3rd Annual Wind & Solar in Turkey

Our 3rd Annual Wind & Solar in Turkey Forum took place at the Point Hotel Taksim, Istanbul (28-29 March 2012). We would like to thank our event sponsors Bezen & Partners and Mehmet Gun & Partners, as well as our exhibitors Tensar and Naturel, and our supporting associations Eurosolar and the Turkish Wind Energy Association.

The event addressed key challenges facing the Turkish Wind and Solar market, including legislation, investment, finance and project management. With enthusiastic panel discussions and engaging presentations, fundamental obstacles were discussed and solutions offered, providing a showcase for future opportunities.

The event was opened by the event chair – Prof. Dr. Tanay Sidki – who provided a detailed overview of the urgent need for renewable energy generation capacity in Turkey, and widely throughout the world, during inspiration from Germany and other developed economies. Mr Attila Gurbuz (Deputy General Manager – Renewable Energy Directorate, Ministry of Energy and Natural Resources of Turkey) followed, reviewing the Government’s renewable energy strategy to 2023, offering a strong indication of their intent, however the audience felt a greater need for increased incentives, particularly for Solar energy projects.

 

Gokhan Baykam (Relight Group) chaired the proceeding panel discussion, which focused on creating a sustainable investment climate in Turkey with panellists: Mr Kor Ozay (Agaoglu Energy), Mr Ibrahim Erden (Enerjisa), Mr Erol Demirer (Demirer Holding) and Mr Ali Karaduman (Guris Holding). The panel fervently debated whether the current incentives to project developers were adequate enough to encourage further investment in Turkey’s renewable energy market . They concluded that further privatisation of the Turkish energy market and expected increased in energy prices will enable Wind to compete in the energy mix, however  Solar needs more support, with an increase in Feed in Tariffs. It was accepted that investors need more guarantees, including a secure and stable incentive regime.

 

The following session reviewed the legal framework in Turkey, with excellent presentations from Yesin Bezen (Bezen & Partners) and Ozan Karaduman (Mehmet Gun & Partners). Ms Bezen presented on overcoming legal obstacles for RE projects, which included a detailed analysis of RES incentive mechanisms, also identifying key legal risks in renewable energy projects and possible ways to mitigate. This was followed by Mr Karaduman who aptly presented on licensing and project development with a detailed review of licensing from basics through to current updates and future expectations.

 

The final half of Day 1 was dedicated to financing renewable energy projects, where leading national and international finance institutions discussed their requirements, expectations and deal structures. This session was opened by Mr Mehmet Erdem (EBRD) discussing the role of IFIs in Turkey’s renewable energy sector. Mr Aygen Yayikoglu (Crescent Capital) provided an excellent presentation on their renewable energy fund and its expectations for Turkey. The presentation session ended with Mr Yusuf Macun (HSBC), highlighting the requirements of an international lender. The final session of Day 1 closed with a panel discussion on Financing wind and solar projects, chaired by Mr Mehmed Cavusoglu (DME Partners & Co) with panellist: Ms Ozlem Atabey (IsBank), Ms Aysum Ozen (Deloitte), Mr Alain Terraillon (EIB), Ms Ceyda Cetin Erten (Denizbank) and Mr Aygen Yayikoglu. This session provided the audience a chance to find out about the requirements, risks and expected returns from wind and solar projects.

 

The event closed with an opportunity to relax and network over a glass of wine in the rooftop bar and balcony, with excellent views over Istanbul.

 

Day 2 provided a more in-depth analysis of the Turkish Wind and Solar markets. Mr Miguel Ferreira (Megajoule) addressed how to tackle uncertainties in wind project development, including the critical need to have high quality wind resource assessment. This was followed by Ms Dorotea Delbrueck (Nordex) who offered the solutions for different site characterisations, including Nordex’s current range of products suited to the Turkish market, with wider operation in temperature extremes. This session was continued with excellent presentations from Mr Kor Ozay (Agaoglu Energy) who analysed the bankability of Wind projects, while Mr Mehmet Hilmi Karan (Zorlr Enerji) and Mr Erol Demirer (Demirer Holding) provided more in-depth analyses of the Turkish market. Mr Mustafa Ataseven (TUREB) then hosted a Q&A session with Mr Demirer and Mr Kara, offering the audience the opportunity to pose questions and find out whether Turkey’s wind energy market is viable.

 

The final session of Day 2 discussed the challenges and opportunities of Solar energy in Turkey, including PV and other options. Presentations were provided by Mr Ates Ugurel (iRES), Mr Geert Dooms (3E), Mr Bartu Bugatur (Sunstrip) and Mr Vincenzo Pelliccia (GE). The speakers discussed; the local dynamics of the Turkish market, law and legislations, technical risk management for successful solar projects, low and high temperature solar thermal, and combining renewable with other energy sources.

 

The event promoted wind and solar energy opportunities in Turkey, with detailed analysis of legal frame works and incentives, financing and investment mechanisms and requirements and review of generation options.

 

If you are interested in Turkey and Southeast Europe, or renewable energy, then please contact our energy team for more information: energy@eelevents.co.uk or +44 (0) 207 275 8020. Please visit our website for a full list of upcoming events.

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