New Renewable Energy Supporting Mechanism in Turkey: All Consumers Going Green!

Turkey has one of the fastest growing economies in the world. As the recent statistics for the 1^st quarter of 2011 indicate, the economy has a leading annual growth rate of 11.6 %. The national energy demand correlates well to this figure. As Turkey is mostly reliant on imported energy (Figure 1), increasing energy demand worsens current account deficit which subsequently dampens the success in economic growth. As the energy demand increases, energy supply does not seem sustainable in terms of both supply security and the financial profile. Therefore, the country’s energy policy is focusing on diversifying the sources by developing nuclear power projects and utilizing domestic fossil and renewable energy sources to a great extent as well as increasing energy efficiency. Cont...