Economic analysis of the impact of Turkey's renewable support mechanism on solar energy investment

IF 3.8 3区经济学 Q3 ENERGY & FUELS

Utilities Policy Pub Date : 2024-11-26 DOI:10.1016/j.jup.2024.101862

Murat Erdem , Mert Gürtürk

引用次数: 0

Abstract

This analysis considers the effects of past and present renewable support mechanisms on solar energy investment in Turkey based on economic conditions. Changes in the costs of solar energy plants due to inflation over time, the effects of the formula coefficients presented, and the advantages/disadvantages compared to the previous program are presented. Due to current high interest rates and inflationary pressures, annual earnings from solar energy investments have been calculated to range from US$ 70,946 to US$ 138,893. The investment payback period varies between 6.2 and 12 years, while the total support amount is 122.59 cents (US$/kWh). We find that the economic policies have negatively affected the predictability and sustainability of solar energy investments. The results are relevant to policymakers and investors. Optimum energy policies are needed for sustainable energy development in Turkey and developing countries like Turkey.

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土耳其可再生能源支持机制对太阳能投资影响的经济分析

该分析考虑了过去和现在的可再生能源支持机制对土耳其太阳能投资的影响，基于经济条件。随着时间的推移，由于通货膨胀导致的太阳能发电厂成本的变化，所呈现的公式系数的影响，以及与之前的方案相比的优点/缺点。由于目前的高利率和通货膨胀压力，太阳能投资的年收益估计在70 946美元至138 893美元之间。投资回收期为6.2 ~ 12年，总支持金额为122.59美分（US$/kWh）。我们发现，经济政策对太阳能投资的可预测性和可持续性产生了负面影响。研究结果与政策制定者和投资者息息相关。土耳其和像土耳其这样的发展中国家的可持续能源发展需要最佳的能源政策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Utilities Policy ENERGY & FUELS-ENVIRONMENTAL SCIENCES

CiteScore

6.80

自引率

10.00%

发文量

审稿时长

66 days

期刊介绍： Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services. Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.