The Impact of the Government’s Incentives on Increasing Investment in Turkey's Solar Photovoltaic Power Plants

Year 2020, Volume: 8 Issue: 1, 40 - 49, 31.01.2020

Faruk Erken

https://doi.org/10.17694/bajece.626145

Cited By: 2

Abstract

Exhibiting a high economic growth rate in
recent years, energy demand has increased rapidly in Turkey. Despite having a
great potential in terms of renewable energy sources, Turkey has not utilized
this potential sufficiently to meet this demand. However, among various
renewable energy sources, solar energy stands out in terms of investments and
incentives in Turkey. In this study, progress and outlook of photovoltaic
systems in Turkey are reviewed considering the potential, the incentives and
the investments. In this context, ratio of the Photovoltaic Solar Power Plants
within both overall installed power and the total generated energy over the
years is investigated geopolitically. Ongoing and planned investments for
Photovoltaic Solar Power Plants and the incentives provided by the government
are reviewed by taking into consideration the geographical regions of the
country. It is observed that the installed power capacity of active solar
photovoltaic power plants increases by more than four times compared to the
previous year, as of the end of 2017, owing to incentives and investments.
Solar energy power capacity is expected to contribute significantly to the
total installed power capacity over the next few years.

Keywords

Renewable energy sources, solar energy, solar photovoltaic power plants, incentives and investments, energy projection

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