February 2021 – On 30 January 2021,
Presidential Decision No. 3453 (the
"Decision") was published in
Turkey's Official Gazette and entered into force on the same
date. The Decision is based on the authority granted to the Turkish
president on 2 December 2020 pursuant to the Law on Renewable
Energy Resources for the Generation of Electric Energy (No. 5346)
to set feed-in tariffs and local-component usage bonuses available
under the "RER Support Mechanism" for renewable energy
plants commencing operations after 30 June 2021 on a Turkish-lira
basis.
As per the Decision, the following terms apply for renewable
energy projects commencing operations as of 1 July 2021:
- the local-component bonus payment will be set at 8 TL
kuruş/kWh for a period of 5 years following the commencement
of operations of eligible renewable energy facilities, and the
detailed principles and procedures applicable to this payment shall
be determined by the Ministry of Energy and Natural
