9 Mart 2012 Cuma

Environmental Technologies Investment at Turkey

Environmental Technologies

Investments in environmental technologies are highly supported by government in Turkey. Attracting environmentally friendly investments is also a key objective of the Investment Support and Promotion Agency of Turkey (ISPAT).

Local municipalities in Turkey also play an important role in recycling, water purification, waste-sewage treatment, environmental remediation and solid waste management.

Energy efficiency is an essential part of the environmental policies in Turkey. Turkey has implemented most of the European legislation on energy efficiency.:

Renewable energy is an important segment of environmental technologies. Turkey’s primary energy sources include hydropower, geothermal, wood, animal and plant waste, solar and wind energy. Turkey’s geographical position has several advantages for extensive use of most of these renewable energy sources. The Renewable Energy Law was enacted in 2005 in order to encourage renewable energy generation in competitive market conditions.

According to Vision 2023, the Turkish National Technology Foresight Program, Turkey has developed strategies on environmental technologies mainly renewable energy, waste management, hydrogen technologies and water treatment.
Turkey is an active partner of Agenda 21 which provides an action plan for a global partnership in the field of sustainable development.
The new incentive regime introduced by Turkey includes interest support for environmental investments.
Turkey possesses a substantial amount of rivers and lakes that offer ideal opportunities for small as well as large-scale energy companies.

Turkey’s ambitious vision of 2023, the centennial foundation of the Republic, envisages grandiose targets for the renewable energy sector in Turkey. These targets include:

Increasing the share of renewables in energy generation to 30 percent
Full utilization of hydropower, more than doubling the existing capacity of hydropower
Increasing wind power to 20,000 MW (up from 1,694 MW in 2010)
Power plants with a capacity of 600 MW geothermal, 3,000 MW solar energy
Making Turkey one of the top 10 countries in solar energy worldwide



Strengths
Suitable geography with various natural resources
Turkey is among the top five countries in terms of geothermal resources
The solar energy potential of Turkey is higher than the combined potential of several European countries
According to the DSI Annual Report 2009, Turkey has 213 HEPPs with an installed capacity of 14.3GW
The Turkish electricity market represents one of the most promising markets in Europe with regard to growth potential in the coming years
Weaknesses
Significant need for foreign environmental expertise in Turkey as most Turkish firms within the environmental technologies sector lack the capabilities to handle large environmental projects
Lower efficiency in energy utilization compared to Europe
Lack of financial resources of local entrepreneurs



Opportunities
High potential supply of resources for the use of new renewable energy technologies (particularly boron and thorium resources)
As a result of economic growth, industrialization and urbanization, the demand for EGS in Turkey is increasing, particularly in the waste management, water supply and management, and air pollution control sub-sectors.
Turkey has started to focus on renewable energy, in an effort to decrease energy imports
Tremendous investment opportunities in renewables market
Threats
Being import-dependent on HEPP and WPP equipment
Renewable energy resources are mainly state owned both in Turkey and globally
Delay in the liberalization process and the private sector investments

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