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Analysis of the Expected Development of Solar PV Market in Turkey
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Energy and Climate Studies, ECS.
2014 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Electricity generation through solar photovoltaic (PV) technology has been one of the leading renewable energy generation options in the global arena and in many countries that are working to address increasing energy demand and high fuel import dependencies. Due to the feed in tariff (FIT) amendment in 2011 and decreasing costs in global PV sector, the interest in this emerging market is quickly increasing in Turkey. The aim of this thesis is to explore the prospects for development of the solar PV market in Turkey, considering residential, commercial and utility scale PV systems with rooftop or ground mounted installations.

The economic situation, the energy profile, regulatory framework for solar energy and the market conditions in the country were researched. The ultimate purpose was to assess the overall conditions to attract investors, and estimate the development of the solar PV market growth in Turkey particularly in the next few years.

High irradiation levels, limited domestic energy resources and high interest in license applications suggest a big potential for solar PV electricity in Turkey. However, the regulatory framework is not yet suitable for a fast growth of this emerging solar PV market in the country due to lack of political support and experience in related government functions. Despite the high interest and demand for commercial systems, the solar PV market in Turkey is expected to grow linearly as a start. This contrast with precedents in leading European markets, which experienced exponential growth at the beginning. This study shows that there is a need for performance improvement within the regulative authorities, time for stakeholders to experience the market and more comprehensive and stable legislation. However, in the long term, solar PV technology is expected to gain high competitive advantage due to improving financial conditions in the country, increase in electricity prices (e.g. grid parity has already been reached for residential systems), and cost reductions for PV components around the world.

Place, publisher, year, edition, pages
2014.
Keyword [en]
Solar, PV, Energy, Turkey
National Category
Energy Systems
Identifiers
URN: urn:nbn:se:kth:diva-165442OAI: oai:DiVA.org:kth-165442DiVA: diva2:808432
Presentation
2014-10-23, 13:00 (English)
Supervisors
Examiners
Available from: 2015-05-12 Created: 2015-04-28 Last updated: 2015-05-12Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
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  • sv-SE
  • Other locale
More languages
Output format
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