Turkey's renewable resources are vast and ripe for development, and demand is high for local, sustainable energy production. Considering Turkey's increasing need for energy as one of the fastest growing economies in the world, and the rapidly rising costs of imported energy, it's easy to understand the country's enthusiasm for a more developed renewable industry - especially when adding in Turkey's ample hours of sunlight and well-educated workforce. Indeed, analysts are predicting significant growth for solar power development in Turkey, which means it could become a potentially attractive market for interested United States' photovoltaics (PV) companies. The outlook for the Turkish energy market appears to be strong. Manufacturers are investing in local production capabilities, so that their equipment qualifies for the bonus, feed-in-tariff (FIT) payments. And, because the Turkish government has structured PV incentives directed toward utility-scale systems, global players are also entering the market, further accelerating the growth of the solar industry. As the Turkish government encourages foreign investment and strategic partnerships in solar power, North American players should be aware of several facts and potential challenges of this overseas market...
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