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Turkish Solar Power Market

  • December 2015
  • -
  • Frost & Sullivan
  • -
  • 83 pages

Small-scale Installments Driving Momentum

The Turkish solar power market is at an early growth stage, and high future growth is promising. In terms of irradiation rates, solar power in Turkey is expected to grow rapidly in the medium term. Government incentives such as guarantees of purchase and feed-in-tariffs are the main drivers for the market. The government has made efforts to overcome bureaucratic obstacles through concrete steps, which give momentum to small-scale installations. Increasing financial opportunities create demand for licensed and unlicensed applications. The scope of the study includes only photovoltaic solar power. This study covers the forecast for market size, Mega Trends, industry convergence, technology trends, distribution channels, and pricing trends and forecasts.

The Turkish solar power market is placed between the nascent and growth stage. Installed capacity was only megawatts (MW) in 2014 and is expected to reach MW at the end of 2015 and MW at the end of the forecast period, with installed capacity growth at a CAGR of %.

Key Findings

Solar Power Market: Key Findings, Turkey, 2014–2020
The average installation cost per MW is approximately € million. This cost is expected to decrease further because of the decline in the price of panels and inverters. The price decrease encourages investors, and the current average pay-back period is 7 years, depending on the location, the way of financing, and system capacity. Because the market is not yet mature, the Energy Market Regulatory Authority (EMRA) and other related authorities try to eliminate barriers in front of solar power through amendments of laws and regulations. Regulations covering installations below kilowatts (kW) and kW are expected to be the main focus throughout the forecast period.

Companies are growing with vertical and horizontal integrations. Lines between the elements of the value chain are transitive, i.e., panel manufacturers act as investors to increase the number of reference projects. Unlike in Germany or Australia, solar power in Turkey started growing with big scale projects up to MW. The main concern of investors is generation of electricity and selling to the grid, rather than self consumption. About % of solar power applications are above kW in the unlicensed market.

Table Of Contents

Turkish Solar Power Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective
Associated Multimedia and Related Research

2. MARKET OVERVIEW

Market Overview
Market Scope
Market Structure Definitions
Solar Power Potential in Turkey
Market Segmentation
Key Questions This Study Will Answer
Electricity Demand Forecast
Energy Import of Turkey
Competitive Analysis—Country Breakdown
Incentive Mechanisms

3. EXTERNAL CHALLENGES: DRIVERS AND RESTRAINTS— SOLAR POWER MARKET

External Challenges: Drivers and Restraints— Solar Power Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. LEGISLATIVE ANALYSIS

Legislative Analysis
Legislative Evolution
Legislations Regarding Renewable Energy Resources

5. FORECASTS AND TRENDS—SOLAR POWER MARKET

Forecasts and Trends—Solar Power Market
Market Engineering Measurements
Competitive Factors and Assessment—Licensed/Above 1 MW
Licensing Period
Solar Power Regional Substation Capacities
Competitive Environment in the Licensed Solar Power Market
Solar Power Regional Substation Capacities by City
Industry Structure for Licensed Capacity
Competitive Factors and Assessment—Unlicensed/Below 1 MW
Forecast Assumptions
Installed Capacity and Annual Market Revenue Forecast
Total Installed Capacity Forecast
Annual Market Revenue Forecast
Installed Capacity and Revenue Forecast Discussion
Distribution Channels
Distribution Channels Discussion
Cost of Key Elements in a PV Solar System
Solar Power System Revenue Forecast
Pricing Trends and Forecast
Pricing Trends and Forecast Discussion

6. TECHNOLOGY ANALYSIS

Technology Analysis
PV Solar Power Market Technology Overview
Technology Anaysis
Technology Trends

7. MARKET SHARE AND COMPETITIVE ANALYSIS— SOLAR POWER MARKET

Market Share and Competitive Analysis— Solar Power Market
Competitive Analysis—Market Share
Market Structure Analysis
Investors' Profiles in Licensed Solar Power
Competitive Environment

8. FINANCIAL ANALYSIS—SOLAR POWER MARKET

Financial Analysis—Solar Power Market
Financial Options of Solar Power Projects in Turkey
Financial Analysis
Financial Analysis Discussion

9. MEGA TRENDS AND INDUSTRY CONVERGENCE IMPLICATIONS

Mega Trends and Industry Convergence Implications
Impact of Mega Trends on the Solar Power Market
Mega Trend Impact on Solar Power Market

10. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

11. APPENDIX

Appendix
Market Engineering Methodology
Partial List of Companies Interviewed

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