Turkey's Solar Power Market Heats Up

This article was originally published in the IFLR Mint Guide for Turkey

As a country with a developing economy, Turkey has seen a rapid increase in its electricity demand. The fact that its power generation has been heavily dependent upon imported natural gas has rendered Turkey's power supply vulnerable to risks. In this regard, renewable energy resources (RES) have been designated as a means of diversifying the country's generation mix and of ensuring the security of its electricity supply. Due to its geographical location in the eastern Mediterranean, Turkey has quite a big potential for solar power and offers perfect natural conditions for electricity generation based on solar technologies.