Turkey on it’s way to going green
Turkey granted license to Solentegre Energju Yatirimlari, a 49-year generation license, to build an 8MW solar plant in province of Elazig.
Project is awarded at a rate of TL 827,000 (present equivalent of US$280,000) per MW for the license.
Turkey is expected to install 5 GW of solar plants by 2023. It is worth noting that Turkey gets an average annual total sunshine duration of 2,640 hours (a total of 7.2 hours per day), which gives it the largest potential among European countries after Spain. Still Turkey is largely dependent on oil and natural gas imports to fuel its growing power generation needs, and needs to diversity its energy sources. The combination of these realities should see further solar licenses being issued.
Read Also: Small nations renewable giants
US in dilemma
Recently (In December of 2105) senate and house of democrats and republicans made a landmark deal, by releasing an omnibus spending bill gives a five-year extension of renewable energy tax credits for wind and solar on other hand lifting the 40-year U.S. oil export ban.
While the renewable energy industry cheered the new bill for the tax credit extensions it offers, climate change activists said trading Renewables for A Lift of the Oil Export Ban is unjustifiable.
Energy Storage Industry booms
A number of energy storage projects are announced and some have started operations in around the world. Battery cost reductions, government funding programs and utility tenders led to a 45 percent increase in the global energy storage pipeline in the fourth quarter of 2015 compared to the previous quarter. According to IHS, the global pipeline of planned battery and flywheel projects had reached 1.6 GW by the end of Q4 2015.
US is on front line along with some European countries. The U.S. Department of Energy (DOE) announced on January 19 that it is awarding $18 million in funding for six new energy storage plus solar projects across the country.
The six new integrated PV and energy storage projects will use smart inverters and work in conjunction with smart buildings, smart appliances, and utility communication and control systems. The projects are either led by a utility company or include a utility company as a key partner, and the teams will conduct at least a one-year field demonstration of their technologies. The funding awards went to the following organizations:
Austin Energy ($4.3 million); Carnegie Mellon University ($1 million); Commonwealth Edison Company ($4 million); Electric Power Research Institute ($3.1 million) Fraunhofer USA ($3.5 million) and Hawaiian Electric Company ($2.4 million).
Read more about these projects here.