Solar Bankers in Turkey

Solar Bankers Turkey
TURKEY
29.10.2018
SOLAR BANKERS PARTNERSHIP
CHRISTIAN OTT
AUTHOR
Solar Bankers in Turkey
Recently, the Solar Bankers team traveled to Turkey to bring two important milestones of the project forward. On one hand, they wanted to set up a prototype micro-grid installment to test energy trading, on the other hand they aimed to further advance plans to open a local manufacturing facility. But before we dive deeper into their achievements during that trip, let’s take a look at the overall energy consumption in Turkey.

Energy Consumption in Turkey
Turkey has the 17th largest economy in the world.1 With its economy and its population steadily growing, the overall energy demand has risen as well. However, in 2012 nearly 90% of its amount of energy consumed was imported from other countries,2 leading to high electricity prices within the country.3 Moreover, the Turkish energy demand is estimated to increase up to 90% from 2011-2023.4 Accordingly, in late 2014 the Turkish Ministry of Energy and Natural Resources published an action plan that promotes the further usage of renewable energy. They aim to increase the share of renewable energy in Turkish electricity generation to at least 30% and 127.3 TWh in 2023,5,6 which amounts to 61,000 Megawatt of renewable energy in 2023.7 While a large part of that will be provided by hydropower (34k MW) and wind energy (20k MW), the Turkish government also aims to deploy 5 thousand MW of solar energy,8 which is rather high concerning only 600 MW of solar power were connected to the grid at the end of 2013.9

Cooperation with the Turkish Government
To further facilitate this increase in solar power usage, the Solar Bankers team was recently invited to the Ministry of Renewable Energy as well as the Ministry of Trade, both located in Turkish capital Ankara, to discuss its plans for a local manufacturing project. The Ministry of Renewable Energy granted Solar Bankers full support and labeled it as a strategic investment.10 The Ministry of Trade granted Solar Bankers a credit line of at least 60% of the total costs of their local manufacturing project.11

Micro-Grid Prototype
To fulfill their targets in Turkey, Solar Bankers opened a new branch (Solar Bankers Turkey). Its headquarters are based in the Technopark Izmir,12 a research institute that hosts about 80 R&D companies and is located 40 km away from the city of Izmir.13 Solar Bankers will also implement a prototype for their energy trading/energy exchanging platform in the Technopark, by equipping two buildings with solar devices and connecting them so they can form a micro-grid system. Energy production and consumption will be monitored using smart meters.14

Infographic about the partnership
To further outline Solar Bankers’ pilot project in Turkey, I designed an infographic in a poster format about the partnership, that displays its core elements:
Poster
I also made a downloadable version of the poster displayed in this article, which you are more than welcome to share or print, to spread the word about Solar Bankers. Download it here:

Download
Solar Bankers in Turkey – Ultra High Quality – Width: 4960 Pixel
Sources
1
The International Monetary Fund listed Turkey as the 17th largest economy in the world with a GDP of 0.85 trillion USD in 2017.
International Monetary Fund; Official Website; World Economic Outlook Database; 29.10.2018
2
“Turkey is the 17th largest economy in the world and the 6th largest in Europe. With a growing economy and population, energy demand in Turkey has steeply risen, which has ranked security of supply at the top of the government’s agenda, both for electricity and for other primary energy sources. The Turkish economy is heavily dependent on imported energy supplies, and its primary energy consumption is mainly based on fossil fuels, which was approximately 90% in 2012 where majority of this supply was imported from other countries. In the upcoming years, it is forecasted that Turkey will continue with the major economic development, which will require an increase in the demand of energy supply.”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
3
“Turkey, currently holding the highest wholesale electricity prices in Europe will be the runaway winner of the grid parity race as simulated by Pöyry.”
Andy Colthorpe; pv-tech.org; Solar to beat wind to wholesale grid parity in Europe – report; December 2014
4
“According to current estimates, an increase of around 90% in primary energy demand will take place during the period of 2011-2023. Aside from investments for the creation of new capacity within the field, the source of energy (for instance, the need for local and renewable sources) and maximizing energy efficiency are also critical points for Turkey. In order to both avoid the risks linked to a high level of energy dependency and to develop a sustainable energy model, the Government is committed to promoting alternative solutions based mainly in renewable energy. Therefore, Turkey has initiated a forward-looking and innovative energy policy in which renewable energy plays a significant role.”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
5
“The Government has established very ambitious objectives for 2023 regarding electricity generation based on the high availability of renewable energy resources: hydro, wind, solar irradiation, geothermal, etc., which would increase the share of renewable energy in electricity generation to at least 30% and 127.3 TWh in 2023.”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
6
“Given the targets presented above, the gross electricity generation in 2023 would be 91,800 GWh for hydropower; 50,000 GWh for onshore wind energy; 5,100 GWh for geothermal energy; 8,000 GWh for solar energy; and 4,533 GWh for biomass. All in all, the total gross electricity generation would be 159,433 GWh. This quantity represents 37% of the total forecast consumption in 2023; the commitment of the Government is 30%, 127,324 GWh.”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
7
“By 2023, 61,000 MW of renewable energy will be installed to generate approximately 159 TWh.”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
8
“The objectives for the different technologies are 34,000 MW of hydropower, 20,000 MW of wind energy, 1,000 MW of geothermal energy, 5,000 MW of solar energy (photovoltaic and concentrated solar power) and 1,000 MW of biomass (the biomass target is not yet included in the official documents).”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
9
“TEİAŞ announced a total of 600 MW capacity that can be connected to the grid by December 31, 2013.”
Republic of Turkey – Ministry of Energy and Natural Resources; National Renewable Energy Action Plan for Turkey; December 2014
10
“The Solar Bankers team was invited to the Ministry of Renewable Energy, Ankara, to discuss its manufacturing project. During this meeting, the company was granted full support from the local ministry, being labeled as a strategic investment from the Turkish government.”
Solar Bankers; Official Blog; Update from Turkey; 14.09.2018
11
“The Solar Bankers team was also received by the Ministry of Trade in Ankara. Dr. Maragliano and Mr. Jost presented the company’s manufacturing project in front of a team of experts. After an in-depth technical discussion, Solar Bankers project was deemed eligible to receive an investment certificate, which will grant the company a credit line from state banks for a minimum of 60% of the total project cost.”
Solar Bankers; Official Blog; Update from Turkey; 14.09.2018
12
“Solar Bankers opened a new branch in Izmir, Turkey. The company, Solar Bankers Turkey, has its headquarters at the Technopark, a research institute located 40 km away from the city of Izmir.”
Solar Bankers; Official Blog; Update from Turkey; 14.09.2018
13
“Established on a 218 hectare area in 2002, the facility operates within the İzmir Institute of Technology. The region is 45 km to the İzmir city center via the İzmir – Çeşme Highway and 30 km to the Çeşme Port. Major regions of the city are easily accessible via highway. There are currently 80 R&D companies operating in the region. Among them are global firms such as Accenture and Netsis. Companies in the region can benefit from Computer Application and Research Center, Material Research Center, Environment R&D Application and Research Center, Geothermal Energy Research and Application Center, Biotechnology and Bioengineering Center Research Laboratory and Continuing Education Center. There are two incubation centers in the region. The incubation centers have enough offices and infrastructure to host over 100 entrepreneurs. Located at the centers are Promotion, Patenting and Technology Transfer Office; Shareholders Office; Qualified Social Equipment Area; Technical Training Halls; Meeting Halls; Technical Workshops and Leasable Offices.”
Invest in Izmir; Official Website; Technopark Izmir; 29.10.2018
14
“Two buildings in the Technopark (see below picture) have been successfully connected to form a micro-grid system. Each building will be equipped with a 2.4 kW solar installation and a 10 kWh storage unit (battery pack). Energy production and consumption will be monitored using smart meters. The smart meter database will be integrated with Solar Bankers’ energy trading platform to allow energy trading (exchange) between the two buildings.”
Solar Bankers; Official Blog; Update from Turkey; 14.09.2018