This market report offers an incisive and reliable overview of the wind energy sector of the country for the period 2017 ÷ 2026...
Update: April, 2018; NOTE: We have a new version of this report for the 2024 - 2033 period. Please review it here: https://renewablemarketwatch.com/country-reports/europe/turkey
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 127
Report production №: RMWIN3492017356
Delivery: 24 - 48 hours by e-mail
-
Product info
-
Table of contents
-
List of maps, charts and tables
-
Request a sample
This market report offers an incisive and reliable long-term overview of the wind sector of the country for the next long period 2016 ÷ 2025. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy, Turkey represents a stable investment environment in South-East Europe with clear rules and green certificates support scheme. Current cumulative installed wind capacity in the country is growing fast and Turkey is one of the best performers amongst SEE countries between 2010 and 2017.
Wind power in the country grew by 27.5%, from 4,498.4 MW in 2015 to 5,738.4 MW in 2016. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Turkish wind market. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report are, but no limited to:
- Overview of the Turkish political and economic environment (PEST analysis)
- Wind resource potential in Turkey
- Financial Model and Analysis of 50 MW Wind Power Plant investment inTurkey (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables and maps
- Overview of Turkish wind market development 2000 ÷ 2026
- Grid connected wind power installations
- Future market trends and planned wind projects for 2017 ÷ 2026
- Market prices of fully permitted and operational wind projects
- Turkish legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in wind sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com
TABLE OF CONTENTS 3
FOREWORD 8
1 METHODOLOGY AND LIMITATIONS 10
1.1 Research Methodology 10
1.2 Limitations 11
2 EXECUTIVE SUMMARY 12
2.1 Historical and Current Development Overview of Wind Power Market in Turkey 12
2.2 Turkey Wind Resource Potential 13
2.3 Key Stakeholders Affecting Wind Power Market Development in Turkey 13
2.4 Market Drivers and Constraints 14
2.5 Mandatory Engineering Measurements for Wind Power Projects in Turkey 15
2.6 Amendments in Renewable Enerrgy Sources (RES) Legislation in Turkey for Unlicensed Market Segment (< 1 MW) 15
2.7 Market Forecast Summary 15
3 TURKEY POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS 17
3.1 Basic Country Data 17
3.2 Political Climate and Ruling Party 20
3.3 GDP and Economic Growth 22
3.4 Taxes 26
3.4.1 VAT 26
3.4.2 Income and Corporate Taxes 27
4 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET 28
4.1 General Electricity Market information 28
4.2 Wind Power in Energy Sector 34
4.3 Single Electricity Market 37
5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) WIND POWER MARKET 40
5.1 Market Overview 40
5.2 Cumulative Installed Wind Power Capacity and Revenue 41
5.3 Annual Installed Wind Power Capacity and Revenue 42
5.4 Future Development Trends 43
6 TURKEY POWER MARKET 44
6.1 Electricity Transmission and Distribution 44
6.2 Electricity Consumption and Generation 47
6.3 Electricity Imports and Exports 48
6.4 Electricity Prices for Business and Households 50
6.5 Renewable Energy Sources (RES) Targets 51
7 TURKEY WIND POWER MARKET 54
7.1 Why Invest in Wind Power Power in Turkey? 54
7.2 Turkey Wind Resource Potential 55
7.3 Licensing Period Duration 57
7.4 Regional Substation Capacities for Wind Power Projects in Turkey 58
7.5 Overview of Wind Power Market in Turkey 58
7.6 Market Structure Analysis 62
7.7 Investment Trends and Development Roadmap 62
7.8 Competitive Environment in Licensed Wind Power Market 62
7.9 Competitive Environment in Unlicensed Wind Power Market (< 1 MW) 64
7.10 Profiles of Key Players and Investors in Licensed Wind Power Market 65
7.11 Profiles of Key Players and Investors in Unlicensed Wind Power Market (< 1 MW) 66
7.12 Cumulative Installed Wind Power Capacity and Revenue 66
7.13 Annual Installed Wind Power Capacity and Revenue 68
7.14 Market Prices for Wind Power Projects in Turkey in Development, Ready to Build and Operational (Grid Connected) Condition 69
7.15 Key Cost Structure Elements of Wind Power Plant in Turkey 70
7.16 Levelized Cost of Energy (LCOE) for Wind Power in Turkey 70
7.17 Key Wind Power Projects in Turkey Under Development 71
7.18 Mergers and Acquisitions 75
8 DRIVERS AND CONSTRAINTS OF WIND POWER MARKET IN TURKEY. SWOT ANALYSIS 77
8.1 Market Drivers 77
8.2 Market Drivers Explained 77
8.3 Market Constraints 78
8.4 Market Constraints Explained 78
8.5 SWOT Analysis 78
9 FINANCIAL ANALYSIS OF WIND POWER MARKET IN TURKEY 81
9.1 Financing Options of Wind Power Projects in Turkey 81
9.2 Financial Model and Analysis of 5o MW Wind Power Plant investment in Turkey (IRR, WACC, Payback, NPV, Cash Flow, etc.) 87
10 TECHNOLOGY ANALYSIS 89
10.1 Wind Power Technology Overview 89
10.2 Technology Trends 90
11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE 93
11.1 RES Regulations and EU Directives 93
11.1.1 Precedent EU regulations 94
11.1.2 Most recent EU renewable energy policy developments 94
12 TURKEY RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 95
12.1 Main Laws and Regulations 96
12.2 Support Schemes 97
12.3 Mandatory Engineering Measurements for Wind Power Projects in Turkey 98
12.4 Competition Regulation (Tender Procedure) 99
12.5 Zoning, Planning and Construction Related Authorizations 100
12.5.1 Zoning Plans Procedure 100
12.5.2 Building Permit (Construction License) Procedure 100
12.5.3 Operation License Procedure 101
12.6 Environmental Related Authorizations 101
12.6.1 Natura 2000 Network 102
12.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 102
12.7 Energy Law Authorizations 103
12.7.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 103
12.7.2 Grid Interconnection 105
12.7.3 Power Off-Take 105
12.7.4 Feed-in tariff (FIT) 105
12.7.5 RES Certificates (Guarantees of Origin) 107
12.7.6 Amendments in Renewable Energy Sources (RES) Legislation in Turkey for Unlicensed Market Segment (< 1 MW) 107
12.8 Additional Incentives for Domestic Procurement 108
12.9 Future Market Pricing Mechanisms 109
13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN TURKEY 110
13.1 Government Stakeholders 110
13.2 Non-Government Stakeholders 112
13.3 Electricity Generation, Transmision System Operator (TSO) and Distribution System Operators (DSO’s) 113
14 CONCLUSIONS AND RECOMMENDATIONS 117
15 LIST OF ABBREVIATIONS 120
16 REFERENCES 122
17 DISCLAIMER 124
APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND TURKEY 126
Map 1: Where is Turkey on the World Map 17
Map 2: Major Transport Corridors Passing Through Turkey 18
Map 3: Turkey Regions 19
Map 4: Turkey Electricity Grids Network 46
Map 5: Wind potential of Turkey at 80 m.a.g.l 56
Map 6: Turkey Wind Speed and Power Density Map at 50 m 57
Map 7: Hydro Power Plants of EUAS 116
Map 8: Thermal Power Plants of EUAS 116
Map 9: Districts Covered by TEDAS and DSO’s 117
Map 10: Turkey Mean Wind Speed at 80 m.a.g.l 126
Map 11: Mean 80-m Wind Speeds in Europe; Stanford University 126
Map 12: Global Mean Wind Speed at 80 m.a.g.l 127
MAP 13: European Wind Atlas 128
MAP 14: Unrestricted Technical Potential for Onshore Wind Energy up to 2030 129
Chart 1: Real GDP Growth for the Period 2000 ÷ 2026 (including forecast) 23
Chart 2: Turkish GDP Growth Compared to EU-27 for the Period 2000 ÷ 2026 (including forecast) 24
Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries 26
Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and South-East Europe (SEE) in 2017 28
Chart 5: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries, 2017 (in %) 30
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2008 - 2017 31
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 32
Chart 8: Net Power Generation Added Capacities in the EU 28 in 2017 (MW) 33
Chart 9: Age of Power Plants in Europe in 2017 34
Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2017 (MW) 35
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share (in %) 2000 – 2017 35
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU 27 for 2017 (GW) 36
Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2026, including forecast 40
Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2026, including forecast 41
Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2026, including forecast 41
Chart 16: Annual Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2026, including forecast 42
Chart 17: Existing and Planned High Voltage Interconnection Power Lines of Turkey with Neighbor Countries 43
Chart 18: Historical Structure of Power Market in Turkey from 1983 to 2017 44
Chart 19: Share of RES Electricity from Total Installed Power Capacity in Turkey in 2017 46
Chart 20: Turkey Total Annual Electricity Consumption (in TWh) 2000 ÷ 2017 47
Chart 21: Turkey Power Generation Capacity Breakdown by Source (Fuel) Type in 2017 47
Chart 22: Electricity Imports and Exports in Turkey 2000 ÷ 2026 (in TWh) including forecast 48
Chart 23: Turkish Targets for Renewable Energy Sources by 2023 (in %) set by the State Planning Organization 51
Chart 24: Cumulative Installed Capacity of Wind Power Plants in Turkey (in MW) 2000 ÷ 2026, including forecast 66
Chart 25: Cumulative Revenue of Wind Power Plants in Turkey (in Millions USD) 2000 ÷ 2026, including forecast 66
Chart 26: Annual Installed Capacity of Wind Power Plants in Turkey (in MW) 2000 ÷ 2026, including forecast 67
Chart 27: Annual Revenue of Wind Power Plants in Turkey (in Millions USD) 2000 ÷ 2026, including forecast 67
Chart 28: Market Prices for Licensed Wind Power Projects in Turkey for 2017 ÷ 2026 in Development, Ready to Build and Operational (Grid Connected) Condition 68
Chart 29: Levelized Cost of Energy (LCOE) for Wind Power in Turkey 69
Chart 30: TURSEFF Structure 82
Chart 31: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Turkey 87
Chart 32: Wind Power System Price Evolution (€/MW) 1990 ÷ 2017 90
Chart 33: Market Shares by Sales of the Major Electricity Distribution Companies in Turkey in 2017 112
Table 1: Electricity Prices for Business and Households 49
Table 2: Support Schemes for RES Generation in the EU Countries and Turkey 53
Table 4: Market Prices for Unlicensed Wind Power Projects in Turkey for 2017 ÷ 2026 in Development, Ready to Build and Operational (Grid Connected) Condition 68
Table 5: Key Cost Structure Elements of Wind Power Plant in Turkey 69
Table 6: Database with Major Operational (Grid Connected), Under Construction and Planned Wind Power Projects in Turkey 71
Table 7: Key Financial Parameters of 50 MW Wind Power Plant Investment in Turkey 86
Table 8: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Turkey (IRR, NPV, Payback, Benefit-Cost) 86
Table 9: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Turkey 87
Table 10: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Turkey (Pre-tax, After-tax, Cumulative) 88
Table 11: Wind Turbine Prices in 2017 91
Table 12: Feed-in-tariffs for Electricity from Renewable Energy Sources (RES) in Turkey 105
Table 13: Additional Incentives to Feed-in-tariffs for Electricity from Wind Power Sources in Turkey for Use of Domestic (Local) Procurement Elements 108