Geothermal power Generation is often overlooked.
But Turkey is heavily investing in the Renewable Energy as well. More than Competitors.
As of 2020 Turkey ranks 4th Worldwide when it Comes to Geothermal P.G.
Turkeys Potential looks like this.
March 2021:
New Geothermal Energy Association, JED established in Turkey
Ten geothermal operators in Turkey have established a new geothermal energy association, Jeotermal Enerji Dernegi (JED).
The goal of association is set to work with all sector stakeholders, including public, private and NGOs, to make geothermal energy contribute to the national economy in a wide range without being limited to electricity generation, and to create the perception of domestic, clean, renewable and reliable geothermal energy with positive content and communication in the public opinion on behalf of the whole sector.
Members:
- 3S Kale Energy Generation Inc.
- Greeneco Enerji Elektrik Üretim A.S.
- Gürmat Elektrik Üretim A.S.
- Karizma Energy Construction Industry and Trade Inc.
- Limgaz Electricity Production Mining Industry and Trade Inc.
- Maspo Energy Industry and Trade Inc.
- Mis Energy Generation Inc.
- Turcas Kuyucak Geothermal Electricity Generation Inc.
- Türkerler Geothermal Energy Exploration and Production Inc.
- Zorlu Dogal Elektrik Üretim A.S.
Ten geothermal operators in Turkey have established a new geothermal energy association, Jeotermal Enerji Dernegi (JED).
www.thinkgeoenergy.com
December 2021
Tübitak Int’l workshop “Geothermal Energy for Sustainable Development”
The guest editors of the special issue of the Journal of Earth Sciences, prepared by Tübitak, are Prof.Dr. Alper Baba and Prof. Dr. Dornadula Chandrasekharam have prepared the special issue of geothermal energy for sustainable development.
As stated on the event website, “Editors received more than 26 MS from authors from different countries working specifically on Advanced Geothermal Systems (EGS). This workshop is organized to bring all participants together on one platform to enhance cooperation and increase and promote the impact of geothermal on the net zero philosophy over the next decade.
“Climate change is now a reality. As proposed by the CoP in Paris in 2015, net-zero by 2050 needs innovation in the use of renewable resources, particularly geothermal, that can generate electricity at baseload and significantly reduce its carbon footprint.”
Scientific and Technological Research Council of Turkey (TUBITAK) will be holding an international Workshop on “Geothermal Energy for Sustainable Development” on December 8, 2021.
www.thinkgeoenergy.com
December 2021
With supporting regulation and better scope of supporting mechanism,
Turkish geothermal sector sees an opportunity for additional 2,000 MW in development.
With a development of 200-300 MW per year, the current situation though does not see much development. With an installed power generation capacity of about 1,670 MW, the Turkish geothermal sector was the fastest growing geothermal market in the past few years.
This is because of the scope of the Renewable Energy Resources Support Mechanism (YEKDEM). "The fact that prices have decreased by 30 percent in the new period. In addition, the quarterly implementation of the FX-indexed escalation formula in YEKDEM, which is supported in Turkish lira, also affects investments." he said.
Ali Kindap states a potential of additional 2,000 MW, which could be realised if issues related to price and time are resolved.
Jeotermal Enerji Derneği Başkanı Ali Kındap, sektörde yaklaşık 2 bin megavatlık potansiyelin destekleme fiyatı ve süresine ilişkin revizyon yapılması durumunda hızla hayata geçebileceğini belirtti. - Anadolu Ajansı
www.aa.com.tr
And 10 Days later Funding was Secured from the Worldbank
The World Bank has approved two loans of $300 million in funding to help development of over 380 MW of new geothermal capacity in Turkey.
The loans, approved December 15, 2021, are complemented by a $39.8 million grant from the Clean Technology Fund (CTF) as well as a $0.35 million grant from the Energy Sector Management Assistance Program (ESMAP).
“The World Bank is pleased to be a partner of the Government of Turkey in the energy transition effort and the scaling-up of geothermal capacity in particular. Increasing renewable energy generation capacity is critical to achieving energy security and climate change mitigation in Turkey. In addition, attracting climate friendly investment is crucial in Turkey’s energy transition,”.said Auguste Kouame, World Bank Country Director for Turkey.
Team leaders for the Project, Almudena Mateos Merino, Ayse Yasemin Orucu and Manuel Berlengiero, said thatwith the addition of the two new loans, the Geothermal Development Project is expected to finance a total of over 380 MW of new geothermal capacity, mobilize about $555 million of private capital, and contribute to Turkey’s climate commitments by preventing about 30 million tons of carbon emissions over the lifetime of the geothermal projects. In addition, this new financing will support the development of direct uses of geothermal resources and, thus, contribute to local development of communities close to geothermal sources.
The World Bank has approved two loans of $300 million in funding to help development of over 380 MW of new geothermal capacity in Turkey.
www.thinkgeoenergy.com
www.dunya.com
www.northel-tr.com
www.milres.com.tr
