Almost 5 years after dropping the first auction due to lack of developer interest, the Turkish Ministry of Energy and Natural Resources (MENR) relaunched its offshore wind efforts with a comprehensive range of site surveys and framework analyses.

The 2018 auction launch showed the need for increasing transparency on site conditions, de-risking projects and reducing local content requirements. The surveys and analyses should provide the necessary information to do this. 

However, the final framework and auction design will depend on the political appetite as in any other offshore wind market. Political ambition was put into numbers last year when the target of 5 GW by 2035 was introduced.  

One thing is clear at this point, the auction will likely happen in the Marmara Sea, which is the focus of the recently launched surveys.    

Our Head of Research Maria Holm Bohsen has shared our take on the potential and challenges of Turkish offshore wind with Türkiye’s Milliyet Energy magazine. The interview can be read via following this link (the article is in Turkish).

Aegir Insights Market and Auction Intelligence

At Aegir Insights we have just updated our market intelligence on Türkiye (available to our subscribers), with a focus on recent developments and market fundamentals.

Reach out to us to learn more about the Turkish offshore wind market and Aegir Insights’ market intelligence offerings. Additionally, Aegir Insights releases an auction intelligence package to our subscribers, bringing an unprecedented overview of upcoming global auctions with a regularly updated auction database and timeline. Get in contact with us, if you want to learn more about our auction intelligence offerings and want to get access.