January 16 (Renewables Now) - Turkey has cancelled a tender for three solar projects with a combined capacity of 1 GW, according to a short notice by the government on Sunday.
The tender was announced in October with a deadline for bids of January 31, 2019. It would have awarded 500 MW of capacity in Sanlıurfa's Viransehir, 300 MW in Nigde's Bor, and 200 MW in Hatay's Erzin under the Renewable Energy Resource Areas (YEKA) model.
The country’s Solar Energy Investors Association (GÜYAD) said earlier this week that developing large-scale solar projects and securing financing was quite challenging at the moment in Turkey. Interest rates have gone up and the local currency has lost a lot of its value in the past year, which increases project financing costs. In that context, the cancellation of the tender did not come as a surprise.
The Hurriyet Daily News cited GUYAD head Cem Ozkok as saying that splitting projects into capacities of 10 MW to 20 MW would work better in the current environment.