Turkish Renewable Energy Market

General Outlook of the Energy Market

Turkey's high economic growth which had reached almost double digits numbers by the middle of the last decade and stands around an annual average of 4% dictates new and innovative solutions to Turkey in order to reshuffle its energy infrastructural base. In line with the fast economic growth Turkey's energy needs has already increased to reach an annual growth rate of 9% in the recent years. Given such an energy hungry market it is not a surprise that based on the 2012 data, energy industry has accounted 32% of all the deals for private sector transactions and privatizations. Usually the decision taken by the authorities for the liberalization of the energy market is accounted for such growth in the Turkish energy market. Considering the global trend of liberalization not only in energy sector but in many of the regulated sectors had made such an effort of market liberalization an imperative. Especially important for