Turkey’s Support for Renewable Energy Production is Growing Rapidly 21 February 2017
A great advantage was provided to the renewable energy machinery/equipment producers with a Council of Ministers decision. All turbine, generator, and wing production investments above 1 million TL (approx. €260.500) will benefit from 5th Region incentives in Turkey.
According to this decision, from VAT and customs exemption to corporation income tax reduction and insurance premium employer support; from investment land allotment to interest support; a variety of advantages will be provided.
Almost 21% of the total wind energy production takes place in Balıkesir province. Thanks to these incentives, Balıkesir, which already among the top in Turkey regarding renewable energy production, will become even more advantageous for machinery/equipment production investments.