With commitments to achieve around 5
gigawatts of solar capacity by the early 2020's, the Turkish solar
sector is set for acceleration as a leading solar market in the coming
years, a SolarPower Europe official said on Wednesday.
In
an exclusive interview with Anadolu Agency, James Watson, the CEO of
SolarPower Europe said that currently, Turkish regulators are paving the
way for the construction of solar in the country.
As
solar is quite adaptable and versatile to all geographies, he said
Turkish regulators are becoming more positive towards solar, and a big
increase has been evident in the market to date.
Last
year, Turkey's Energy and Natural Resources Minister presented the
country's National Energy Strategy to focus its diversification of
energy production on local resources.
According
to the minister, Turkey's solar capacity is expected to grow by 10
gigawatts (GW) by the end of 2023, in line with this strategy.
Following
the strategy's announcement, Turkey opened solar and wind tenders to
maximize the use of local resources as part of Turkey's Renewable Energy
Resource Zone Projects (YEKA).
Watson hailed the project as a catalyst for increasing the uptake of solar provided it is well designed.
"What
we have seen in other countries when a framework for the adoption and
implementation of solar is designed well, actually, solar can be
developed very quickly," he said, further explaining that as the
technology is simple, it can be easily grid connected.
The monthly installation of 800 megawatts is a real testimony to the potential of the Turkish solar market, Watson stated.
Based
on this progress, he expects to see a lot of cooperation between
European and Turkish industries in their attempts to build not just for a
large-scale market, but also on a small scale in Turkey.
- Trump’s import duties on solar panels only negatively affect U.S. market
The
Trump administration's decision to enact section 201 in U.S. trade law
to apply import duties on solar panels to target global competition
"will have a dampening effect on demand," Watson said.
"... Demand will reduce because ultimately the cost of solar panels will increase by 30 percent," he said.
However,
he said the market would not collapse but would operate at lower rates
of return, because so far Trump has not removed the incentive scheme -
the investments tax credit, which provides very good incentives that
will somewhat offset the 30 percent cost increase.
He considers that the impact of the U.S. decision will be very minimal with new global markets opening up on a daily basis.
He also asserted that the slight reduction in U.S. demand would not lead to the oversupply of panels elsewhere.
"I don’t see a major impact from that decision on other markets. It is just a pity for the U.S. markets," he concluded.
(Anadolu Agency)