3/2/2009

Turkish, German companies to invest in wind energy in Turkey

Today’s Zaman - Ataseven Energy Production, a Turkish energy company operating in the wind power sector, and Epuron, a German company operating in the fields of wind, solar power and bio-energy, have announced their plans to make a joint investment in wind power in Turkey. Speaking at a press conference on Saturday, Mustafa Serdar, Chairman of Ataseven Energy, said they applied to the Energy Market Regulatory Authority (EMRA) for licenses to establish ten wind power plants with a total capacity of 2,986 megawatts. Serdar said they expect to profit from Turkey's huge potential in wind power. He explained that they plan to establish the new plants in Bursa, Izmir, Balikesir and Manisa. Joachim Muller, Epuron's Executive Board Member for Finance, said there is a good investment environment in Turkey and that the government should ease the bureaucratic procedures for renewable energy investment. He underlined that the introduction of incentives will boost energy investments in Turkey. Turker Baloglu, Epuron Turkey Director, said the company expects to invest around EUR 700 million in Turkey. The wind energy sector is in its infancy in Turkey, where only 17 percent of the 198 billion kilowatt hours of electrical energy generated in 2008 came from renewable energy sources. Most of the sites that are feasible for the operation of wind energy power plants in Turkey belong to the Treasury. This acts as an advantage for building wind energy plants as the state promotes the usage of this land for wind energy without any fees and guarantees the purchase of the energy produced by these plants for seven years. The government has plans to extend this period to ten years.