Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 6
2 Executive Summary 7
2.1 Global Carbon Emissions to Increase at a Lower rate During the Forecast Period 7
2.2 Technological Advancements and Government Support Driving Global Renewable Power Installations 7
2.3 Thermal Power Dominates Turkey's Power Mix 8
2.4 Power Market in Turkey Characterized by Transparent Regulatory Framework 8
2.5 Domestic Content Requirement to Drive Component Manufacture in Turkey 9
3 Introduction 10
3.1 Carbon Emissions, Global, 2001-2016 10
3.2 Primary Energy Consumption, Global, 2001-2030 12
3.3 Geothermal Power, Global, Technology Definition and Classification 15
3.3.1 Conversion Technologies 15
3.4 Report Guidance 16
4 Renewable Power Market, Global, 2006 - 2030 17
4.1 Renewable Power Market, Global, Overview 17
4.2 Renewable Power Market, Global, Installed Capacity, 2006-2030 18
4.2.1 Renewable Power Market, Global, Cumulative Installed Capacity by Source Type, 2006-2030 18
4.2.2 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 20
4.2.3 Renewable Power Market, Global, Net Capacity Additions by Source Type, 2016-2030 22
4.2.4 Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 24
4.3 Renewable Power Market, Global, Power Generation, 2006-2030 26
4.3.1 Renewable Power Market, Global, Power Generation by Source Type, 2006-2030 26
4.3.2 Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 28
4.4 Renewable Power Market, Global, LCOE Comparison of Power Generating Sources, 2016 30
5 Geothermal Market, Global, 2006-2030 33
5.1 Geothermal Power Market, Global, Overview 33
5.2 Geothermal Market, Global, Installed Capacity, 2006-2030 34
5.2.1 Geothermal Power Market, Global, Installed Capacity Share by Region, 2016 and 2030 36
5.2.2 Geothermal Power Market, Global, Installed Capacity Share by Country, 2016 and 2030 37
5.3 Geothermal Market, Global, Power Generation, 2006-2030 39
5.3.1 Geothermal Market, Global, Generation Share by Region, 2016 and 2030 41
5.3.2 Geothermal Market, Global, Generation Share by Country, 2016 and 2030 42
5.4 Geothermal Market, Global, Investment Trends, 2016-2020 44
6 Power Market, Turkey, 2006-2030 46
6.1 Power Market, Turkey, Overview 46
6.2 Power Market, Turkey, Installed Capacity, 2006-2030 47
6.2.1 Power Market, Turkey, Cumulative Installed Capacity by Fuel Type, 2006-2030 47
6.2.2 Power Market, Turkey, Share in Cumulative Installed Capacity Split by Source Type, 2016 and 2030 50
6.2.3 Power Market, Turkey, Net Capacity Additions by Fuel Type, 2016-2030 51
6.2.4 Power Market, Turkey, Comparison of Technologies Based on Installed Capacity, 2016-2030 53
6.3 Power Market, Turkey, Power Generation, 2006-2030 55
6.3.1 Power Market, Turkey, Power Generation by Fuel Type, 2006-2030 55
6.3.2 Power Market, Turkey, Comparison of Technologies Based on Power Generation, 2016-2030 58
7 Renewable Power Market, Turkey, 2006-2030 60
7.1 Renewable Power Market, Turkey, Overview 60
7.2 Renewable Power Market, Turkey, Installed Capacity, 2006-2030 61
7.2.1 Renewable Power Market, Turkey, Cumulative Installed Capacity by Source Type, 2006-2030 61
7.2.2 Renewable Power Market, Turkey, Cumulative Installed Capacity Split by Source Type, 2016 and 2030 64
7.2.3 Renewable Power Market, Turkey, Net Capacity Additions by Source Type, 2016-2030 66
7.2.4 Renewable Power Market, Turkey, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68
7.3 Renewable Power Market, Turkey, Power Generation, 2006-2030 70
7.3.1 Renewable Power Market, Turkey, Power Generation by Source Type, 2006-2030 70
7.3.2 Renewable Power Market, Turkey, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73
8 Geothermal Market, Turkey, 2006-2030 75
8.1 Geothermal Market, Turkey, Overview 75
8.2 Geothermal Power Market, Turkey, Installed Capacity, 2006 - 2030 76
8.3 Geothermal Power Market, Turkey, Power Generation, 2006-2030 78
8.4 Geothermal Power Market, Turkey, Investment Trends, 2016-2020 80
8.5 Geothermal Power Market, Turkey, Project Based Analysis, 2016 82
8.5.1 Geothermal Power Market, Turkey, Major Active Plants, 2016 82
8.5.2 Geothermal Power Market, Turkey, Key Under-construction Projects, 2016 83
8.6 Geothermal Power Market, Turkey, Deal Analysis, 2016 84
8.6.1 Geothermal Power Market, Turkey, Deal Volume vs. Deal Value, 2006-2016 84
8.6.2 Geothermal Power Market, Turkey, Split by Deal Type, 2016 86
9 Power Market, Regulatory Scenario, Turkey 87
9.1 Renewable Energy Market, Overview 87
9.2 Electricity Market Law 88
9.3 Natural Gas Market Law 88
9.4 Energy Strategy for the 2015-2019 period 88
9.5 The Use of Renewable Energy Resources for the Generation of Electrical Energy (Law No. 5346) 88
9.6 National Climate Change Action Plan 89
9.7 Law on Geothermal Resources and Natural Mineral Water 89
9.8 Renewable Energy Law, 2010 90
9.9 Feed-in Tariff 90
9.10 Electricity Market Licensing Regulation 91
9.11 Climate Investment Funds 91
9.12 Energy Efficiency Law, 2007 (Law No. 5627) 92
9.13 Support Scheme for Energy Efficiency in Industry 92
9.14 Improving Energy Efficiency in Building Sector 93
9.15 Improving Energy Efficiency in All Sectors 93
10 Geothermal Power Market, Turkey, Company Profiles 94
10.1 Company Snapshot: Zorlu Enerji Elektrik Uretim A.S. 94
10.1.1 Zorlu Enerji Elektrik Uretim A.S. - Company Overview 94
10.1.2 Zorlu Enerji Elektrik Uretim A.S. - Major Products and Services 94
10.1.3 Zorlu Enerji Elektrik Uretim A.S. - Head Office 94
10.2 Company Snapshot: Turkerler Holding A.S 95
10.2.1 Turkerler Holding A.S - Company Overview 95
10.2.2 Turkerler Holding A.S - Major Products and Services 95
10.2.3 Turkerler Holding A.S - Head Office 95
10.3 Company Snapshot: GURMAT Electric Generation Co., Inc. 96
10.3.1 GURMAT Electric Generation Co., Inc. - Company Overview 96
10.3.2 GURMAT Electric Generation Co., Inc. - Major Products and Services 96
10.3.3 GURMAT Electric Generation Co., Inc. - Head Office 96
11 Appendix 97
11.1 Abbreviations 97
11.2 Bibliography 97
11.3 Market Definitions 98
11.4 Methodology 98
11.5 Coverage 98
11.5.1 Secondary Research 99
11.5.2 Primary Research 99
11.5.3 Modeling and Forecasting 99
11.6 Contact Us 99
11.7 Disclaimer 100
List of Tables
Table 1: Carbon Dioxide Emissions from Energy Consumption, Global (MT), 2001-2016 12
Table 2: Primary Energy Consumption, Global (Mtoe), 2001-2030 14
Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 19
Table 4: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 21
Table 5: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 23
Table 6: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 25
Table 7: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 27
Table 8: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 29
Table 9: Renewable Power Market, Global, Assumptions for LCOE Calculation 30
Table 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 32
Table 11: Geothermal Market, Global, Installed Capacity (MW), 2006-2030 35
Table 12: Geothermal Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 36
Table 13: Geothermal Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 38
Table 14: Geothermal Power Market, Global, Power Generation (GWh), 2006-2030 40
Table 15: Geothermal Power Market, Global, Generation Share by Region (%), 2016 and 2030 41
Table 16: Geothermal Market, Global, Generation Share by Country (%), 2016 and 2030 43
Table 17: Geothermal Market, Global, Investment Trends, 2016-2020 45
Table 18: Power Market, Turkey, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 49
Table 19: Power Market, Turkey, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 50
Table 20: Power Market, Turkey, Net Capacity Additions by Fuel Type(MW), 2016 and 2030 52
Table 21: Power Market, Turkey, Comparison of Technologies Based on Installed Capacity, 2016-2030 54
Table 22: Power Market, Turkey, Power Generation by Fuel Type (GWh), 2006-2030 57
Table 23: Power Market, Turkey, Comparison of Technologies Based on Power Generation, 2016-2030 59
Table 24: Renewable Power Market, Turkey, Cumulative Installed Capacity by Source Type (MW), 2006-2030 63
Table 25: Renewable Power Market, Turkey, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 65
Table 26: Renewable Power Market, Turkey, Net Capacity Additions by Source Type (MW), 2016-2030 67
Table 27: Renewable Power Market, Turkey, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 69
Table 28: Renewable Power Market, Turkey, Power Generation by Source Type (GWh), 2006-2030 72
Table 29: Renewable Power Market, Turkey, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 74
Table 30: Geothermal Power Market, Turkey, Installed Capacity (MW), 2006 - 2030 77
Table 31: Geothermal Power Market, Turkey, Power Generation (GWh), 2006-2030 79
Table 32: Geothermal Power Market, Turkey, New Investment ($m), 2016-2020 81
Table 33: Geothermal Power Market, Turkey, Major Active Plants, 2016 82
Table 34: Geothermal Power Market, Turkey, Key Under-construction Projects, 2016 83
Table 35: Geothermal Power Market, Turkey, Deal Volume vs. Deal Value ($m), 2006-2016 85
Table 36: Geothermal Power Market, Turkey, Deals by Type, 2016 86
Table 37: Turkey, Renewable Energy Feed-in Tariffs and Bonus (c/kWh and $c/kWh), 2016 90
Table 38: Turkey, Renewable Power Market, Additional Price Incentive for Renewable Power Plants using Local Components ($c/kWh) 90
Table 39: Zorlu Enerji Elektrik Uretim A.S. , Major Products and Services 94
Table 40: Turkerler Holding A.S, Major Products and Services 95
Table 41: GURMAT Electric Generation Co., Inc., Major Products and Services 96
Table 42: Abbreviations 97
List of Figures
Figure 1: Power Market, Turkey, Cumulative Installed Capacity by Source Type, 2016 8
Figure 2: Carbon-di-oxide Emissions from Energy Consumption, Global (MT), 2001-2016 11
Figure 3: Primary Energy Consumption, Global (Mtoe), 2001-2030 13
Figure 4: Renewable Power Market, Global, Cumulative Installed Capacity by Source Type (MW), 2006-2030 18
Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 20
Figure 6: Renewable Power Market, Global, Net Capacity Additions by Source Type (MW), 2016-2030 22
Figure 7: Renewable Power Market, Global, Comparison by Cumulative Installed Capacity of Technology, 2016-2030 24
Figure 8: Renewable Power Market, Global, Power Generation (GWh), 2006-2030 26
Figure 9: Renewable Power Market, Global, Power Generation, Source Comparison Based on Power Generation, 2016-2030 28
Figure 10: Renewable Power Market, Global, LCOE Comparison of Power-generating Sources ($/kWh), 2016 31
Figure 11: Geothermal Market, Global, Installed Capacity (MW), 2006-2030 34
Figure 12: Geothermal Power Market, Global, Cumulative Installed Capacity Share by Region (%), 2016 and 2030 36
Figure 13: Geothermal Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2016 and 2030 37
Figure 14: Geothermal Power Market, Global, Power Generation (GWh), 2006-2030 39
Figure 15: Geothermal Power Market, Global, Generation Share by Region (%), 2016 and 2030 41
Figure 16: Geothermal Market, Global, Generation Share by Country (%), 2016 and 2030 42
Figure 17: Geothermal Market, Global, Investment Trends, 2016-2020 44
Figure 18: Power Market, Turkey, Cumulative Installed Capacity by Fuel Type(MW), 2006-2030 48
Figure 19: Power Market, Turkey, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 50
Figure 20: Power Market, Turkey, Net Capacity Additions by Fuel Type(MW), 2016-2030 51
Figure 21: Power Market, Turkey, Comparison of Technologies Based on Installed Capacity, 2016-2030 53
Figure 22: Power Market, Turkey, Power Generation by Fuel Type (GWh), 2006-2030 56
Figure 23: Power Market, Turkey, Comparison of Technologies Based on Power Generation, 2016-2030 58
Figure 24: Renewable Power Market, Turkey, Cumulative Installed Capacity by Source Type (MW), 2006-2030 62
Figure 25: Renewable Power Market, Turkey, Cumulative Installed Capacity Split by Source Type (%), 2016 and 2030 64
Figure 26: Renewable Power Market, Turkey, Net Capacity Additions by Source Type (MW), 2016-2030 66
Figure 27: Renewable Power Market, Turkey, Comparison of Renewable Power Sources Based on Installed Capacity, 2016-2030 68
Figure 28: Renewable Power Market, Turkey, Power Generation by Source Type (GWh), 2006-2030 71
Figure 29: Renewable Power Market, Turkey, Comparison of Renewable Power Sources Based on Power Generation, 2016-2030 73
Figure 30: Geothermal Power Market, Turkey, Installed Capacity (MW), 2006 - 2030 76
Figure 31: Geothermal Power Market, Turkey, Power Generation (GWh), 2006-2030 78
Figure 32: Geothermal Power Market, Turkey, New Investment ($m), 2016-2020 80
Figure 33: Geothermal Power Market, Turkey, Deal Volume vs. Deal Value ($m), 2006-2016 84
Figure 34: Geothermal Power Market, Turkey, Split by Deal Type (%), 2016 86
