气候变化领域集成服务门户(CCPortal): An analysis of Turkey's solar PV auction scheme: What can Turkey learn from Brazil and South Africa?

CCPortal

DOI	10.1016/j.enpol.2020.111933
	An analysis of Turkey's solar PV auction scheme: What can Turkey learn from Brazil and South Africa?
	Sirin S.M.; Sevindik I.
发表日期	2021
ISSN	03014215
卷号	148
英文摘要	As global investments continue in renewable energy technologies, investment costs have declined significantly. Meanwhile, many governments have shifted from pre-set renewable support schemes to auction schemes in order to introduce competition in price setting. Turkey has initiated Renewable Energy Resource Zone (RERZ) auctions to promote solar photovoltaic (PV) and wind technologies. We examine the first of these auctions, Solar PV RERZ, which has ambitious targets in terms of increasing solar PV capacity and enhancing domestic competence in solar technologies. Despite the auction being hailed as a success in terms of low prices, we utilize the Levelized Cost of Electricity generation (LCOE) analysis to demonstrate that the project is vulnerable to macroeconomic shocks and financial risks. Model results show that the capacity factor is the most prominent factor in costs, and 10% change in the capacity factor affects the LCOE about the same rate. Investment cost and interest rate are the other major factors affecting the LCOE. Based on these results, we make recommendations by discussing how Turkey can improve its auction design by incorporating some of the elements used by Brazil and South Africa. © 2020 Elsevier Ltd
关键词	Auction Innovation LCOE Solar PV Turkey
英文关键词	Commerce; Cost benefit analysis; Investments; Renewable energy resources; Risk assessment; Capacity factors; Global investments; Investment costs; Levelized cost of electricities; Macroeconomic shocks; Renewable energy technologies; Solar photovoltaics; Solar technology; Costs; electricity generation; energy market; innovation; interest rate; investment; macroeconomics; photovoltaic system; price dynamics; solar power; Brazil; South Africa; Turkey
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205346
作者单位	Ivey Business School, 1255 Western Road, London, ON, Canada; Middle East Technical University, Universiteler Mah., Dumlupinar Bulvari, Cankaya, Ankara 06800, Turkey; University of Nevada, Reno, 1664 N. Virginia Street, Reno, NV 89557, United States; Baskent University, Eskisehir Yolu 18.km, Etimesgut, Ankara 06790, Turkey
推荐引用方式 GB/T 7714	Sirin S.M.,Sevindik I.. An analysis of Turkey's solar PV auction scheme: What can Turkey learn from Brazil and South Africa?[J],2021,148.
APA	Sirin S.M.,&Sevindik I..(2021).An analysis of Turkey's solar PV auction scheme: What can Turkey learn from Brazil and South Africa?.Energy Policy,148.
MLA	Sirin S.M.,et al."An analysis of Turkey's solar PV auction scheme: What can Turkey learn from Brazil and South Africa?".Energy Policy 148(2021).