Published On: Sun, Nov 26th, 2017

Turkey plans to start US$ 5 billion wind energy investments by end 2017

Turkey plans to start US$ 5 billion wind energy investments by end 2017

Turkish Wind Energy Association (TUREB) has announced that the sum of the projects to include 710 megawatt capacity competitions held in June, the YEKA tender and the capacity-allocated projects with 2 thousand 130 megawatt competitions to be held in December will total up to about  4,000 megawatts.

The official for (TUREB) stated that the start had been given with the competition and YEKA projects within this year for a $ 5 billion wind investment and said, “These investments will be reflected as cheap electricity in the pockets of citizens”.

It is important to note at this point that the allocation of licenses to be held between December 25 and 29, covering a total of 2,130 megawatts in 32 regions is very much related to future prospects for a sufficient energy supply in Turkey.

The wind energy market is expected to experience a serious progress in the process until the projects are formed and the installation phase is completed, with the competitions to be concluded this December and concluded in December. The next pre-license tender for 2,130 megawatts (MW) will be offered over a five-day period starting Monday, Dec. 25. Concerned projects are expected to take around three to four years before completion and in the end they will make electricity available at more competitive prices for Turkish consumers

Experts in the sector comment that Turkey as a country with abundant wind power should be able to do much better and reach an installed capacity of 7GW by end 2017

Based on information provided by experts Turkey has a wind energy potential of 48 GW. However only 11 GW of the project stock is available, today.

Analytics Made Easy - StatCounter

Pin It