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Renewables in Turkey get USD 6.4bn in incentive payments in 2019 - report

The 1.16-MWp solar park in Turkey.Image by: IBC Solar (www.ibc-solar.com).

January 23 (Renewables Now) - Renewable energy plants in Turkey have received incentive payments totalling around TRY 38.04 billion (USD 6.41bn/EUR 5.78bn) under the Renewable Energy Support Scheme (YEKDEM) in 2019, Anadolu Agency reported on Tuesday, citing data from Energy Exchange Istanbul. 

YEKDEM provided funding for 777 facilities with a combined capacity of 20.9 GW in 2019. The plants generated a total of 76.67 million MWh of power last year.

This year, Turkey is looking to have 818 plants with a combined capacity of almost 21.9 GW that will generate 82.5 million MWh of power. 

Under the YEKDEM scheme, renewable energy plants such as wind, hydropower, geothermal, biomass and solar can qualify for feed-in tariffs (FiT). Wind and hydropower facilities receive a FiT of USD 0.073 per kWh under the scheme, geothermal facilities get a FiT of USD 0.105 kWh, while the tariff for solar and biomass plants stands at USD 0.133 kWh. 

YEKDEM, which was launched in 2011, is expected to end this year, with Turkey preparing a more efficient replacement for the scheme, the newspaper said.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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