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Turkey Allocates 700 MW Capacity Of Solar PV In Second Tranche Of The 1GW Capacity

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Ministry of Energy of Turkey allocated 700 MW capacity of solar PV in the second tranche of the 1GW capacity of YEKA4 PV tender. This tender was launched last July.

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Gunder in Turkey, a PV association, stated that the ministry had selected two 100-MW solar projects and 10 with 50 MW installed capacity each. Prices for 12 projects ranged between TRY 0.49 and TRY 0.597/kWh.

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The ministry set a TRY 0.40/kWh ceiling price for the YEKA4 procurement exercise. Three 100-MW projects were selected by the Turkish authorities in the solar tender. They were offered by the three developers, TRY 0.375/kWh, TRY 0.39/kWh and TRY 0.427/kWh respectively.

The lowest price was TRY 0.375/kWh, which included both tranches. The final average price offered was TRY0.51 (0.031)/kWh. The 1GW YEKA3 PV tender was the previous procurement exercise. The lowest bid was TRY 0.182/kWh.

The power purchase guarantees for the selected projects are 15 years. The tender included requirements regarding domestic content for equipment selection.

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“We are now pretty confident that we have a sustainable PV market of 1 GW to 2 GW annually in Turkey. There is a great International investment appetite for this reliable market which is preparing to include energy storage very soon,” said Eren Engur, a Günder board member.

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