Turkey... Promising Lands for Solar Energy Business...

Despite the rapidly increasing need for energy and excellent geography for solar energy, PV power plants add up to only 54MW as of IQ 2015 in Turkey.

However, state support policies for renewable energy, recently opened a new era for PV power plant investments. 300MW in 2015, 1800MW by 2017, 3000MW by 2019, and 5000MW by 2023 is targeted by the Ministry of Energy.

Why Solar?

Solar energy is the largest energy resource on Earth – and is inexhaustible.

Solar energy offers a clean, climate-friendly, very abundant and inexhaustible energy resource to mankind, relatively well-spread over the globe.

In 90 minutes, enough sunlight strikes the earth to provide the entire planet's energy needs for one year. While solar energy is abundant, it represents a tiny fraction of the world’s current energy mix. But this is changing rapidly and is being driven by global action to improve energy access and supply security, and to mitigate climate change.

While proven fossil reserves represent 46 years (oil), 58 years (natural gas) and almost 150 years (coal) of consumption at current rates (IEA, 2010b), the energy received by the sun in one single year, if entirely captured and stored, would represent more than 6 000 years of total energy consumption.

Solar energy is widely available throughout the world and can contribute to reduced dependence on energy imports. As it entails no fuel price risk 
or constraints, it also improves security of supply. Solar power enhances energy diversity and hedges against price volatility of fossil fuels, thus stabilising costs of electricity generation in the long term.

Solar energy has been the fastest-growing energy sector in the last few years, albeit from a very low basis. It is expected to reach competitiveness on a large scale in less than ten years.

Since 2010, the world has added more solar photovoltaic (PV) capacity than in the previous four decades. New systems were installed in 2013 at a rate of 100 megawatts (MW) of capacity per day. Total global capacity overtook 150 gigawatts (GW) in early 2014.

For the bulk of the world population, solar energy can provide inexhaustible and clean electricity in large amounts, only surpassed by wind power in temperate and cold countries. Electricity will be the main carrier of solar energy, displacing fossil fuel use with efficient motors and heat pumps, drawing heavily on solar and geothermal ambient energy.

Solar energy makes the largest additional contribution to CO2 emission cuts, probably because of its almost unlimited potential. Solar electricity tops 25% of global electricity generation by 2050, more than either wind power or hydro power. By contrast, most other renewables – with the possible exception of wind power – may meet some kind of intrinsic limits. If this is the case, in a carbon-lean world economy solar energy would continue to grow faster than any other energy resource long after 2050. Solar energy is particularly available in warm and sunny countries, where most of the growth – population, economy, and energy demand – will take place in this century. Warm and sunny countries will likely contain about seven billion inhabitants by 2050, versus two billion in cold and temperate countries (including most of Europe, Russia and parts of China and the United States).

The geographical pattern of deployment 
is rapidly changing. While a few European countries, led by Germany and Italy, initiated large-scale PV development, PV systems are now expanding in other parts of the world, often under sunnier skies.

Why Turkey?

Sun is generous...

   Energy demand is growing fast...

      State support policies are encouraging...

  IRR for utility scale investments is > 13% ... 

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