Türkiye's 2.4 GW bet: infrastructure certainty over subsidy

YEKA 2026 asks investors to underwrite years of Turkish merchant and currency risk in exchange for something increasingly scarce: pre-allocated land and grid access. If that trade clears, Türkiye's case shifts from renewable-market to renewable-investment-destination — one with headroom across generation, storage and manufacturing that most of Western Europe no longer has. Whether the risk transfer is priced correctly is the open question this auction is built to answer.