After successfully conducting the first-ever auction for a solar power project, Turkey is now set for its maiden wind energy auction with a capacity of 1,000 megawatts.
Turkey has set a deadline of 27 July 2017 for prospective project developers to submit their applications to set up wind energy projects with cumulative capacity of 1,000 megawatts. According to media reports, the entire capacity is expected to be awarded to a single bidder, as we as the case with the solar power auction.
The entire capacity, however, will be be spread across seven project sites. Ceiling price for the auction has been set at 7.0¢/kWh, slightly lower than the feed-in tariff of 7.3¢/kWh. Power generated from these projects will be sold at a fixed tariff through a 15-year power purchase agreement.
The winning entity in this auction will have to meet some important requirements as well, which includes setting up a wind turbine manufacturing unit in Turkey and employment of local workers. Similar conditions was set for the recently concluded solar power auction as well.
Consortium of Hanwha Q Cells-Kalyon Enerji was awarded rights to develop 1,000 megawatts solar power project. The consortium will also set up a solar modules manufacturing unit of 500 megawatts. The total project cost is expected to be $1.3 billion with work expected to begin in three months. The solar equipment factory is expected to be online in 21 months. Solar panels used in the project will be sourced from this factory itself.
Turkey has set a target to acquire 30% of all its electricity needs from renewable energy sources by 2023. The Turkish government is also looking to promoting other renewable energy technologies, with targets to set up 34 GW worth of hydro power, 5 GW worth of solar power, 1 GW worth of geothermal power, and 1 GW worth of biomass-based power capacity, all by 2023.
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