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2021-03-18 12:15:00

TURKEY'S SOLAR POWER 9.4 GW

TURKEY'S SOLAR POWER 9.4 GW

ENERDATA18 Mar 2021 - The Ministry of Energy and Natural Resources of Turkey has received 709 applications totalling 9,440 MW for 74 upcoming mini solar Renewable Energy Resource Zone (YEKA) tenders with a quota of 1 GW in 36 provinces throughout the country. The tenders were oversubscribed 9.6 times on average and they are expected to raise US$1bn in investments. Bidders had to submit an offer for at least 20 MW, at a ceiling price of TRY0.35/kWh (€3.89c/kWh). Winners will sign 15-year power purchase agreements (PPAs) with the state.

Turkey aims to produce 50% of its electricity from renewables by 2023 (up from 44% in 2019). Solar accounts for around 7% of Turkey’s installed capacity, with 6 GW at the end of 2019.

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Tags: TURKEY, SOLAR, RENEWABLE
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