Renewable energy investment prospects in Turkey's power generation sector Online publication date: Thu, 09-Apr-2020
by Linet Ozdamar; Elifcan Yaşa; Nazlı Kavas; Görkem Vardar
International Journal of Renewable Energy Technology (IJRET), Vol. 11, No. 1, 2020
Abstract: Turkey's power demand is mainly met by fossil fuels. Turkey has recently focused on hydro power development to reduce carbon emissions and fuel imports. However, hydropower efficiency will decrease due to desertification. Turkey's wind power potential is not so high on a national scale. Also, solar farm capacity is almost non-existent though Turkey has a good insolation level. Here, we develop a model that considers various renewable resource options to meet long term demand while maximising the net present value of the power generation sector's investment returns. The results of this model indicate that the sector can be transformed into a sustainable one over the next two decades by directing the majority of new investments to solar power while also using the full potential of wind and hydro power. Renewable resource share can go up to 65% by 2040 and become economical both for the public and private sector.
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