Solar Energy Incentives Will Increase Investments

According to the new electricity tariff determined by the Energy Market Supervisory Board (EMRA) in January 2022 and published in the Official Gazette and entered into force, the unit price of electricity has increased by 50 percent in the first stage of use and by 125 percent in the second stage.

With the increasing bill costs, the importance of renewable energy in our country is becoming more and more prominent every day. In 2023, the share of renewable energy sources in electricity generation is expected to rise to 30% and Turkey's installed capacity in solar is expected to be 10,000 MW.

In his statement after the cabinet meeting, President Recep Tayyip Erdoğan said that they focused on electricity production from renewable energy sources within the framework of the green growth strategy, and for this purpose, they applied VAT exemption and customs duty exemption to wind and solar energy investments.

Stating that they have expanded the scope of the existing supports and ensured that the investments within the scope of unlicensed activities that produce electricity from solar energy can benefit from the fourth region supports, Erdoğan said, "Thus, we provide 30 percent tax reduction to solar and wind energy investors in addition to VAT exemption and customs duty, and insurance premium employer share support for 6 years."

The 14th Solarex Istanbul Fair is a single commercial platform where the latest technologies in the world and new products produced in Turkey are presented together

The potential of our country, which has one of the highest solar energy densities in the world among renewable energy sources, in the solar energy industry is surprising. On the way to turning this potential into performance, the 14th International Solarex Istanbul Fair is working with all its strength to support Turkey to take great steps towards becoming a production center in the field of solar energy.

T.c. Ministry of Commerce, T.R. The fair, which is supported by many official and media organizations, especially the Ministry of Energy and Natural Resources, will open its doors at the Istanbul Expo Center between 7 and 9 April 2022.

The exhibition, which will host more than 20,000 international visitors and where nearly 500 world brands will take part in 200 domestic and foreign participants, hosts symposiums and company conferences as well as different events that visitors will attend. In the fair, where seminars are organized especially in the field of production, investment and financing, the leading experts of the sector shed light on the sector.

Solarex Istanbul will host buyer delegations from Middle East and MENA countries

There is great interest in Solarex Istanbul especially from Middle Eastern countries. High-level delegations from a total of 20 countries, especially from North African countries, as well as countries such as Saudi Arabia, United Arab Emirates, Qatar, Iraq, Yemen, Egypt, Macedonia, Tunisia, Serbia and Morocco, will visit the fair. It is expected to reach a business volume of millions of dollars with the buyer delegations that will come during Solarex Istanbul.

MUSIAD will shed light on investors with conferences to be given at Solarex Istanbul

Within the framework of the cooperation between MÜSİAD and Solarex Istanbul; MÜSİAD, which invites our esteemed industrialists to Solarex Istanbul with more than 11,000 members, nearly 60,000 enterprises it represents, 88 contact points in the country and 169 networks in 74 different countries abroad, will shed light on investors with conferences to be held simultaneously with the fair.

**Visit Solarex Istanbul Fair for smart solutions to your increasing billing costs

**Emphasizing the importance of solar energy, which is a clean, renewable and continuous energy source, Solarex Istanbul Fair will bring the sector together with environmentally friendly solutions. The exhibition, which will open its doors to the sector on 7 – 9 April 2022 at the IFC-Istanbul Expo Center, aims to raise awareness of the entire solar energy industry.