Renewable and sustainable energy policies in Turkey

Abstract

Due to the current development in the renewable energy sector and the investor-friendly possibilities such as the feed-in tariffs in the different sub-sectors of the renewable energy, might be interesting for the Dutch companies, industries and other interested that deal with renewable energy. As the 17th largest economy in the world and 6th largest in Europe, Turkey is experiencing an increase in its energy demand. Turkey has become one of the fastest growing energy markets among the OECD countries in the world. Turkey’s energy policies and strategies are based on energy supply security, alternative energy resources, diversity of energy resources, utilization of domestic energy resources to create additional value to economy, liberalization of energy markets, and energy efficiency. Due to this perspective, special emphasis has been made to maximum utilization of local and renewable energy resources as highest priority. The rapid pace of urbanization, the positive demographic trends, the economic expansion and rising per capita income are the main drivers of the energy demand. The energy demand is estimated to increase around 2-4% yearly until 2030. The Turkish government has made it a priority to increase the share of renewable sources in the country’s total installed power to 30% by 2030.