İzmir provides profitable investment opportunities to its investors with its climate that receives 300 days of sun a year, high solar radiation and subsidiary industry that supports the sector.
Solar Radiation in İzmir
The total solar radiation in İzmir is shown on the map. The average solar radiation in the northern districts of İzmir is 1500 KWh/m2 per year while it reaches up to 1800 KWh/m2-per year in southern districts such as Kiraz, Ödemiş, Bayındır, Tire and Kemalpaşa.
High Solar Energy Potential
Average of 1550 kW/m2 insolation which reaches up to 1800 kW/m2 regionally
More than 300 days of sun and up to 12 hours of sunshine duration in summer months
İzmir is a city with approximately 4,000 MW of solar energy potential.
The Installed Solar Power Plant Capacity in İzmir is Increasing
There are 34 Solar Power Plants in İzmir with a total installed power of 10.9 MW The construction of 5 new Solar Power Plants of 20.8 MW still continue.
An Advanced Investment Environment
The opportunity to access a 6 billion Euro market in line with the 2023 objectives of Turkey.
99% of the potential is available for investment.
An average investment payback period of 6.3 years.
€ 220 million of solar power in İzmir and € 6 billion of market size in Turkey in line with the 2023 objectives,
A gateway to the Mediterranean for panel and cell producers.
More than 2,500 Companies Supporting the Sector
The solar power plants on a national basis are supported with a fixed price guarantee and additional local contribution within the scope of Renewable Energy Sources Support Mechanism (YEKDEM).
|Equipment||Support US Dollar Cent/kWh|
|Solar Energy Based Production Facility||13,3|
|Cells that constitute the PV module||3,5|
|Solar Focusing Device on the PV Module||0,5|
An International Distribution Center
İzmir is located at the heart of a consumer market with a population of 1.5 billion, where Europe, Central Asia and Middle East meet. İzmir is a natural investment center thanks to its strategic location. Companies can easily transfer their products to the countries at Europe, North Africa, Russia and Middle East over İzmir ports. For information about ports, highways and airline logistics please click here.
İzmir Offers Special Investment Zones
There are three types of private investment zones allocated for investments in Turkey: Technology Development Zones for the companies using advanced technology or aiming to develop new technologies; Free Zones for export oriented investments and Organized Industrial Zones which are designed for companies to utilize the existing infrastructure and social facilities.