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Dr. Yüksel MALKOÇ TWEA Vice President

Emerging European Markets : Resilient in the crisis ? Policies , Markets & Programmes. Dr. Yüksel MALKOÇ TWEA Vice President. Outline. Turkey’s current financial outlook , Demand growth and supply development , Wind potential and capacity development ,

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Dr. Yüksel MALKOÇ TWEA Vice President

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  1. EmergingEuropeanMarkets: Resilient in thecrisis? Policies, Markets & Programmes Dr. Yüksel MALKOÇ TWEA VicePresident

  2. Outline • Turkey’scurrentfinancialoutlook, • Demandgrowthandsupplydevelopment, • Windpotentialandcapacitydevelopment, • Policyandregulatoryenvironment of therenewableenergy market, • Currentwindprojectsandotherinvestmentareas in thewind market.

  3. CurrentFinancial Outlook andElectricityDemandGrowth

  4. ElectricityDemand

  5. InstalledCapacityDevelopment

  6. WindPotential • Turkey has substantial amount of renewable energy potential and the • utilization rates are growing. Hydro, wind and solar energy resources • are the major portions of our renewable portfolio. • Turkey has at least; • 160000 GWh/a. economichydro, • 48000 MW windcapacity • 380000 GWh/a. solar (*) • 31500 MWtgeothermalcapacity • 8,6 MTOE biomass • 1,5-2 MTOEbiogas • (*) Consideringtheparabolic CSP technologies.

  7. WindPotential Wind speed distribution, 50 m agl

  8. WindPotential Wind energy potential (annual average wind speed>7 m/s), 50 m a.g.l.

  9. WindPotentialandCapacityDevelopment

  10. WPPs in Operation • WPPs in Construction • LicencedWPPs

  11. Competitive MarketStructure State: - Macro scale policy developmentthroughMinistry of Energy and Natural Resources (MENR) - Regulations, control, supervision of marketsthrough Energy MarketRegulatory Authority(EMRA) Private Sector: Generation, distribution, trade Energy Market –Structure

  12. EnergyPolicy • Energy security and sustainable energy supply are among the main policy concerns of Turkey. Turkey attributes significant importance to; • encouraging the energy production from renewables in a secure, economic and cost effective manner, • expanding the utilization of our renewable resources for generating electrical energy, • increasing the diversification of energy resources, • reducing greenhouse gas emissions, • making use of waste products and protecting the environment, • developing the related mechanical and/or electro-mechanicalmanufacturing sector.

  13. Strategy • Turkish Government revised the “Electricity Energy Market and Supply Security Strategy Paper” in 2009. In this paper, some targets defined related with renewables until 2023are as follows; • At least 30% of total electricity production from renewables, • The whole economically feasible hydropower potential of Turkey • will be provided for generating electrical energy, • 600 MWe geothermal energy will be implemented, • 20,000 MW capacity of wind power plant will be in operation, • Utilization of solar energy for generating electrical • energy will be expanded.

  14. StrategyRoadmap Untilnow, TEIAS has confirmedconnection of around 12.5 GW WPPs. TEIAS announcedinvestmentsin transmissioninfrastructureandthuswillbe ableto deliver 1 GW eachyearstartingfrom2013 until 2020. All in all, TEIAS has declaredthatthegridconnectionwill be abletosupportthe“20 GW WPP by 2023” target of SupplySecurityStrategyPaper.

  15. PolicyandRegulatoryEnvironment

  16. TradePossibilities

  17. ExportOpportunities CurrentlyTurkey has interconnectionswithGreece, Bulgaria, Georgia, Armenia, Iran, Iraq, andSyria; however, so far importandexport fi guresarealmostnegligible in comparisontoTurkey’soverallelectricitydemandEventually, ENTSO-E synchronizationwillincreasetheamount traded. In 2010, Turkeyimported 1,883 GWhandexported 2,674 GWh of electricity. Themapbelowillustratestheexistinginterconnectioncapacities andthetableindicatesseasonalcapacities.

  18. Incentives provided in the New RenewableEnergyLaw • The New Law provides a Renewable Energy Support Mechanism ("Mechanism") which covers different incentives and benefits for renewable energy projects including feed-in tariffs (fixed minimum electricity sale prices). The New Law covers different feed-in tariffs depending on the type of the renewable energy projects as follows: • Turkish Lira equivalent of USD 0.073 per kWh for hydroelectric power plants, • Turkish Lira equivalent of USD 0.073 per kWh for wind power plants, • Turkish Lira equivalent of USD 0.105 per kWh for geothermal power plants, • Turkish Lira equivalent of USD 0.133 per kWh for biomass power plants, and • Turkish Lira equivalent of USD 0.133 per kWh for solar power plants. • The above mentioned feed-in tariffs will be applicable for the legal entities holding generation licenses which start operations during the period from 18 May 2005 to 31 December 2015 and for a period of ten years from the operation date. • The New Law also features further price incentives from 0,004 to 0,024 kWh for the license holders which use locally produced mechanical and/or electro-mechanical equipment/components in renewable energy facilities, for a five-year term provided that they start producing energy before the end of 2015.

  19. Incentives provided in the New RenewableEnergyLaw • Purchase guarantee and guaranteed feed price, • An option to make use of forested land and state-owned land to construct a renewable energy plant, • A 99 per cent reduction in the license application fees, • Exemption from annual license fee payments, • Ability to purchase electricity from private wholesale andgenerationcompanies, • Promote the manufacturing of renewable energy plant equipment in Turkey, • Priorityforsystemconnection, • Purchasingpriority, • Eligibleconsumers (>25000 kWh/year), • Renewable energy plant investments up to 500kW and micro-cogeneration plant investments are exempt from license and company establishment requirements and they can be connected to the grid, • WPPs lower than 10 MW capacity are exemptfrom EIA reportliability, • Additionalrevenue generation for renewable power projectsexists in Turkey through voluntary or verifiedemissionreductioncredits (VERs), • Others (localandotherministries)…

  20. 3527 MW (93 Projects) + 7571 MW + 8902 MW =20.000 MW 2027 MW SingleApplication (61 Projects) 5544 MW TEİAŞ Races (147 Projects) 1800 MW Operation 600 MW UnderConstruction TURKEY IS THE BIGGEST MARKET IN EUROPE 11.098 MW

  21. 48.000 MW Techno-economic potential Turkish Wind Energy Sector will show a rapid development in the coming years. 20.000 MW 2023 Target 11.000 MW Licensed WPP Project 1800 MW Operation 600 MW Under Construction

  22. THANK YOU FOR YOUR ATTENTION…. Dr. Yüksel MALKOÇ TÜREB/TWEC VicePresident yuksel.malkoc@tureb.com.tr

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