US could add 2.6GW of solar power within two years and increase wind capacity to 10GW within five, according to the MD of Global Energy. However, significant obstacles are said to be preventing the renewable sector from taking off, namely project financing, new regulation of unlicensed solar projects, and local content requirements. Despite these obstacles, the country's renewable energy market is considered to be an attractive proposition to Turkey, German and Chinese solar companies, the latter two being recognised as more flexible and willing to take risks on unlicensed projects.
Turkey could add 2.6GW of solar power within two years and increase wind capacity to 10GW within five, according to the MD of Global Energy. However, significant obstacles are said to be preventing the renewable sector from taking off, namely project financing, new regulation of unlicensed solar projects, and local content requirements. Despite these obstacles, the country's renewable energy market is considered to be an attractive proposition to US, German and Chinese solar companies, the latter two being recognised as more flexible and willing to take risks on unlicensed projects.