Government Incentives for Geothermal Power Plant (JES) Investments
Geothermal energy is a strategic area that stands out among Turkey's sustainable, environmentally friendly and domestic energy resources. The VAT exemption and customs duty exemption provided by the state for investments to be made in this area offer an important opportunity to reduce investment costs.
Incentives Offered for JES Investments
📌 Value Added Tax (VAT) Exemption
You do not pay VAT for machinery and equipment procured domestically or from abroad within the scope of the investment.
📌 Customs Duty Exemption
You are exempt from customs duty on investment goods imported from abroad.
These two important supports significantly reduce the initial costs of your JES investment.
55% Localization Rate in Türkiye
55% of the equipment used in geothermal power plants can now be produced domestically. In particular, the domestic production of critical components such as generators, turbines, steam injectors and power electronics is of great importance in terms of energy independence.
Turkey is Fourth in the World in Geothermal
Turkey ranks first in Europe and fourth in the world in terms of installed geothermal energy capacity. As of 2024, 3.2% of electricity production was provided by geothermal resources. This success supports our country's renewable energy vision.
Not Just Electricity: Geothermal in Heating, Agriculture and Industry
The congress emphasized that geothermal energy should not be limited to electricity production. Multifaceted strategies are being developed from agricultural greenhouses to city heating, from industrial use to tourism.
Emphasis on R&D and Sectoral Collaborations
Participants drew attention to the need to increase R&D activities, support technology transfer and domestic-national production initiatives. Further strengthening public-private sector collaborations will support the sustainable growth of the sector.
As Plus Global Consulting, we inform companies that are considering investing in the geothermal energy sector about current incentives and offer consultancy services to help them implement their projects in the most advantageous way.
📞 Contact us for detailed information and consultancy.
