With the intention of finalizing the investments on renewable energy resources in due time with the contribution of state incentives regarding locally produced equipment, the Draft Regulation on Renewable Energy Resource Areas prepared with the purpose of annulling the Regulation on Determination, Evaluation, Protection and Utilization of Renewable Energy Resource Areas in relation to Electricity Generation published in Official Gazette dated 27 November 2013 and numbered 28834 was published.
The purpose of Draft Regulation on Renewable Energy Resource Areas (“Draft”) is to provide the productive utilization of resources, completion of investments efficiently and domestically, and procurement of equipment to be used in electricity generation facilities, by establishing large-scaled energy resource areas on the lands allocated that are public, treasury and private properties. This newsletter article examines the provisions of the Draft Regulation in question.
It is estimated Ireland imported in excess of €6 billion worth of energy products through the UK in 2014. In the wake of the leave vote, what is the upshot for the Irish energy market?
Contact: ATT. TUNA COLGAR, ATT. ECE YILMAZ; Erdem & Erdem (Turkey)
The Electricity Market Regulatory Authority (“EMRA”) amended the Regulation on the Unlicensed Electricity Generation in the Electricity Market (“Regulation”). Within this context, EMRA prepared three different exposure drafts amending such Regulation on 15.05.2015, 26.10.2015 and 26.11.2015. Finally, EMRA has finalized its evaluation, and has made the necessary adjustments via the Regulation Amending the Regulation on the Unlicensed Electricity Generation in the Electricity Market (“Amending Regulation”). The Amending Regulation entered into force through publication in the Official Gazette dated 23.03.2016 and numbered 29662. The drafts regarding the novelties to be introduced to the Regulation that were publicly disclosed were evaluated in one of our previous Newsletter articles. This article clarifies the significant amendments to the Regulation, set forth by the Amending Regulation.
Contact: Ece Yilmaz; Erdem & Erdem (Turkey)
Various investment incentives are adopted in order to encourage investments in the field of renewable energy resources, and to prevent potential investors’ hesitation to enter the electricity generation market due to high investment costs. Renewable Energy Resources Support Mechanism (“YEKDEM” or “YEK Support Mechanism”) has been established in an attempt to promote investments regarding renewable energy resources in Turkey. Within this context, the Regulation on Certification and Support of Renewable Energy Resources (“YEKDEM Regulation”) that was issued in accordance with the Law on the Use of Renewable Energy Resources for Electric Energy Generation numbered 5346 (“YEK Law”), entered into force through publication in the Official Gazette dated 01.10.2013, and numbered 28872. This newsletter article examines the provisions of the Regulation in question.
Contact: Gaye Spolitis; Erdem & Erdem (Turkey)
The Turkish Electricity Market Regulatory Authority (“EMRA”) prepared a draft Exposure Draft(“Draft”) to amend the Regulation on the Unlicensed Electricity Generation (“Regulation”) that was submitted for the public in November, 2015, for commentary and review from market players, investors, legal and business advisors. The Draft is an indication of the will from the regulator and a projection of a possible legislation; therefore, this short article highlights the main issues of consideration prior to the publication and entry into force of the Draft.