Search Climate Insights Directory

As of 2025, solar energy is the cheapest source of electricity generation in Türkiye, with a Levelised Cost of Electricity (LCOE) of $43 USD/MWh. This is 21% cheaper than the average cost of generating electricity from existing domestic coal plants ($55 USD/MWh) and 52% cheaper than a new domestic coal plant, which is estimated at $90 USD/MWh. Over the last decade, solar installation costs in Türkiye fell by 77%, contributing to a 69% reduction in LCOE. In contrast, the average cost for domestic coal generation varies significantly based on plant efficiency and coal calorific value, ranging from $32 USD/MWh to $86 USD/MWh. Furthermore, purchase prices for wind and solar projects under recent YEKA tenders are less than half of the $75 USD/MWh provided to domestic coal power plants until 2030.

Solar energy has become the cheapest electricity generation method in Turkey, with the Levelized Cost of Electricity (LCOE) for new solar plants falling to 43 USD/MWh. This is 21% lower than the average cost of existing domestic coal plants (55 USD/MWh) and significantly cheaper than the projected 90 USD/MWh for new domestic coal plants. While the Turkish National Energy Plan targets 1.7 GW of new domestic coal by 2030, the document highlights that solar installation costs have dropped by 77% over the last decade, making new solar plants 52% cheaper than new domestic coal plants.

The report finds that a significant portion of the U.S. coal fleet is now more expensive to operate than replacing it with new local wind and solar power. In 2018, 74% of the fleet was 'at risk' of being undercut by renewables, a figure projected to rise to 86% by 2025. The analysis emphasizes that these findings are conservative because they only consider resources within 35 miles of existing plants and do not account for broader transmission expansion or combined energy portfolios.