Credits By: Daily Sabah
Türkiye’s regulatory reforms implemented a year ago, were a ground-breaking decision that sparked a remarkable campaign and catapulted the country’s solar energy industry into a stage of unheard-of expansion. According to Mustafa Ylmaz, the esteemed head of the Energy Market Regulatory Authority (EPDK), these reforms have sparked billions of dollars worth of investments, completely altering the country’s solar energy environment.
Streamlining Unlicensed Electricity Generation:
The EPDK was at the forefront of initiatives to make unlicensed electricity generation easier for consumers under the visionary leadership of Mustafa Yilmaz. An astounding increase in interest in solar energy investments has been brought on by this strategic move, which involves changes to the Unlicensed Electricity Generation Regulation that was announced in August 2022.
Mustafa Yilmaz emphasizes the revolutionary effects of the revised Unlicensed Electricity Generation Regulation in his article “A Wave of Solar Investment Renewal.” Surpassing all predictions, this change has substantially renewed investments in solar energy. The country had an astounding surge of investment totaling around $10 billion in just one year.
Scaling New Heights of Solar Capacity:
Yilmaz emphasizes the fantastic progress made in unlicensed solar energy generation, which has resulted in a combined capacity exceeding 12,000 megawatts (MW) over more than 14,000 sites, a record. A sizeable 2,000 MW of this capacity has already been successfully put into service, bringing the total installed capacity of unlicensed energy-producing facilities to a staggering 13,500 MW.
“Produce Where You Want, Consume Where You Want”: Consumer empowerment.
With the help of the initiative, fittingly called “Produce Where You Want, Consume Where You Want,” consumers with limited space in heavily populated urban or industrial locations can now set up solar manufacturing facilities around the country. This inclusive adjustment allows Consumers to sell excess energy back to the grid, creating new revenue streams.
Turkey’s Thriving Renewable Energy Landscape:
The structure of Turkey’s installed capacity reveals the country’s outstanding advancements in renewable energy. A significant 55% of Turkey’s installed capacity is derived from renewable energy, as Energy and Natural Resources Minister Alparslan Bayraktar recently disclosed, securing its position as the 12th global and fifth European leader.
The National Energy Plan:
It is one step toward a greener future.
Turkey aims to reach 65% of renewable energy sources by 2035, guided by the ambitious National Energy Plan launched in February. According to Alparslan Bayraktar’s plan, over the next 12 years, 3,000 MW of solar energy, 1,500 MW of wind energy, and an astonishing 5,000 MW of offshore wind energy will be introduced annually.
Current Situation and Future Goals:
According to data from the Ministry of Energy and Natural Resources, as of the end of March, Türkiye’s total installed power capacity stood at an impressive 104,348 MW, with solar power accounting for a significant 9,820 MW. The nation’s solar energy industry is poised for historic growth and to significantly contribute to a sustainable future as the country sets off on a transformative journey towards a greener energy paradigm.