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Turkey’s Support for Renewable Energy Production is Growing Rapidly

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.

Thanks to these incentives, Canakkale, which already among the top in Turkey regarding renewable energy production, will become even more advantageous for machinery/equipment production investments.

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