The energy sector in Turkey is experiencing rapid growth and attracting a surge of new investments. Given the regulated nature of the market, all energy-related operations must comply with the pertinent laws and regulations.
The emerging investment fields of green hydrogen and blue hydrogen projects have garnered significant attention within Turkey’s energy market. Particularly, the European Union’s net-zero carbon policy by 2050 and Turkey’s corresponding target for 2053 have further intensified the allure of these investments.
Renewable energy investments/projects are backed by government incentives in Turkey through the YEKDEM mechanism (renewable energy support scheme / feed-in tariff) or YEKA tenders (renewable energy resource sites). We provide consultancy for clients engaging in these processes to secure capacity allocations.
As a signatory to the Paris Agreement, Turkey is steadfast in its commitment to achieving net-zero carbon emissions by 2053. Consequently, the government actively promotes the transition to green energy generation and consumption through a range of incentives, grants, and certificates such as IREC and YEK-G, along with green tariffs like YETA.
Energy investments, from solar to offshore, from hydro to electric vehicles are subject to specific regulations. Our firm provides information/roadmaps regarding licenses, tenders, and relevant regulations. We also represent our clients in their acquisitions of licensed and unlicensed solar and wind power projects.
We provide legal assistance for our clients regarding regulatory issues in Turkey, transactional matters and information for their energy investment plans in Turkey.
Tags: energy investments in Turkey, solar, hydro, wind, offshore, onshore, blue hydrogen, green hydrogen, electric vehicles, tenders, auctions, YEKA, YEKDEM, feed-in-tariff, EMRA, EPDK, nuclear power plants, small modular reactors, SMR technologies.
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