Turkey Regulates To Boost Green Energy

We have been regularly summarizing developments in the renewable energy sector. Now, the Government has taken another step to promote renewable energy by radically amending the Law on the Utilization of Renewable Energy Resources in the Generation of Electricity ("Renewable Energy Law"), adjusting the price charged for electricity generated using renewable energy resources.¹ We will briefly summarize the amendments to be introduced with the draft law for amendment of the Renewable Energy Law ("Draft Law"), which was submitted to the Industry, Commerce, Energy, Natural Resources, Information and Technology Commission of the Turkish Parliament on 20 November 2008 and is still in the discussion phase. We will also address developments in solar power, in which the Government wants to foster interest similar to that shown by investors in wind power projects.²