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Turkey Turkey forecasts 6-8 percent annual growth in energy demand until 2020, expecting to add 50,000 MW to the grid.111 Deemed to be one of the “hottest” markets in Europe for geothermal, Turkey is the seventh most promising country in the world in geothermal energy potential.112 Currently, Turkey has approximately 100 MW of installed capacity for geothermal power generation.113 The proven geothermal capacity for electricity generation in Turkey is around 800 MW.114 The Turkey Geothermal Association estimates that there will 550 MW of installed geothermal capacity in Turkey by 2015, up from the current level of around 100 MW, while others say it will be closer to 600 MW.115 Attaining the goal of 550 MW of installed capacity by 2015 is estimated to require an investment of around US$ 1.6 billion. The country had 17 companies developing 484 MW of additional capacity from the estimated 2,000 MW of geothermal power potential. 116 Enel Green Power has recently focused on developing Turkey’s geothermal potential117, and obtained a package of 142 exploration permits in western Turkey.118 TAS, another company deeply involved in geothermal energy, has just opened a new office in Turkey where it will give “particular emphasis” to the geothermal power generation segment119. Building on plans to launch about 120 energy investment projects by 2020 with the focus on geothermal energy projects,120 Turkey’s Energy Ministry stated in 2011 that the country could save up to US$ 400 million annually and provide jobs to up to 300,000 people by fully taking advantage of its geothermal energy potential.121 Early 2011 the Turkish parliament adopted a new 10-year feed-in tariff policy, with tariffs for geothermal being lower than those for solar and biomass, but higher than the tariffs for wind energy and hydro power. In addition, the parliament added a bonus for components “made in Turkey”.122 Still, Turkey continues to enlist the goods and services of foreign companies in the development of their geothermal resources. Recently, the Commercial Service at the US Embassy in Turkey reported that it had received five to seven inquiries per month for potential US suppliers of renewable energy and energy efficiency equipment, services and technology.123 21PDF Image | Geothermal International Market Report
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