Turkey sets new geothermal feed-in-tariff at $0.105/ kWh
With its new Renewable Energy Law, the Turkish Parliament sets a new renewables feed-in-tariff, that sets a $0.105 per kWh price for electricity generated from geothermal.
With leaving some complaining, the new Turkish renewable energy law sets a feed-in-tariff for geothermal electricity at $0.105 per kilowatt hour.
“The Turkish Parliament has approved a renewable energy law that sets short-term standards, but leave much about the sector’s long-term prospects in the hands of the nation’s cabinet.
The law limits the total production of licensed solar energy companies to 600 MW annually until Dec. 31, 2013, and then authorizes the cabinet to determine the limits afterwards.
It also guarantees a price of $0.073 per kilowatt-hour for wind and hydroelectric power and wind energy, $0.105 for geothermal energy and $0.13 for energy from waste products and solar energy.
These prices will cover energy firms that are established between 13 May 2005, and 31 December 2015.
For energy purchases from companies founded later than 31 December 2015, prices will be defined by the Cabinet.
The prices for the new companies will not exceed the current figures, the law said.
Afterwards, Taner Y?ld?z, Turkey’s Energy and Natural Resources Minister, thanked the parliament, saying, “We have enacted a law that will create jobs and encourage industrialists in new sectors.”
But some took issue with the action, saying it did not go far enough.
In an interview with the Hürriyet Daily News & Economic Review, Tanay Sidki Uyar, head of the Turkey branch of European Association for Renewable Energy (Eurosolar) said, “A law which is enacted during a period in which United Nations’ regulations [instruct] countries to use more renewable energy should have been much more encouraging.”
He went on to tell the newspaper that, “While Germany is seeking to get 100 percent of its energy from renewables by 2050 and England aims to reduce carbon emissions to zero, Turkey’s law – a country which has great wind and solar energy potential – should have promoted [renewables] far more.
“Instead of support, the law brings limitations to renewable energy production,” he said.”