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800-megawatt YEKA tender in Solar Energy will bring 600 million dollars of investment

6 applications will be received for the YEKA GES-2024 tender, which covers 800 megawatts of connection capacity based on solar energy. With the completion of the projects, Türkiye will gain approximately 600 million dollars of investment.

800-megawatt YEKA tender in Solar Energy will bring 600 million dollars of investment

The Ministry of Energy and Natural Resources will receive applications for a total of 800 megawatts, including 40 megawatts in Antalya, 200 megawatts in Karaman, 75 megawatts in Malatya, 60 megawatts in Van, 40 megawatts in Kütahya and 385 megawatts in Konya's Karapınar region.

The initial maximum price for each competition will be 5.50 dollars/cent per kilowatt-hour and the base price will be 3.25 dollars/cent per kilowatt-hour. In case the floor price is reached, the starting price of contribution share increase per megawatt is set at 10 thousand dollars.

"Electricity storage activities have been released for YEKA"

Solar Energy Industrialists and Industry Association (GENSED) Secretary General Hakan Erkan told AA correspondent that approximately 600 million dollars of investment will come with transformer center and line investments in 800 megawatt YEKA solar energy power plant projects.

Stating that there are remarkable changes in the new YEKA competition and that these changes will positively affect the sector, Erkan said, "A change has been made in the legislation for the new YEKA competitions, previously the incentive was in Turkish lira per kilowatt-hour, in the new regulation it will be in dollars again. Storage activities have been released for these projects, which is a positive development. In addition, accelerating elements have been added for the realization of the project in a short time."

Erkan explained that in order for the investments to be realized quickly, granting the right to sell electricity in the free market upon completion of the project by the investor within the first 5 years will accelerate solar energy projects.

Stating that the entire investment process would be accelerated if changes were made to the Environmental Impact Assessment (EIA) processes, which determine the significant impacts of projects on the environment, Erkan said, “If EIAs were included in the regulation, and if the project was initiated upon the completed EIA, the investment would be finalized in a short time. EIA processes can sometimes take years. This can be a disadvantage for the investor.”

With YEKA, 5,850 megawatts of capacity has been announced until now

According to the Ministry of Energy and Natural Resources, Türkiye's electricity demand is expected to reach at least 510 billion kilowatt-hours in 2035. At this point, renewable energy sources have a big role to play.

To date, the Ministry has announced 5,850 megawatts of YEKA in solar and wind energy. Some of the YEKA projects have been canceled, some have been completed, and some are in the investment phase.

Türkiye aims to increase the installed capacity of wind and solar power by 4 times to 120 thousand megawatts by 2035.

In order to achieve this target, it is aimed to increase capacity with the YEKA model in addition to licensed, unlicensed and storage projects.

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