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The Risks of Financing Energy in Turkey: Heading for a Rocky Road

DOI: 10.4236/ojee.2014.31001    2,439 Downloads   4,026 Views   Citations
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ABSTRACT

After the implementation of Energy Efficiency Law (EEL) in Turkey, Turkish engineering firms show considerable interest in energy savings projects. There is a growing sign of an energy effi- ciency implementation in Turkey. However, energy importation costs of Turkey still present a challenge leading to huge financial burdens. This paper explores the energy financing in Turkey and the likelihood of risks after the establishment of structural reforms. The so-called structural problems on the agenda of Turkey are emphasized during the crisis. Actually, global crisis affected the lending conditions herein counterparty risk and restricted the relations of enterprises and banks. In this study, it is argued that there are strong barriers for the future energy saving industry in Turkey made up of macro-economic, micro-economic and financial risks coming through both domestic and global means.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Okay, E. (2014) The Risks of Financing Energy in Turkey: Heading for a Rocky Road. Open Journal of Energy Efficiency, 3, 1-13. doi: 10.4236/ojee.2014.31001.

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