NEWSROOM

While a tough year in the energy sector has just passed, many countries are focusing on solar energy both to save costs and to build a sustainable life. While targeting our country to have the highest installed capacity in solar energy according to the Turkish National Energy Plan, Vespa Solar Energy evaluated the changes in the SPP regulation for investors.

** This release is originally published in Turkish.

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TURKEY - The rise in inflation as a result of economic fluctuations and the increase in electricity and energy costs worldwide along with the Russia-Ukraine war trigger solar power plant (SPP) investments. While a tough year in the energy sector has just passed, many countries are focusing on solar energy both to save costs and to build a sustainable life. According to the Turkish National Energy Plan, recently published by the Ministry of Energy and Natural Resources in Turkey, it is aimed to increase the solar energy capacity, which was 9.4 gigawatts at the end of 2022, to 52.9 gigawatts by 2035, by increasing it by approximately 450%. 

While it is planned to make solar energy the source with the highest installed capacity, the articles in the "Regulation on Amending the Regulation on Unlicensed Electricity Production in the Electricity Market", which came into force in the past months, occupy an important place on the agenda of solar energy investors. Vespa Solar Energy, which operates in the field of solar energy production and power plants, evaluates this issue in a holistic framework for investors.

“The extension of the changes in the regulation to 2019 poses a threat to investors”

Osman Tokluman, Vespa Solar Energy's Founding Partner and General Manager, said that SPP investors' planning their investments by taking into account the changes in the legislation is a precaution against the risks they may encounter in the future, and said: "SPP investments have been in parallel with the increase in electricity prices in the recent period. However, there are some innovations that SPP investors should consider when investing. It is an important step to clarify and discuss some of the changing issues in the Regulation on Amending the Unlicensed Electricity Generation Regulation in the Electricity Market. Because the fact that the decisions regarding the free distribution of the excess energy produced from SPPs extend until 2019, brings some threats as well as advantages for investments. Although the rationale and orientation behind the amendments are correct, investors who examine these articles expect a common sense arrangement in the time and manner of coverage.”

"Some investors fall outside of the 'produce 2, consume 1, sell 1' rule"

Osman Tokluman said that the first item that the investor should apply when deciding on which plan to act in the SPP installations is the 1st paragraph of the 5th article of the regulation, titled 'Exemption from establishing a company by obtaining a license'. progressing. However, for example, an investor who has invested in clause 'ç' falls outside the rule of 'produce 2, consume 1, sell 1', which has just started to be implemented. Moreover, in accordance with the legislation, excess consumption energy is given to YEKDEM free of charge. At this point, all investors, while making investment decisions as a precaution against such situations, should not only think about the current investment situation, but also plan for their future needs. We also offer professional and end-to-end solutions in the investments of people and institutions, contributing to the use of energy resources in all areas of life, with the activities we carry out to establish solar energy production and power plants.”

“We enable investors to invest with zero risk”

Underlining that they position their products as full solution services shaped according to the needs, especially photovoltaic panels and GES installation service, Vespa Solar Energy Founding Partner and General Manager Osman Tokluman said, “The biggest advantage of electricity generation with solar energy is that this type of energy will never end. . As Vespa Solar Energy, we are one of Turkey's most assertive solar panel manufacturers with its state-of-the-art production facility in energy systems. We provide special financial solutions to institutions and organizations investing in the field of solar energy, enabling them to make SPP investments with zero risk. We aim to be a leading brand in the global market and represent our country in 5 years.”