NEW ENERGY MATCHES COAL ON COST, CAPACITY IN TURKEY

Turkey: Growing electricity demand can be met by renewables at the same cost as coal…

Zachary Davies Boren, November 14, 2014 (Greenpeace)

"Turkey could use clean energy instead of coal generation to achieve its twin aims of growing power supply and reducing natural-gas imports at roughly the same cost…[ Turkey’s Changing Power Market from Bloomberg New Energy Finance outlines] how nearly half of the country’s power demand could be met by renewable energy by 2030 in a scenario with costs comparable to the $400 billion coal-led strategy currently in place…According to the government’s plan, Turkey’s electricity demand will grow by more than 5% a year for the next 15, with coal capacity, as well as some wind and nuclear, expanding while gas power is put out to pasture…BNEF research, funded by the European Climate Foundation, commissioned by WWF-Turkey … states that the government’s projections for future power demand are inflated — and the increasing affordability of solar and wind energies represents a legitimate opportunity to introduce a modern, low carbon energy infrastructure…Bloomberg's Renewables Development Pathway (RDP) scenario would see gas generation fall by almost 20 points to 26% by 2030, coal drop to 18%, and renewables rise from 29% to an astonishing 47%...[W]ind and solar energy [make] the most gains (55% and 30% of new installations till 2030) [and] the lion’s share of clean energy would be provided by hydroelectricity — much of which is already installed…The government’s official energy strategy…is set to cost $400 billion; the BAU scenario will cost about the same; and the far preferable RDP just $6 billion more…” click here for more

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