Navigating New Developments in Turkey’s Growing Renewable Energy Market

In February of this year, Turkey’s Energy Minister Taner Yildiz, announced plans to increase the ratio of the country’s renewable energy resources to 30 percent of total energy production by 2023. Over the next ten years The Turkish government is seeking considerable investments to fund projects in wind, solar, hydropower, biomass and geothermal energy, believing a thriving renewable industry to be pivotal to future economic growth. Turkey has already enticed major international investors such as General Electric and Siemens AG; General Electric opened the 22.5-megawatt (MW) Sares wind farm and 10-MW Karadag site, and is scheduled to supply turbines to Fina Enerji Holding AS; Siemens is contracted to supply turbines to a 50-MW wind farm, and the firm expects to be involved in further projects in 2014.

via Renewable Energy News –

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