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SUN BASED PRODUCTION

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The Ministry of Economy granted investment incentive certificates to 35 energy generation projects and 28 of them were solar power-plants. The priority given to domestic and renewable energy resources is visible in incentive policies, as well. This trend became obvious in the distribution of the incentive documents given in February. According to the data of the Ministry of Economy, 35 electricity generation facilities were granted investment incentives in February. Once the incentivized electricity generation facilities are put into operation, Turkey’s installed capacity will increase 471 megawatt. Fixed investment cost of the said projects is approximately 708 million Turkish liras. The projects are estimated to create employment for about 500 people. When we look at the distribution of the facilities eligible for investment incentives based on resources, solar based electricity generation plants got the “lion’s share”. Twenty-eight out of a total of 35 eligible projects are solar power plants. In addition, 1 hydroelectric, 1 geothermal, 1 biomass, 1 coal and 3 wind power plants are included in the scope of investment incentives. Energy generation projects will benefit from investment incentives such as VAT exceptions and customs duty exemptions.