The RES agreement covers a number of projects at different stages of development, although the British company estimates that most will enter into service between 2012 and 2014. The first generating licence is expected to be granted within the next few months. A potential total investment of nearly €750 million will be required to develop all the wind farms in the portfolio.
Turkey has a strong renewable energy potential and RES says it will be concentrating its efforts on wind and solar power. The company has opened a subsidiary, RES Anatolia, in Istanbul and the introduction of RES into the Turkish market has been supported by the Investment Support and Promotion Agency of Turkey (Invest in Turkey), RES says.
“We have been actively reviewing our expansion in the Mediterranean markets and have identified the Turkish market as one of the major growth areas for our business,” said Jean-Marc Armitano, CEO of RES Mediterranean. “Meeting the electricity growth in Turkey combined with the need to reduce carbon emissions will create a favourable environment to make use of its enormous wind and solar energy resources. This acquisition is a first major milestone in what we hope will be a long and successful enterprise in Turkey.”
According to Armitano, Turkey has a strong renewable energy potential and RES will be concentrating its efforts on wind and solar power. The introduction of RES into the Turkish market has been supported by the Investment Support and Promotion Agency of Turkey (Invest in Turkey).
Meanwhile, Suzlon Energy has informed that it has secured a 57 MW order from Turkey-based Ayen Enerji, one of the leading utility companies in Turkey. The order has been awarded to provide and set up 27 wind turbines on the Seferihisar and Mordogan wind farms in east Turkey. Speaking about the order, Mr. Sumant Sinha, COO of Suzlon Energy Limited said: “Turkey is one of the key emerging wind power markets in Europe and our relationship with Ayen Enerji puts us on a strong footing to take advantage of the considerable potential of this market.”
Turkey has an estimated wind energy potential of 53 TWh/year. Renewable energy has strong national support, with the government having set a target of achieving 12% of all power production from renewables by 2010, in other words, an installed capacity of approximately 12 GW.
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