Executive Viability Abstract
This feasibility study evaluates the integration of hybrid solar-wind energy systems in Turkey's Aegean and Marmara regions. By combining 50MW Wind and 30MW Solar capacities, the project aims to stabilize power output, minimize land-use footprint, and capitalize on Turkey's aggressive 2035 renewable energy targets. The analysis confirms high technical viability and strong alignment with national energy security goals.
Return on Investment
17.8%
Payback Span
6.2 years
Net Present Value
$38.4 Million
IRR Index
15.5%
## Market Analysis
Turkey is currently among the fastest-growing energy markets in the OECD. With a goal to reach 190 GW of installed capacity by 2035, the government has introduced the YEKDEM (Renewable Energy Resources Support Mechanism) which provides attractive Feed-in-Tariffs (FiT). The hybrid model addresses the intermittency issues of standalone systems, providing a more reliable baseload for the Turkish National Grid.
## Capex Summary
The total estimated Capital Expenditure (CAPEX) is $115 Million. This includes $65M for wind turbine procurement and installation, $30M for high-efficiency bifacial solar arrays, $10M for grid synchronization and substations, and $10M for land acquisition and environmental permits.
## Revenue Model
Revenue is generated via a dual-track approach: 1) Sales to the national grid under the YEKDEM mechanism at a fixed USD-denominated rate for the first 10 years. 2) Direct Power Purchase Agreements (PPAs) with industrial clusters in the Izmir and Kocaeli regions. Expected annual generation is 240 GWh.
## ROI Summary
The project demonstrates a robust Return on Investment of 17.8% over a 20-year lifecycle. The high solar irradiance in the Mediterranean combined with steady wind speeds in the Dardanelles ensures a high capacity factor, significantly reducing the levelized cost of energy (LCOE).