Abstract:

As the world’s population increases, the demand for energy is increasing every day. The renewable energy sector has become an important place in the meeting of energy demand, especially in terms of low carbon emissions and sustainability. Turkey’s energy dependency has a negative impact on economic growth and development. Turkey, which has rich potential in terms of natural resources, will take incentives and regulatory decisions regarding renewable energy investments to reduce external dependence on energy. The aim of this study is to show how incentives affect investments in increasing the use of renewable energy. The study’s implementation part revealed how incentives applied in a wind investment by using net current value (NBD) and return time (GÖS) approaches, which are project assessment methods, affect the economic value of the investment. According to the findings of the study, the more incentives increase, the more attractive the investment, the less incentives decrease the profitability of the investment and the longer reimbursement time. In this regard, it is necessary to increase the government’s incentives to increase renewable energy investments within the country and to take advantage of these incentives in its companies.