Investment Alert: Upcoming Renewable Energy Tenders (RERA)

Turkiye

Ministry of Energy and Natural Resources (“Ministry”) announced two huge tenders of 1000MWs for both wind and solar.

With respect to Ministry’s announcement, wind tender will be the biggest offshore project in the world. The candidate areas for the wind energy tender are in the northwest of Turkey and the areas are (i) Saros, (ii) Gelibolu and (iii) Kıyıköy.

Furthermore, the candidate areas for the solar tender are (i) Hatay-Erzin, (ii) Niğde-Bor and (iii) Şanlıurfa. In addition, the details regarding the both tenders are expected to be announced by this summer.

On a separate but related note, Turkey held two renewable energy tenders, one is solar and the other is wind energy tenders of 1000 MWs in 2017.