TITLE

Renewable Energy Support Mechanism in Turkey: Financial Analysis and Recommendations to Policymakers

AUTHOR(S)
Gözen, Mustafa
PUB. DATE
May 2014
SOURCE
International Journal of Energy Economics & Policy (IJEEP);2014, Vol. 4 Issue 2, p274
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The Turkish Grand National Parliament passed a renewable energy promotion law that provides feed-in tariffs for electricity generation from renewable energy sources in 2005. This law was not attractive to investors due to the low level of feed-in tariffs. Then, in 2011, the promotion law was amended and a new support scheme integrated in the day-ahead market was introduced. Therefore, the main purpose of this article is to explain the new support mechanism, analyze it from the financial perspective, and discuss the related key issues and challenges. In addition, to further improve the support mechanism, some recommendations have been made to policymakers.
ACCESSION #
95374312

 

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