Turkey

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IEEFA Update: Turkey Wakes up to Solar Opportunity

IEEFA Update: Turkey Wakes up to Solar Opportunity

Proposed New Project Would Be One of the World’s Largest; Turkey has High Solar Potential

Turkey is right to seek to diversify from imported natural gas, seeking indigenous energy alternatives, but so far has missed an important part of the answer in solar power. That may about to change, with the award of a power purchase agreement for a plant of up to 1,000 megawatts (MW) – which would be one of the world’s biggest – on condition […]

July 6, 2017 Read More →

IEEFA Update: Developing Countries Are Disproportionately Driving Global Growth in Renewables

Half of All $300 Billion in Activity Is in Emerging Markets

More than half of all renewable investment activity in the world last year occurred in developing countries. And 2015 was no small year for renewables, as new investment set a record US$286 billion and total transactions (including refinancings) exceeded $US380 billion. We’re published a memo this morning — “IEEFA Update: Emerging Markets Lead Global Investment […]

November 23, 2016 Read More →
IEEFA Europe: ‘Capacity Payments’ Provide a Lifeline to Costly Coal-Fired Generators

IEEFA Europe: ‘Capacity Payments’ Provide a Lifeline to Costly Coal-Fired Generators

U.K. Case in Point: Subsidies Prop Up Increasingly Unviable Generators

Call them what you will but “capacity payments” in the European utility industry today are looking more and more like subsidies to prop up a fading industry threatened by the rise of renewables. It’s an expensive arrangement that often rewards decrepit coal- and other fossil-fuel-fired power plants for waiting in the wings—not for generating electricity. […]

June 15, 2016 Read More →