Business Monitor International


Turkey Renewables Report

Published 07 May 2014

  • 37 pages
 
$1,295.00
Turkey Renewables Report

BMI View: Turkey's recent EUR1.2bn solar tender highlights that the country is keen to exploit all of its renewable energy potential - not just its efficacy in the expanding wind sector. Although Turkey has tended to focus on small-scale domestic solar systems, we have previously highlighted that government proposals for solar tenders and ambitious capacity targets present an upside risk to our forecasts. Although we maintain our cautious outlook towards the solar sector, we do expect investor interest to be high - as our underlying view of the Turkish renewables industry is positive.

Despite the dominance of thermal generated electricity, Turkey's renewables sector presents significant growth potential across most technologies, including wind, geothermal and solar power. Turkey has made impressive progress with its renewable energy expansion over the last decade, and across both Western Europe and Central and Eastern Europe (CEE), we see Turkey emerging as a key market; with strong project pipelines, robust growth potential and relatively attractive investment climates for developers.

Key Trends And Developments

  • In January 2014, Toshiba secured a contract to supply equipment, including turbines, generators and condensers, for the 40MW Alasehir geothermal power plant in Manisa province. Equipment installation is scheduled to start in October 2014, with the project expected to come online in 2015. Zorlu Enerji Grubu's subsidiary Zorlu Enerji Elektrik Üretim will construct the power plant.

  • In February 2014, Vestas Wind Systems has signed a framework agreement with Borusan EnBW Enerji, a joint venture between German energy company EnBW and Turkish firm Borusan Holding, to supply turbines for its five planned projects in Turkey. Under the agreement, Vestas will supply its V112-3MW turbines designed for medium wind sites, which will have a total capacity of up to 207MW.

  • Turkey's Energy Market Regulatory Authority (EMRA) is set to launch a tender in May...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Turkey Renewables Forecast Scenario
9
Table: Turkey's Total Electricity Generation, Historical Data And Forecasts, 2012-2017
9
Table: Turkey's Total Electricity generation, Long-Term Forecasts, 2018-2023
10
Table: Turkey's Electricity Generating capacity, Historical Data And Forecasts, 2012-2016
12
Table: Turkey's Electricity Generating capacity, Long-Term Forecasts, 2018-2023
13
Turkey Renewables Projects Database
25
Table: Turkey Key Projects - Renewables
25
Industry Risk Reward Ratings
27
Turkey Renewables Risk/Reward Ratings
27
Rewards
27
Risks
28
Market Overview
29
Sustainable Energy Policy and Infrastructure
29
Targets (Renewables And Emissions)
29
Subsidies
30
Table: Renewable Feed-In Tariffs In Turkey, 2011
30
Infrastructure
32
Competitive Landscape
33
Zorlu Energy Group
33
Aksu Enerji ve Ticaret
33
Vestas
33
Glossary
35
Table: Glossary Of Terms
35
Methodology
36
Methodology And Sources
36
Industry Forecast Methodology
36
Sources
38
Risk/Reward Ratings Methodology
38
Table: Renewables Risk/Reward Rating Indicators
40
Table: Weighting Indicators
42

The Turkey Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Turkey. The report also contains historical data together with forecasts to end-2017 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Turkey, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Turkey, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Turkey Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Turkey renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Turkey to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Turkey renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Turkey, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2017 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

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