10/22/2010

Turkish-Portuguese JV to invest in renewable energy

Hurriyet Daily News - Turkey’s ALKE Holding is beginning operations in a joint venture in wind turbine tower steel production in conjunction with the Portuguese group TEGOPI, operating under Quintas & Quintas Group, one of Europe's biggest aluminum cable producers.

According to a press statement from ALKE Construction Holding's energy subsidiary ALKEG, the company has started manufacturing tower steel as an extension of its wind turbine wing production facility in the industrial zone in the district of Cigli, in the Aegean province of Izmir. New investments in the alteration of the production facility total EUR 20 million, said the statement.

Employing 150 people, the ALKE-TEGOPI collaboration aims to produce 110 units of 100-meter-tall steel wind turbine towers annually at the facility, which occupies a total of 280,000 square meters in the Cigli Organized Industrial Zone. The venture is anticipated to be able to meet Turkey’s demand for goods and services in the wind energy market and is recognized as having the potential to make Turkey Europe’s second biggest wind energy producer after Spain.
turkey; energy sector; renewable energy; energy investment; wind energy; wind turbine; alke; tegopi; portuguese; izmir; cigli