Turkey:

Government to Issue Investment Incentive to Geothermal Energy Project (TRT World.com)

(Courtesy CIA.gov)

Turkey’s economy ministry has decided to support investment incentives for the renewable energy sector investment incentives, including geothermal energy, following promises made by the governing Justice and Development Party (AK Party).

Turkey’s economic ministry will support 28 solar energy power plants, 3 wind power plants, 1 geothermal power plant, 1 coal power plant, 1 hydroelectric power plant, and 1 biomass power plant with investment incentives in 2015.

Turkey’s government ratified the second Renewable Energy Law, concerning the use of renewable energy resources for the generation of electrical energy, in 2010.

Companies which generate electricity from renewable energy sources will be able to receive an incentive certificate (RER Certificate) according to the Law.

The  governing AK Party has made an election pledge stating that it aims for the government to develop domestic and renewable energy resources in Turkey, and in result reduce the country's dependence on external energy sources.

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