Table of Contents
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 %.
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.
Get Industry Insights. Simply.
Talk to Amrita
+1 718 303 2019
“The concentrating solar power market is projected to grow at a CAGR of 10.3% from 2016 to 2021” The concentrating solar power market is projected to reach USD 10.96 billion by 2021, growing at a ...
Hoovers Research analysis is one of the most accurate studies performed using the combinational analytical tools. The report contains up to date financial data derived from varied research sources to present ...
This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...