Turkey Tenders 1.5 GW Solar Project for fifth Round of RE Auction

• Turkey has actually invited bids for a 1.5 GW solar tender for the 5th auction round of its Yenilenebilir Enerji Kaynak Alanları (YEKA) renewable resource program, the submission of which needs to be done on January 12, 2022.

The country's Ministry of Energy intends to choose 76 large range PV projects with abilities ranging from 10 to 30 MW throughout three 23 cities and has actually set a ceiling cost of TRY0.40/ kWh.

In order to join the bidding procedure, bidders have to send TRY 5 million for 10 MW ability, TRY 10 million for 20 MW capacity, and TRY 15 million for 30 MW capability as a letter of guarantee.

The 4th tender under the YEKA program was floated in mid-July, the outcomes of which are anticipated to be revealed in a few weeks' time. The country has a target of 15 GW overall solar capability by 2027, which it may meet quicker than the target date. In August 2020, Turkey inaugurated its $400 million up and down incorporated solar module manufacturing facility with annual production capacity of 500 MW.

Efforts to boost manufacturing and also speed up energy effectiveness will certainly assist Turkey accomplish its energy security objectives, however it should consider its longer-term exhausts trajectory also, a current International Energy Agency (IEA) report claims.

"Turkey has actually likewise looked for to reinforce the protection of its energy supply by boosting manufacturing of renewable resource and lowering energy consumption with boosted energy performance. Auctions, particularly, have confirmed effective in driving down costs and enhancing investments in renewables. The prepared appointing of Turkey's very first nuclear power center in 2023 will certainly further diversify the country's low-carbon gas mix," claimed the report.

For Turkey to develop a contemporary and also affordable economic situation, the report highlights that the federal government should pay close attention to the sustainability of its energy market and its longer-term carbon footprint.

Particularly, Turkey should reconsider the function of lignite-based power generation in a low-carbon future. It will certainly be equally essential to guide commercial plan to think about the growing momentum behind global tidy energy transitions. This can take the type of more promoting advancement in locations such as electric cars, energy storage space and electronic modern technologies, explained IEA.