An Analysis of the Optimal Design of Feed-in Tariff Policy for Photovoltaic Investments in Turkey

Year 2020, Volume 28, Issue 46, 425 - 444, 31.10.2020

Duygu KURAL Shihomi ARA AKSOY

https://doi.org/10.17233/sosyoekonomi.2020.04.20

Abstract

Feed-in Tariff (FIT) is the long-term agreement between governments and firms investing in solar energy, where governments guarantee to purchase the energy produced by firms. This research aims to reveal the optimal FIT design for Photovoltaic (PV) investments in Turkey. Choice Experiment based questionnaire was conducted on solar energy firms to investigate the investment preferences and monetary worth of each FIT component for investors. We found that FIT design with longer contract duration creates positive value for PV investments, while low payment amount per kWh, tax policy for imported PV panels, and license fee decrease the attractiveness of PV investments.

Keywords

Turkey, Solar Energy, Photovoltaic Systems, Feed-in Tariff, Stated Preference, Choice Experiment

Türkiye’de Fotovoltaik Yatırımlar için Tarife Garantisi Politikasının Optimal Tasarımının Bir Analizi

Abstract

Tarife Garantisi (FIT), hükümetlerin firmalar tarafından üretilen enerjiyi almayı garanti ettiği, hükümetler ve güneş enerjisine yatırım yapan firmalar arasındaki uzun vadeli bir anlaşmadır. Bu araştırma, Türkiye’deki Fotovoltaik (PV) yatırımları için en uygun FIT tasarımını ortaya çıkarmayı amaçlamaktadır. Yatırımcılar için yatırım tercihlerini ve her bir FIT bileşeninin parasal değerini araştırmak üzere güneş enerjisi firmaları üzerinde Seçim Deneyi bazlı bir anket yapıldı. Daha uzun sözleşme süresi olan FIT tasarımının PV yatırımları için pozitif değer yarattığını, kWh başına düşük ödeme tutarı, ithal PV panelleri için vergi politikasının ve lisans ücretinin PV yatırımlarının çekiciliğini azalttığını bulduk.

Keywords

Güneş Enerjisi, Fotovoltaik Sistemler, Tarife Garantisi, Belirtilen Tercih, Seçim Deneyi, Türkiye

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