New Developments
As reported in our Legal Alert dated 4 December
2020, the industry awaited the President of
Turkey's decision regarding the renewable energy support
mechanism ("YEKDEM") for renewable
energy based electricity generation facilities commissioned after
June 2021.
The President's Decision No. 3453, which introduces relevant
regulations on the support mechanism, was published in the Official
Gazette on 30 January 2021
("Decision").
What Does the Decision Introduce?
YEKDEM will be applicable for electricity generation facilities
holding a renewable energy resource certification and commissioned
between 1 January 2021 and 31 December 2025 as follows:
Period: 10 years for feed-in tariff and 5
years for domestic production incentives.
