Solar And Wind Energy Implementations In Turkey

In recent years, investments in electricity generation from renewable energy resources have shown a remarkable growth. Turkey has set solid targets for 2023¹, on generating energy from renewable energy sources. These targets are (i) increasing the margin of electricity generated from renewable energy sources from 25% to 30%; (ii) increasing the capacity of energy generated from wind power to 20,000 MW; and (iii) establishing new solar energy based power plants with an aggregate capacity of 3,000 MW.

The Ministry of Energy and Natural Resources (the "MENR") is the principal governmental body administering the energy sector in Turkey. Under the auspices of the MENR, the Energy Market Regulatory Authority ("EMRA") is the competent administrative and regulatory authority supervising the electricity market. EMRA's powers and duties can be summarized as issuing licenses; setting, amending, enforcing and supervising regulations on performance standards, distribution of power