Past Event

EU-Turkey energy and climate dialogues 2019

What is the cost of capital for wind energy investments in Turkey?

Date: January 17, 2019, 9:00 am Topic: Energy & Climate

video & audio recordings

summary

At this event we discussed the paper “Estimating the cost of capital for wind energy investments in Turkey”, written by Gustav Fredriksson, Simone Tagliapietra, and Georg Zachmann.

The paper proposes an estimation of the cost of capital for wind energy investments in Turkey. Seeing as wind energy, like all renewable energies, is highly capital intensive compared to investments into conventional energy, the cost of capital represents a crucial element in every wind energy investment decision. Simply put, the high cost of capital substantially increases the cost of investing in wind power plants, putting investments at risk. Given the primary role of wind in Turkey’s 2023 energy strategy, it is therefore important to have a better understanding of this factor.

The event was organised in collaboration with the Istanbul Policy Center and with the support of Stiftung Mercator.

presentation by gustav fredriksson

Presentation – Estimating the cost of capital for wind energy investments in Turkey

Schedule

Jan 17, 2019

09:00-09:30

Check-in and coffee

09:30-09:45

Opening remarks

Pelin Oğuz, Program Coordinator, Mercator-IPC Fellowship

James Rizzo, Head of Istanbul Office, Stiftung Mercator

09:45-10:15

Presentation

Gustav Fredriksson, PhD Candidate at ETH Zürich in Energy & Environmental Economics

10:15-11:45

Panel discussion

Chair: Umit Sahin, Climate Studies Coordinator, IPC

Can Hakyemez, Manager, Economic Research Department, TSKB

Canan Ozsoy, President and CEO, GE Turkey

Mehmet Erdem Yasar, Principal banker, European Bank for Reconstruction and Development (EBRD)

Massimo d`Eufemia, Head Representative, European Investment Bank in Turkey

11:45-12:30

Q&A

12:30-13:30

Lunch

13:30

End

Speakers

Massimo d`Eufemia

Head Representative, European Investment Bank in Turkey

Gustav Fredriksson

PhD Candidate at ETH Zürich in Energy & Environmental Economics

Can Hakyemez

Manager, Economic Research Department, TSKB

Pelin Oğuz

Program Coordinator, Mercator-IPC Fellowship

Canan Ozsoy

President and CEO, GE Turkey

James Rizzo

Head of Istanbul Office, Stiftung Mercator

Umit Sahin

Climate Studies Coordinator, IPC

Simone Tagliapietra

Research Fellow

Mehmet Erdem Yasar

Principal banker, European Bank for Reconstruction and Development (EBRD)

Location & Contact

Istanbul Policy Center, Bereketzade Mahallesi, Bankalar Cd. No:2, 34421 Beyoğlu/İstanbul, Turkey

Katja Knezevic

katja.knezevic@bruegel.org

Read article More on this topic

Blog Post

Hong Kong’s economy is still important to the Mainland, at least financially

Hong Kong’s current situation is important for the world in as far as its role as major offshore financial centre is key for China’s inbound and outbound investment and financing. Capital outflows from Hong Kong are especially risky given Hong Kong's so far useful but rigid monetary regime, namely a peg to the USD under a currency board

By: Alicia García-Herrero and Gary Ng Topic: Global Economics & Governance Date: August 19, 2019
Read about event

Upcoming Event

Sep
9
08:30

China-EU investment relations: Exploring competition and industrial policies

This is a closed-door workshop jointly organised by MERICS and Bruegel looking at China-EU investment relations.

Speakers: Alicia García-Herrero and Mikko Huotari Topic: Finance & Financial Regulation, Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article Download PDF More on this topic More by this author

External Publication

The impact of the global energy transition on MENA oil and gas producers

Endowed with half of the world's known oil and gas reserves, the Middle East and North Africa (MENA) region is cornerstone of the global energy architecture. This article argues that – together with the pressing need to create jobs opportunities for a large and youthful population – the possibility of the world moving more aggressively towards a low-carbon future should represent a key argument for the implementation of economic reform programmes.

By: Simone Tagliapietra Topic: Energy & Climate Date: August 5, 2019
Read article More on this topic

Blog Post

China’s investment in Africa: What the data really says, and the implications for Europe

China has clearly signalled to Europe that it does not shy away from involvement in Africa, historically Europe’s area of influence. But the nature of China’s direct investment flows to the continent will have to change if they are to prove sustainable.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: July 22, 2019
Read article More on this topic

Opinion

What bond markets tell about China’s economy

Macro data doesn’t provide a comprehensive picture to investors, but bond issuance data can fill in some gaps.

By: Alicia García-Herrero and Gary Ng Topic: Global Economics & Governance Date: July 10, 2019
Read article More on this topic More by this author

Podcast

Podcast

Deep Focus: Energy transition in the next EU institutional cycle

Bruegel fellow Simone Tagliapietra speaks to Sean Gibson in this instalment of 'The Sound of Economics', on the matter of the European energy transition and how the EU should proceed in the new institutional cycle.

By: The Sound of Economics Topic: Energy & Climate Date: July 10, 2019
Read article More on this topic More by this author

Opinion

Farewell, flat world

In the last 50 years, the most important economic development has been the diminishing income gap between the richer and poorer countries. Now, there is a growing realisation that transformations in the global economy have been re-established centrally from intangible investments, to digital networks, to finance and exchange rates.

By: Jean Pisani-Ferry Topic: Global Economics & Governance Date: July 2, 2019
Read article More on this topic More by this author

Opinion

Faut-il s’endetter pour le climat?

Jean Pisani-Ferry, soutient qu’il ne faut pas s’interdire de financer une partie du coût de la transition écologique par l’endettement.

By: Jean Pisani-Ferry Topic: Energy & Climate Date: July 2, 2019
Read about event More on this topic

Past Event

Past Event

China’s investment in Africa: consequences for Europe

How is Chinese investment impacting Africa, and what could be the consequences for Europe?

Speakers: Solange Chatelard, Maria Demertzis, Alicia García-Herrero, Abraham Liu and Estelle Youssouffa Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 24, 2019
Read about event More on this topic

Past Event

Past Event

Brussels Policy Dialogue: Insights for EU and Member States’ Climate Agenda

The event is a policy dialogue organised under the project, 'COP21: Results and Implications for Pathways and Policies for Low Emissions European Societies'.

Speakers: Petya Icheva, David Morales, Artur Runge-Metzger, Oliver Sartor, Marta Torres-Gunfaus, Vincent Van Steenberghe and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 7, 2019
Read about event More on this topic

Past Event

Past Event

How do national energy policies fit into EU decarbonisation plans?

Through considering several different national perspectives, we discuss how to reconcile the EU Climate Strategy targets with national energy and climate policies.

Speakers: Aleksandra Gawlikowska-Fyk, Christian von Hirschhausen, Carole Mathieu and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 15, 2019
Read article More on this topic More by this author

External Publication

Can emerging markets be a source of global troubles again?

According to popular perception, emerging-market economies have not experienced serious macroeconomic and financial turbulence since the beginning of this century. This perception was not entirely correct because it disregarded spill-over effects of the global financial crises of 2008–2009, the consequences of the decline of oil and other commodity prices in 2014–2016, economic and financial troubles caused by violent conflicts and regional political instability.

By: Marek Dabrowski Topic: Global Economics & Governance Date: May 9, 2019
Load more posts