Turkey has become one of the fastest growing energy markets in the world in parallel to its economic growth registered in the last eight years and is rapidly gaining a competitive structure.
The Turkish Electricity Transmission Company estimates that Turkey's demand for electricity will increase at an annual rate of six percent between 2009 and 2023. The growing energy demand in Turkey is one of the significant factors along with market liberalization and the country's potential role as an energy terminal in its region.
These three factors play an important role in shaping the investment opportunities in Turkey.
The increase in demand has given rise to the long-term investments made by the private sector. At this point, the Turkish energy sector registered a rapid growth after the liberalization of the energy market. In line with the implementation of regulations and the high increase in demand, the electricity market enlarged its capacity to attract investments to the market.
The Turkish government encourages investors to implement energy projects in Turkey with new incentives on renewable energy. This ensures that the government's feed-in tariff will accelerate investment projects in the coming years.
