Investments in energy turn to storage

According to the Renewable Energy Country Charm Index (RECAI) prepared by the international audit and consulting firm EY, energy storage is positively affecting the market of proactive approaches in the energy field of governments while becoming an area for companies in the sector.

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For developers, the report that it is difficult to see the opportunities and work models in the field of energy storage so far that it is difficult to see clearly, is now taking into account that this situation has changed. Accordingly, for companies who want to invest in the storage energy sector, it starts to stand out more as a space to show assets.

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EY Turkey Energy Industry Leader Ethem Boxers say that storage systems that are an important tool for energy supply security should be encouraged by investors who want to enter this area by determining the needs for the development of our country. Boxers also states that the support to be determined by investors is important in creating a sustainable market.

According to the Newable Energy Country Charm Index, it shows the course of dropping storage costs in the market where it has proven its itself in the market. Boxers draw the gold of energy storage should be seen as a space to produce long-term and predictable incomes.

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- Turkey, which explains the National Action Plan for renewable energy, ranked 17th in the index of this year. In the last year 18th place, Turkey’s ranking set up this rise for 2023, the 61GW renewable energy capacity goal was. The goal of providing the close part of Turkey’s 61 GW renewable energy capacity from hydro-electrical sources has provided a longer-term predictability. In the report, 3GW wind energy capacity in May was taken into account for the preliminary application of more than 42GW project.

- EY is the first three place in the Renewable Energy Country Charm Index in China, USA and Germany. In determining goals in renewable energy and evaluation of production capacities with competitive tenders, governments act more proactively, positively affect the ranking of countries in the Mediterranean region.

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- Energy storage is a cornerstone in the Mediterranean region for energy conversion. High unemployment and safe in proportions that can not be maintained with today’s state in the sector, the lack of energy inability to meet the cost, two problems areas in all regions. The report reveals that focus strategically on energy safety will provide stronger economic and social returns. EY report reveals that the energy plays a big role in securing the future of the Mediterranean. For this, decision-makers need to make the game space more equality in terms of competition, lowering the costs in the industry and being open to the innovation of investors.