Too little, too late?
New Turkish FITs: After a delay of over two years, Turkey has finally adopted an amendment to its Renewable Energies Act of 2004 which raises the feed-in tariffs for power generated from renewables. The revised feed-in tariffs, while presenting a considerable improvement over the previous law which provided for an unacceptably low FIT of 0.055 euros for all renewables fall well short of expectations.
When the bill was first introduced in November 2008, the proposed feed-in tariff (FIT) was 0.28 euros per kilowatt hour for the first ten years and 0.22 euros for the second ten years. In a revised proposal the tariff was then scaled down to 0.25 and 0.20 euros respectively. Just when the bill was about …
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