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Press release…
While 2025 marks the end of the investment slump in the geothermal energy sector, the most significant problem facing the sector, which has reached an installed capacity of 1758 Megawatts (MW), is the possibility that power plant investments in the planning stage may fall outside the scope of the Renewable Energy Support Mechanism (YEKDEM).
According to Presidential Decree No. 7189 published in the Official Gazette on May 1, 2023, renewable energy-based electricity generation facilities with Renewable Energy Certificates must be commissioned by December 31, 2030, to benefit from the Renewable Energy Support Mechanism (YEKDEM).
OBSTACLE TO INVESTMENTS…
Ali Kındap, Chairman of the Geothermal Energy Association (JED), stated that many investments in the geothermal energy sector that are in the planning stage have entered a waiting period due to this time constraint stipulated in the legislation, emphasizing that this situation is the biggest obstacle to investments in the acceleration phase.
Reminding that geothermal power plants are the only renewable energy source capable of producing as base load within Türkiye’s total installed capacity of 122,000 MW, Kındap said, “The Renewable Energy Support Mechanism (YEKDEM) has a very important share in our country’s success in geothermal energy in the last 15 years, which has been applauded by the whole world.”
Kındap also pointed out that geothermal power plant investments show significant differences compared to other renewable sources such as wind and solar and stated that the investment cost per megawatt is at least three times higher than that of wind power plants…
