� Business Monitor International Ltd Page - nuclear capacity into our ---year forecast, due to the Akkuyu power plant project being riddled with uncertainty, and coal failing to boost its share beyond -- over the same timeframe, non-hydropower renewables will be the driver of such diversification efforts. Turkey remains at the top of our Risk/Reward Index for Central and Eastern Europe due to the large opportunities available to investors relative to the region. ...This will be particularly pertinent in the country s solar segment, which is reliant on equipment imports. Conversely, wind power equipment manufacturing has a strong base in Turkey, meaning the sector is relatively insulated from a weak lira due to the availability of USD feed-in-tariffs that offset the instability of the market. Turkey made a series of changes to its renewable energy support mechanism in June ----. ...Turkey made a series of changes to its renewable energy support mechanism in June ----. Applicants to the country s feed-in-tariff scheme will no longer compete for access to grid-connections by bidding on a price offered per megawatt (MW) installed at the facility, but rather by bidding on the electricity price on top of the feed-in-tariff whereby the lowest bidder will win.
...The failed coup attempt in July ----, and the following period of power consolidation by the AKP, have had little impact on our outlook for the Turkish non-hydropower renewables sector. We stress that the same government remains in power - with a strong track-record of creating a business environment conducive to investment. ...We stress that the same government remains in power - with a strong track-record of creating a business environment conducive to investment. The political importance of power mix diversification away from imported natural gas will ensure that government support for non-hydropower renewables remains robust over the coming several years. Turkey aims to deploy --.-GW of non-hydropower renewables capacity by ---- - with wind power comprising --GW, solar power -GW, biomass -GW and geothermal -.-GW. ...with the gas-sector forecast to comprise --.- of total power generation in ----.
...BMI View: Turkey s wind sector will remain the main driver of growth in Turkey s non-hydropower renewables segment, as good climatic conditions, a well-established equipment supply chain, strong investor interest and robust government support will ensure continued traction in the segment. We have improved our solar power outlook, but we maintain that growth will remain below potential due to few indications that bureaucratic capacity to handle new solar power tenders will be sufficient to ensure the timely development of awarded capacity. ...
