ElectricityDemand


Installed capacity development

InstalledCapacityDevelopment


Wind potential

WindPotential

  • Turkey has substantial amount of renewable energy potential and the

  • utilization rates are growing. Hydro, wind and solar energy resources

  • are the major portions of our renewable portfolio.

  • Turkey has at least;

  • 160000 GWh/a. economichydro,

  • 48000 MW windcapacity

  • 380000 GWh/a. solar (*)

  • 31500 MWtgeothermalcapacity

  • 8,6 MTOE biomass

  • 1,5-2 MTOEbiogas

  • (*) Consideringtheparabolic CSP technologies.


Wind potential1

WindPotential

Wind speed distribution, 50 m agl


Wind potential2

WindPotential

Wind energy potential (annual average wind speed>7 m/s), 50 m a.g.l.


Wind potential and capacity development

WindPotentialandCapacityDevelopment


Dr y ksel malko twea vice president

  • WPPs in Operation

  • WPPs in Construction

  • LicencedWPPs


Dr y ksel malko twea vice president

Competitive MarketStructure

State:

- Macro scale policy developmentthroughMinistry of Energy and Natural

Resources (MENR)

- Regulations, control, supervision of marketsthrough Energy MarketRegulatory Authority(EMRA)

Private Sector: Generation, distribution, trade

Energy Market –Structure


Dr y ksel malko twea vice president

EnergyPolicy

  • Energy security and sustainable energy supply are among the main policy concerns of Turkey. Turkey attributes significant importance to;

  • encouraging the energy production from renewables in a secure, economic and cost effective manner,

  • expanding the utilization of our renewable resources for generating electrical energy,

  • increasing the diversification of energy resources,

  • reducing greenhouse gas emissions,

  • making use of waste products and protecting the environment,

  • developing the related mechanical and/or electro-mechanicalmanufacturing sector.


Dr y ksel malko twea vice president

Strategy

  • Turkish Government revised the “Electricity Energy Market and Supply Security Strategy Paper” in 2009. In this paper, some targets defined related with renewables until 2023are as follows;

  • At least 30% of total electricity production from renewables,

  • The whole economically feasible hydropower potential of Turkey

  • will be provided for generating electrical energy,

  • 600 MWe geothermal energy will be implemented,

  • 20,000 MW capacity of wind power plant will be in operation,

  • Utilization of solar energy for generating electrical

  • energy will be expanded.


Strategy roadmap

StrategyRoadmap

Untilnow, TEIAS has confirmedconnection of around 12.5 GW WPPs. TEIAS announcedinvestmentsin transmissioninfrastructureandthuswillbe ableto deliver 1 GW eachyearstartingfrom2013 until 2020. All in all, TEIAS has declaredthatthegridconnectionwill be abletosupportthe“20 GW WPP by 2023” target of SupplySecurityStrategyPaper.


Policy and regulatory environment

PolicyandRegulatoryEnvironment


Trade possibilities

TradePossibilities


Export opportunities

ExportOpportunities

CurrentlyTurkey has interconnectionswithGreece, Bulgaria, Georgia, Armenia, Iran, Iraq, andSyria; however, so far importandexport

fi guresarealmostnegligible in comparisontoTurkey’soverallelectricitydemandEventually, ENTSO-E synchronizationwillincreasetheamount

traded. In 2010, Turkeyimported 1,883 GWhandexported 2,674 GWh of electricity. Themapbelowillustratestheexistinginterconnectioncapacities

andthetableindicatesseasonalcapacities.


Incentives provided in the new renewable energy law

Incentives provided in the New RenewableEnergyLaw

  • The New Law provides a Renewable Energy Support Mechanism ("Mechanism") which covers different incentives and benefits for renewable energy projects including feed-in tariffs (fixed minimum electricity sale prices). The New Law covers different feed-in tariffs depending on the type of the renewable energy projects as follows:

    • Turkish Lira equivalent of USD 0.073 per kWh for hydroelectric power plants,

    • Turkish Lira equivalent of USD 0.073 per kWh for wind power plants,

    • Turkish Lira equivalent of USD 0.105 per kWh for geothermal power plants,

    • Turkish Lira equivalent of USD 0.133 per kWh for biomass power plants, and

    • Turkish Lira equivalent of USD 0.133 per kWh for solar power plants.

  • The above mentioned feed-in tariffs will be applicable for the legal entities holding generation licenses which start operations during the period from 18 May 2005 to 31 December 2015 and for a period of ten years from the operation date.

  • The New Law also features further price incentives from 0,004 to 0,024 kWh for the license holders which use locally produced mechanical and/or electro-mechanical equipment/components in renewable energy facilities, for a five-year term provided that they start producing energy before the end of 2015.


Incentives provided in the new renewable energy law1

Incentives provided in the New RenewableEnergyLaw

  • Purchase guarantee and guaranteed feed price,

  • An option to make use of forested land and state-owned land to construct a renewable energy plant,

  • A 99 per cent reduction in the license application fees,

  • Exemption from annual license fee payments,

  • Ability to purchase electricity from private wholesale andgenerationcompanies,

  • Promote the manufacturing of renewable energy plant equipment in Turkey,

  • Priorityforsystemconnection,

  • Purchasingpriority,

  • Eligibleconsumers (>25000 kWh/year),

  • Renewable energy plant investments up to 500kW and micro-cogeneration plant investments are exempt from license and company establishment requirements and they can be connected to the grid,

  • WPPs lower than 10 MW capacity are exemptfrom EIA reportliability,

  • Additionalrevenue generation for renewable power projectsexists in Turkey through voluntary or verifiedemissionreductioncredits (VERs),

  • Others (localandotherministries)…


Dr y ksel malko twea vice president

3527 MW

(93 Projects)

+

7571 MW

+

8902 MW

=20.000 MW

2027 MW

SingleApplication

(61 Projects)

5544 MW

TEİAŞ Races

(147 Projects)

1800 MW

Operation

600 MW

UnderConstruction

TURKEY

IS THE BIGGEST MARKET

IN EUROPE

11.098 MW


Dr y ksel malko twea vice president

48.000 MW

Techno-economic potential

Turkish Wind Energy Sector

will show a rapid development

in the coming years.

20.000 MW

2023 Target

11.000 MW

Licensed WPP Project

1800 MW

Operation

600 MW

Under

Construction


Dr y ksel malko twea vice president

THANK YOU FOR YOUR ATTENTION….

Dr. Yüksel MALKOÇ

TÜREB/TWEC VicePresident

[email protected]


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