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Turkish law with fixed wind power purchase prices not passed by commission
1 August 2004
The Turkish wind lobby's hopes that a new renewable energy law would be passed by parliament before the summer break in mid July have been dashed. Although the parliamentary energy commission was initially believed to have approved the draft, "an unexpected last minute rejection in the commission has pushed the approval to an unknown future and no one really knows what will happen next," according to the Istanbul office of EECH, the finance subsidiary of German wind project developer PT Group. The Turkish energy sector is in the process of being liberalised "and the draft law is a step towards this goal," the company says. The proposed renewables law included a fixed premium purchase price for wind kilowatt hours of 15-20% above the average wholesale electricity price of the previous year, but with a cap of EUR 0.06/kWh. Licence fees for renewable energy producers would also have been reduced. Other measures included a mandate on retailers to buy 8% of their sales from renewable sources. "Overall, the renewable sector welcomed the draft law, but it turns out that its time has not yet come," says EECH.
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