Turkish Liberalized Electricity Market’s Challenge in Renewable Energy

Turkish economy has an impressive annual growth rate but this is challenged by the dependence on imported energy (by over 70 %) as growing economy means increasing energy demand and consequently negative impacts on current account deficit. In order to have an idea about the size of the problem, consider that total energy demand in 2010 was over 110 Mtoe and this amount is expected to double in the next 10 years. Therefore, country’s energy (supply) policy focuses on increasing domestic production.

With regard to increasing domestic production, It is fair to say that better utilization of renewable energy is “the hottest” topic among all the options as in other countries and the government has a special concern on increasing the share of renewable energy in electricity supply.Cont...