New FIT for Turkey

The Turkish government has announced a new feed-in tariff (FIT) system to support renewable energy, extending the incentives for PV systems.

The government is hoping to reach 30% of its energy supply via renewable energy by 2023, and has been on track since its first renewable energy law was implemented in 2005. The first law saw incentives at €0.05 per kWh, but the new FIT could raise that number to €0.13 per kWh.

An additional bonus of up to €0.06 per kWh will be paid for PV systems made of locally produced components with €0.09 per kWh being paid for all CSP plants built with local equipment. The tariffs considered will only be applied to licensed energy producers, thus an authorization before feeding energy to the grid is required which could represent an impediment for private, small-scale systems investors. At the same time, the total production capacity of these licensed solar energy companies is capped at 600 MW per year until December 31, 2013 according to the law.

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