International Community to meet in Turkey to see how it is Using Wind Power to Reduce Reliance on Foreign
In a little over three weeks (16-17 October 2012), Istanbul will host up to 500 international renewable experts keen to find out how they can leverage the huge, untapped opportunities that the Turkish renewables market offers.
With a 10 GW wind target alone, the Turkish government is increasing its commitment to renewables with the launch of intra-day market tests at the end of September which, if successful, will help intermittent power suppliers to balance their output when it launches fully in 2013. This is a huge step towards entrenching renewables as a viable portion of Turkey's power mix, and a move away from the volatile fossil fuel markets and towards a sustainable energy matrix.
Just ten years ahead of its 100th anniversary as a republic and 2023 renewables target, 2013 will see the Turkish renewable sector ramp up with new wind, solar and geothermal installations. The market already benefits from a feed-in tariff which, whilst small in comparison to some, is looking healthier as some European countries abandon theirs.
Additionally, it could be offset by lower operating costs that Turkey offers. There is also the offer of a bonus for companies that can manufacture locally and, as the country's GDP continues to grow on exports, the government is looking for new ways to support strong local industries and foreign direct investment.
Turkey has the second most abundant wind resources in Europe and it is Europe's sixth largest energy market with huge untapped opportunities so despite the on-going economic pain Europe is suffering, Turkey's proven wind installations, a commitment from EBRD next year of a further €1 billion towards renewables and on-going government support, the international renewables community is meeting to take a fresh look at the growth opportunities that the Turkish market will offer to their companies and shareholders.
About the Event
The 5th Annual Turkish International Renewable Energy Congress (TIREC), is the most prestigious annual Turkish renewables event. With up to 500 board and director level attendees and active buyers in the market, this is the event where business deals are done. Set to the back-drop of a fantastic, interactive programme which gives you the opportunity to hear from senior government officials, investors, developers and utilities, it also gives you unprecedented flexibility to move between three forward-thinking streams; Wind Power Turkey, Solar Power Turkey and GeoPower Turkey.
Booking could not be more easy with three quick and secure methods that enable you to attend the most prestigious event, awards ceremony and networking drinks reception: