5/18/2009

Turkey's renewable energy potential draws US funds

Hurriyet - Already active in the teeth and mouth care industry, US private equity Global Environment Fund (GEF) is now eyeing the country’s growing alternative energy sector. Having entered Turkey by acquiring Dentistanbul, a private hospital specializing in teeth and mouth care in 2007, GEF now aims to widen its investments in renewable and alternative means of energy. Managing a total of USD 1 billion worth of funds globally, GEF’s Associate Director Scott MacLeod said “We will go on investing in Dentistanbul and open five new teeth care clinics annually”. Macleod added that they were also observing investment opportunities in alternative energy and environmental areas and may announce an investment in the aforementioned in 2009.

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