The Turkish government has released new feed-in tariffs (FITs) for renewables, including solar PV, wind, battery storage, and other sources such as geothermal and biomass. The FIT for PV systems installed between July 2021 and December 2030 is TRY 1.06/kWh (€4.9c/kWh), with an extra 5-year tariff of TRY29c/kWh (€1.33c/kWh) for solar projects that use PV components produced in Turkey. Wind and solar projects with battery storage are eligible for a 10-year FIT of TRY 1.25/kWh (€5.8c/kWh), with an added bonus of TRY38c/kWh (€1.8c/kWh) for domestic content. The FIT is TRY 1.06/kWh (€4.9c/kWh) for onshore wind with an extra 5-year tariff of TRY29c/kWh (€1.33c/kWh) for local content and TRY 1.44/kWh (€6.7c/kWh) for offshore wind with an added bonus of TRY38c/kWh (€1.8c/kWh) for domestic content. For other renewable sources such as pumped hydro, geothermal power, biomass, and wave energy, the FITs range from TRY 1.06/kWh (€4.9c/kWh) to TRY 2.02/kWh (€5c/kWh).
The government plans to subject all the FITs to a quarterly escalation mechanism based on the producer price index, consumer price index, US dollar purchase rates, and Euro purchase rates. The Turkish energy authority hopes to allocate around 20 GW of new PV capacity by 2030 through this scheme.
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