Turkey has been ranked as the fifth-biggest wind power investor in Europe in 2020 with €1.6 billion, according to WindEurope’s report.
The Financing and Investment Trends in the European Wind Industry in 2020 report said that investments in offshore wind farms hit a record €26.3 billion, while investments in new onshore wind farms reached €16.5 billion.
Commenting on the report, WindEurope CEO Giles Dickson said governments in Europe could bolster wind energy to deliver climate and energy goals by simplifying the permit process.
“The technology is available. So is the money. But the right policies are missing, notably on the permitting of new farms where rules and procedures are too complex,” he said, adding that governments need to simplify their permitting and ensure there are people to process the permit applications. Otherwise there’s no point having a higher renewables target,” he said.
Out of the €43 billion investments, the UK ranked first with €13 billion in investments, followed by the Netherlands with nearly €8 billion, France came next with €6.5 billion and then Germany with €4.3 billion, the report showed.
Germany and France also invested the most in onshore wind and France financed its second and third offshore wind farm.
As focusing on renewable energy more day by dy and as ranked 5th biggest wind power investor, Turkey is working on new regulations to imrpove the sector. The Regulation of the Energy Market Regulatory Authority (EMRA) on the Amendment of the Electricity Market Import and Export Regulation has been published in the current issue of the Official Gazette.
Accordingly, the system operator will announce the information regarding the capacities that will arise in the event of the commissioning of an interconnection line, the termination of the capacity usage in an interconnection line for a certain reason, and the capacity increase that will occur in an interconnection line for any reason, by obtaining the necessary permissions and approvals.
The legal entities holding the generation license will be able to carry out the electricity export activities in a way that does not exceed the total installed capacity of the generation facilities they own.
The regulation also included amendments on “procedures and principles for capacity allocation”, “who can participate in tenders for capacity allocations”.