The long-awaited law governing the generation of energy from renewable resources has passed through the Turkish Grand National Assembly (TBMM).
Dunya – The Renewable Energy Law aims to encourage energy production from renewables by providing incentives for the generation of energy from sources such as wind, solar power, biomass, hydropower and geothermals.
The legislative framework adjusts the prices for the sale of electricity to the state according to their generation method. According to the law, renewable energy plants will be subject to prices of between ¢7.3 and ¢13.3 per kW/h. A hydroelectric power plant will be able to sell electricity at a cost of ¢7.3, the same as the amount for a wind farm, while geothermal energy suppliers can sell at a higher price of ¢10.5. Companies that use biomass and solar power are subsidized the most at a rate of ¢13.3 per kW/h.
The law also features additional support for companies with facilities that use locally produced equipment/components.
Share your industry press now!
Are you a PR agency or sustainability-focused organization? Join the World of Renewables network FREE today and gain exclusive access to our platform to promote your business, share the latest industry news, and connect with a global audience of 700,000+ renewable energy professionals.
Register Now to start posting your updates and showcase your expertise to a highly engaged, environmentally-conscious community.
Find out more about our Content Partnership Programs.*2024 AWARD WINNER* Websites & Mobile Sites, Webby Winner, Peoples Voice 2024