RERAs in the Turkish Renewable Energy
Industry: An Introduction to Regulatory
Turkey has started to implement a new energy investment model called RERA in 2016, aiming to promote renewable energy investments and use of local manufacturing and technology. Together with other support and incentive mechanisms as well as higher feed-in tariffs in place, RERA model may attract interest of both domestic and foreign investors. Turkey announced a first set of public projects under the RERA model on 3 July 2020. Under this new structure, investors will be able to build and operate solar electricity generation plants with grid connection capacities that are equal to or smaller than 10 megawatts (mWs). In this article, we provide an introductory overview on how Mini RERA tenders will be performed and what investors should expect.
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