Global Opportunities

Turkey: Energy Sector Opportunities for Swiss SMEs

Turkey: A 1GW wind tender should be assigned through a new competitive auction to a single consortium, with the winning bidder gaining the right to a 15-year fixed-price power purchase agreement, the energy minister has said.

Turkey wants to support renewable energies (symbolic picture)
Turkey wants to support renewable energies (symbolic picture)

In a notice in Turkey's Official Gazette, the ministry set a 27 July deadline for interested parties to present applications to participate in the first wind tender. It involves a reverse auction and gives successful bidders the possibility of building projects in seven separate areas. A ceiling price of $0.070/kWh has been set, just below the current ten-year feed-in-tariff base price of $0.073/kWh.

Local content requirements — including the establishment of a local wind turbine factory — are key for participants in the new "renewable energy designated area" auction system, known by its Turkish acronym Yeka. Most of the workforce employed must also be local.
The tender follows the allocation in March of 1GW in solar capacity to a consortium made up of Turkish energy firm Kalyon Enerji and South Korea's Hanwha Q Cells through the first Yeka renewable energy auction.
Turkey's cumulative wind capacity stood at 6.1GW at end 2016, far below the 20GW target for 2023.

Investment opportunities for Swiss SMEs

"Investment opportunities for Swiss SMEs exist in almost all components of the value chain for renewably energy, electricity, natural gas, etc. Turkish Government also contributes funds towards energy related R&D", says Mehmet Yildirimli, Head of the Swiss Business Hub Turkey.

How you can benefit from these opportunities

If you would like to further evaluate the opportunities related to these projects, please get in touch with our S-GE Senior Consultant for Africa, Middle East, Iran & Turkey, Suhail el Obeid, or contact Mehmet Yildirimli, Head of the Swiss Business Hub Turkey.

Free country consulting session

Are you interested in learning more about business opportunities for your product or service in the Turkish market? Register for a free country consulting session between 28 August and 1 December.

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