Thanks to its unique location and climate, Turkey enjoys diverse
renewable energy resources including hydro, wind, solar, geothermal
and biomass. However, despite its enormous potential, the
currently-installed renewable capacity of Turkey1 is
low.
Below, we set out a summary of incentives under the current
legislation and the Draft Renewable Law (the Draft Law) followed by
our views on Turkey's approach towards renewable energy.
1 Current renewable energy legislation
1.1 Introduction
The Electricity Market Law No. 4628 sets out the general
regulatory framework for electricity in the Turkish energy market.
The Electricity Market Licensing Regulation (which focuses on rules
and procedures relating to the licensing of these activities by the
Electricity Market Regulatory Authority or EMRA) complements this
law. With this in mind, the key piece of legislation about
renewable energy is the Renewable Energy Law No. 5346.
