In September 2020, Stantec Turkey launched a market assessment report for the Turkish solar PV panel manufacturing sector. The English version of the “Market Report for Turkey’s Photovoltaic Panel Manufacturing” followed in November. The report, based on collected data from local manufacturers, depicts the history of the market since its inception in 2011 and provides unique insights into its development and future potential.
Both the current status, and the future of, solar PPAs in the Turkish market as a key tool for increasing PV capacity has become a widely discussed topic. This is particularly due to the fact that after mid-2021, the future of YEKDEM (Turkey’s local FIT regime) is uncertain. The incentives could be lower than expected, or even unavailable for some technologies. This has raised the question of alternative financing mechanisms with respect to new investments.
Looking at the various solar power plant mechanisms brought by regulatory changes in 2020, the Turkish PV market is aiming to adopt some exciting new financial and business models.