Solarbuzz: Turkey to install 100 MW of PV in 2013

Solarbuzz expects a remarkable PV LCOE in Turkey (NPD Solarbuzz, European PV Markets Quarterly report, January 2013)
Solarbuzz expects a remarkable PV LCOE in Turkey (NPD Solarbuzz, European PV Markets Quarterly report, January 2013)

The Turkish solar photovoltaic (PV) market is being driven by the competitive cost of solar power more than by other incentives, Solarbuzz (Santa Clara, California, U.S.) explains.

The latest market developments in Turkey support Solarbuzz’ recent forecast for 2013 PV demand, as featured in ‘Marketbuzz 2013’, of approximately 100 megawatts (MW). This forecast is based upon the emerging competitive economic terms being recognized, Solarbuzz notes.

 

Electricity purchase avoidance is driving private company investments

PV installations within Turkey are being realized according to the terms of February 2012 legislation exempting production license requirements for installations less than 500 kW, a limit soon to be raised to 1 MW.

High solar insolation (1,900 Peak Sun Hours/Year) and low installed system prices (including 15% margin to the sole provider) help deliver a remarkable PV LCOE (assuming 6% discount rate), Solarbuzz states. Electricity purchase avoidance aims are currently driving private company investments.

 

Turkey to take advantage of distributed PV generation

“By allowing the advantages of distributed PV generation to be realized, rather than effectively constraining it as traditional utility company territory, the Turkish market demonstrates the benefits of appropriate PV application,” Solarbuzz highlights.

In contrast to Western European grid situations, the Turkish grid has the opportunity to expand after previously establishing a distributed generation baseline component including PV at the end of the line (point of commercial use).

The immediate future of this market segment appears very bright, and extending the soft-cap of 600 MW is a function of the utility company further validating transformers compatibilities and opening up for more applications; Solarbuzz concludes.

 

 

 

 

 

2013-03-19 | Courtesy: Solarbuzz | solarserver.com © Heindl Server GmbH

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