Featured in A look beneath the surface – 02-2011

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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