IPFA Turkey: Istanbul: Challenges in Renewable Financing - YEKA Projects and Outlook Post-2020
The Turkish government has recently introduced the Renewable Energy Resources Area (“YEKA”) model to boost renewable investment in Turkey. These are large-scale renewable projects which are tendered out by the Turkish government and backed by long-term PPAs with an aim to develop local manufacturing and produce low-cost renewable energy. As YEKDEM mechanism (another tool which has been used to support renewables) is expected to terminate by the end of 2020, YEKA projects are currently the primary driving force of renewable investment in Turkey.
So far, Turkish government has tendered (i) a 1,000 MW solar project, (ii) 1,000 MW wind project, and (iii) most recently four wind projects, each with a capacity of 250 MW. Yet, due to various challenges faced, the progress of the initial projects has been less than expected so far.
The discussion is intended to cover the challenges faced by YEKA projects from financing, regulatory and technical perspectives and the future of renewable financing post-2020.
This event will be held in Turkish with simultaneous translation in English available if necessary.
The agenda for this event will be announced shortly.