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

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growatt01-08-2022

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.

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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