Turkey's Renewable Energy Sources and Govermental Incentives

Abstract

One of most crucial problems the world is facing today is the decrease in available fossil fuels. This decrease is, however, also increasing the value of renewable energy resources. According to International Renewable Energy Agency (IRENA) data, power generation from renewable energy sources increased 100% between the years spanning 2000-2013 and 14% between 2013 and 2015. In the years ahead, this rise is expected to increase exponentially. In light of these changes Turkey has set a target to increase its renewable energy ratio in the energy sources to 81% during the years 2015-2019. In this study, Turkey's renewable energy sources-wind, solar, hydraulic, biomass, and geothermal-along with its potentials for wave energy and this potential's effect on Turkey's installed power will be examined in detail. Governmental incentives that are provided for renewable energy sources and the results these EPDK study will also present suggestions related to power generation from renewable energy sources and incentive process.