Incentives For Renewable Energy

Energy policy is changing globally in the direction of security of supply and climate change. The global trend is towards three energy policy strategies as (i) improved energy efficiency and rational use of energy, (ii) increasing use of renewable sources and (iii) benefiting from un-sustainable resources using low-carbon technologies. Since renewable energy has become a high priority among such strategies, global investment in renewable energy sector is increasing rapidly.

Although Turkey has significant renewable energy sources for electricity production, this potential has not been used efficiently. However, progress has been made with regard to renewable energy regulations in Turkey in order to provide incentives to the renewable energy sector. This article provides an overview of the general provisions of the Law on Utilization of Renewable Energy Sources for the Purpose of Generating Electrical Energy (the "Renewable Energy Law") which, was amended on 29