Business Monitor International


Turkey Renewables Report

Published 20 February 2014

  • 37 pages
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$1,295.00
Turkey Renewables Report

BMI View: Despite the political unrest and challenging economic picture, Turkey's renewable energy industry has emerged seemingly unscathed. High levels of investment, continued support from development banks, a strong project pipeline, and a growing manufacturing supply industry is helping position Turkey as a regional renewable energy hub. That said, we will continue monitoring the business environment, looking particularly at project financing risks , which could hinder the expansion of the renewables industry.

Despite the predominance 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, with non-hydro renewables capacity increasing from 132MW in 2000 to more than 3,300MW in 2013, according to our estimates.

Key T rends A nd 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.

  • Nordex secured a contract to supply turbines totalling 37.6MW for three wind projects in the country in January 2014: the 9.6MW Aliaga RES project developed in Izmir region, the 18MW Cesme wind farm also in Izmir and expansion of the Akres project in Akhisar. The construction of the three projects is scheduled to begin later in 2014.

  • It was announced in February 2014 that Turkey will soon be offering both financial and technical assistance to Jordan to help develop renewable energy projects in the country, alongside help in other industries.

  • It was announced in May 2013 that Enerjisa, a joint venture (JV) between Turkey's

Table of Contents

BMI Industry View
5
SWOT
7
Renewables SWOT
7
Industry Forecast
9
Industry 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
Renewables Projects Database
24
Table: Turkey Key Projects - Renewables
24
Industry Risk Reward Ratings
26
Turkey Renewables Risk/Reward Ratings
26
Rewards
26
Risks
26
Market Overview
28
Sustainable Energy Policy and Infrastructure
28
Targets (Renewables And Emissions)
28
Subsidies
29
Table: Renewable Feed-In Tariffs In Turkey, 2011
29
Infrastructure
31
Competitive Landscape
32
Zorlu Energy Group
32
Aksu Enerji ve Ticaret
32
Vestas
32
Glossary
34
Table: Glossary Of Terms
34
Methodology
35
Industry Forecast Methodology
35
Sources
37
Risk/Reward Ratings Methodology
37
Table: Renewables Risk/Reward Rating Indicators
39
Table: Weighting Indicators
41

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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc