The tender from Turkey’s Energy Market Regulatory Authority (EMRA) will reward the highest paying investors with solar power generation licences. It is expected to result in €1.2bn worth of investments.
Site surveys and feasilibility studies have been completed in designated areas and Turkey aims to build a solar power capacity of 600MW. Nearly 500 companies have applied for solar energy generation licenses of up to 7.8GW since last year, reaching a total project value of €15bn.
The selected 258 projects are vying for the 600MW solar generation tender expected to be awarded to winning bidders by the end of the year.
The country aims to have at least 3 gigawatts of installed power made up of solar energy by 2023.