Turkey: Energy Market Status and Development 2017

Report Description

Table of Contents

FAQs

Introduction,market background and USPs

The status of the Energy Sector in Turkey

Turkey’s energy demand has been growing rapidly in line with its economic growth with an increase in 46% between 2007 and 2016.
Significant progress has been made in liberalising the energy market since 2013 with the introduction of the New Electricity Market Law and the Turkish Petroleum Law.
The Government has set ambitious targets for 2023 including action plans on energy efficiency, renewable energy, nuclear energy and climate change. These targets are mainly to decrease dependency on energy imports and to address the vulnerability of the infrastructure to seasonal peaks in energy demand.
The total investments required to meet Turkey’s expected energy demand in 2023 are estimated to amount to around USD 110 billion, more than double the total amount invested over the last decade.

Key features of this report

Identification of the most promising energy sectors in Turkey, and highlights of how various geographic markets are expanding their share in the total energy supply mix in Turkey.
Five-year assessment of the latest energy technology and installed energy capacity.
Turkey energy market trends and costs.
List of major key players of the Turkey renewable energy market.
Information on government policy framework supporting the Turkey energy market.
Identification of Turkey energy development and potential energy resource.

Key benefits from reading this report

Realize up to date competitive intelligence through a comprehensive assessment of the installed generation capacity in Turkey energy markets.
Achieve a comprehensive understanding of the drivers and resistors effecting the Turkey energy market.
Analyze the cost of power in Turkey.
Understand government policy framework on Turkey and learn which technology trends are likely to allow greater market impact.
Identify the growth of Turkey energy development and Turkey energy resource potential in the future and examine how it is changing energy economics in Turkey.

Assess turkey future outlook in energy demand by fuel and scenarioby technology.

Key Market Issues

The EU-Turkey energy and climate relationship is considered by the EU as one of the few components of the EU-Turkey ‘Positive agenda’ – areas in which strong mutual interests prevail even during politically difficult times (EEAS, 2017)

After years of relying on gas from countries such as Russia and Azerbaijan for its power, Turkey has taken steps to wean itself of this dependence and this has translated into a new drive for lignite plants, as well as for renewables.
There are a few players who have a foothold in the nuclear sector (including Russia, Japan and France) and general opportunities for foreign intervention in this sector are limited.
According to GE Power, Turkey is in the top 10-12 countries in the world for power.

Key findings of this report

As of 01 January 2018, Turkey had 81,555MW of licensed power plants and 3,645MW of unlicensed power plant, and has installed capacity of 85,200MW in total.
The main fossil fuel generation in Turkey is natural gas (27% of installed capacity) and coal (22% of installed capacity).
61.5% of installed electricity generation is owned by the private sector..
Renewable energy is the greatest untapped power potential in Turkey and in particular there are significant opportunities in geothermal power.
The Turkish energy market benefits from its geographical location in terms of its access to resource, but the power market is not immune to geopolitical and internal political challenges. The country is however used to fluctuations and it is expected that it will continue to be a strategic sector for the investors and the financiers due to sound fundamentals in the long term.

Key questions answered by this report

What was the market size of the Turkey energy market?
What will be the forecast of installed Turkey generation capacity?
What are the drivers shaping and influencing additions to installed capacity in the Turkey energy market?
What are the major key players of Turkey renewable energy?
What is the impact of political developments on Turkey energy market?
What is the regulatory policy framework governing in the leading energy in Turkey?
What is the future growth potential offered by promising power markets in Turkey?

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Turkey: Energy Market Status and Development 2017

Published By :Power Generation Research

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