It was recently reported that Turkey’s daily power generation from wind plants hit a new record, with approximately 16.8% of the total power being generated from wind turbines, demonstrating the increasing role of renewable energy in Turkey’s power generation. Does this therefore also highlight a shift away from non-renewable energy sources?
Levent Lezgin Kılınç, Founding Partner of Kılınç Law & Consulting, an Istanbul-based commercial law firm, will examine the case for renewable energy in Turkey in light of this, and assess the current renewable energy policies in Turkey and the institutions in place to regulate entities operating in the region. These institutions include the Ministry of Energy and Natural Resources and Energy Market Regulatory Authority.
Current Turkish energy policy emphasises an increase in the adoption of renewable energy. It has been planned that the share of renewable energy resources in electricity production is to increase to at least 30% by 2023, and the government is in the process of implementing incentives such as feed-in tariffs and investment incentives for renewable energy.
The region has adopted several targets to generate electricity from renewable sources, set by Electricity Market and Security of Supply Strategy in 2009. Renewable energy targets can generate approximately 275,000-545,000 direct job opportunities in the energy sector, as well as an approximate fossil fuel saving of 790,000 tonnes of natural gas and 464,000 cubic meters by 2023.
Levent will put forward that renewable energy has a key role to play in shifting dependency away from fossil fuels in Turkey. The region is of strategic importance for oil and natural gas producers and is also well positioned as an energy market for the future. For this reason, it is crucial for Turkey to utilise a variety of energy sources, ranging from imported oil and natural gas to renewables, to ensure supply security and continuity as well as to further develop energy transportation projects.