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9 GW (!) Of Solar Power Project Applications Submitted Under Turkey’s FiT Program

by Zach June 18, 2013
written by Zach June 18, 2013
9 GW (!) Of Solar Power Project Applications Submitted Under Turkey’s FiT Program

Turkey is one of the latest countries to implement a feed-in tariff (FiT) program for solar power. The program is an attractive one, as the flood of initial applications makes very clear.

The first round of applications, open last week (June 10–14), was for large projects (not home projects) — 1 megawatt (MW) or greater. The cap for this first round was 600 MW. The country received applications totaling about 8.9 gigawatts (GW) of capacity, approximately 15 times more than the cap.

Sunlight in Istanbul, Turkey. Photo Credit: josemanuelerre / Foter.com / CC BY-ND

Sunlight in Istanbul, Turkey. Photo Credit: josemanuelerre / CC BY-ND

 

494 applications were submitted to the Turkish Energy Regulatory Authority (EPDK), according to pv magazine.

“It remains unclear whether the regulator will grant licenses to the lowest-cost bidder in a reverse auction or whether it will involve a fixed FIT agreement with the off taking utility,” pv magazine writes.

“Turkey’s standard FIT is US$0.133/kWh, with a local content premium being paid additionally.“

Interestingly, while there were of course some foreign investors, the large majority of applications came from Turkish investors.

feed in tariffsTurkeyTurkey feed in tariff
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Zach

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.

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