2018 photovoltaic energy storage policy

Do financial incentives promote photovoltaic and battery energy storage (PV-BES)?

Photovoltaic and Battery Energy Storage (PV-BES) are analyzed. Techno-economic analysis of PV-BES is performed. Payback periods of PV-BES with and without financial incentives are determined. Effectiveness of the existing financial incentives to promote PV-BES is evaluated. Greenhouse gas mitigation is evaluated as an additional indicator.

How many MW of new PV power was installed in 2018?

About 750 MW of PV power capacity existed at the end of 2017 (excluding the approx. 400 MW in Crimea), with approximately 360-450 MW of new capacity installed in 2018.

Are solar photovoltaics a good investment?

As one of the key renewable energy technologies, solar photovoltaics have received much attention recently due to their environmental and economic benefits.

How many GW of solar energy will be available in 2018?

The government is planning to introduce more than 1 GW of solar energy in the coming years. Several announcements have been made, 3 MW of utility-scale PV was operational begin of 2018, and 800 MW more had been approved.

What are the market expectations for PV in 2018?

The market expectations for PV in 2018 are between 360 and 450 MW. Several countries have considered PV as one of the main renewable sources in producing electricity since 2016. The prospects on the short to medium term are positive.

Why did investors install PV power plants before the start of 2018?

The distribution costs of PV power plants have been increasing, with 0.7597 TRYkr/kWh in 2016, 2.5628 TRYkr/kWh in 2017, and an expected 11.31 TRYkr/kWh in 2018. This forced investors to install PV power plants before the start of 2018.