Following the licensing-boom in 2015 for wind and solar, the
Turkish Renewable Energy Market is once again attracting
significant attention from investors for greenfield projects with
the enactment of the Regulation on Renewable Energy Source Areas
(the "RESA Regulation") and the newly
adopted investment incentives.
Before the enactment of the RESA Regulation in October 2016, the
Electricity Market Licensing Regulation1 (the
"Licensing Regulation") and the
Unlicensed Generation of Electricity in the Electricity
Market2 were the only two options for investors looking
to enter the Turkish renewable energy market. The RESA
Regulation introduced a third option, enabling the construction and
operation of power plants with high installed capacities on large
renewable energy areas. One key commercial difference with the RESA
Regulation is that it requires (rather than, as with the Licensing
Regulation, incentivises) the use of domestic equipment in the
construction and
