Invest News DetailHurriyet - Turkey’s largely untapped solar potential will begin to be effectively utilized by the next year, according to the country’s Energy Market Regulatory Authority (EMRA). The governmental body will accept license applications to produce electricity from solar energy between June 10-14 2013. A number of foreign and domestic investors are already queued for rights to produce energy from solar sources, awaiting the completion of legislation by EMRA. “The potential investors in photovoltaic projects should ready their feasibility reports and license documents by June, 2013,” said EMRA President Hasan Koktas. The solar energy plants can rely on a maximum of 20,000 square meters of area per 1 MW of power, he said. Turkey’s advantageous geographical position exposes large portions of the country’s territory to sunlight during most of the year. Turkey’s Renewable Energy Law, in effect since the beginning of 2011, especially favors investors with projects that use solar panels and other related equipments that are locally produced. The country aims to have 100,000 MW of installed capacity in 2023, a third of which will be generated using renewable energy sources. Photovoltaic energy projects are expected to make up 9,000 MW of the total capacity.