EMRA has extended the application period for the Renewable Energy Resources Support Mechanism – Energy and Natural Resources

Turkey: EMRA has extended the application period for the Renewable Energy Resources Support Mechanism

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By its decision published in the Official Journal of August 19, 2021 and numbered 31573, the Energy Market Regulatory Authority (EMRA) extended the application period for approved power generation plants that will benefit from the support mechanism renewable energy resources (YEKDEM) for next year. from October 31, 2021 to November 30, 2021.

YEKDEM is an incentive program for the production of renewable energy under the law on the use of renewable energy resources for the production of electricity. Renewable energy plants such as wind, hydropower, geothermal, solar and biomass can benefit from feed-in tariffs. In order to receive YEKDEM support from the government, holders of a power generation license must have obtained a Renewable Energy Resources (RES) certificate from EMRA. YEKDEM sets the minimum application price and the purchase guarantee for the electricity produced on the basis of a fixed price for ten years.

Prior to the amendment, investors who wished to benefit from YEKDEM support could apply until October 31, 2021. Due to this change, applications will continue until November 30, 2021 and the list of power generation plants that will benefit of YEKDEM will be announced on December 31. 2021.

In addition, Article 6 of the Regulation on Certification and Support of Renewable Energy Sources has been amended. The article regulates objections to YEKDEM registration requests and the finalization of objections. Following the evaluation of the complete and duly submitted applications, the preliminary RES list was to be announced on the EMRA website within the first ten days of November. With the amendment, the list will now be announced in the first ten days of December. The requests announced in the preliminary SER lists can be contested in writing by the relevant electricity production authorization holders in order to rectify the information that is the subject of the advertisement and by third parties for violation of human rights in within five days.

Prior to July 1, 2021, generating plants that turned to YEKDEM received support in dollars. Plants applying after July 1, 2021 will be supported by the Turkish Lira under a new tariff. Thus, a purchase guarantee is provided for 40 cents per kilowatt hour of production for hydroelectric power stations, 32 cents for wind and solar power stations and 54 cents per kilowatt hour for geothermal power stations.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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