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Siemens Gamesa signs 1-GW wind deal in Turkey

Gamesa employees provide O&M services. Source: Gamesa.

February 27 (Renewables Now) - Siemens Gamesa Renewable Energy SA (BME:SGRE) said today it has inked a deal that calls for it to supply, install and commission up to 1 GW of wind turbines in Turkey.

As unveiled in August 2017, a consortium including Siemens Gamesa and local companies Kalyon Enerji and Turkerler Holding won the tender for a 1-GW wind power project in Turkey with a bid of USD 0.0348 (EUR 0.0282) per kWh.

Apart from delivering and installing the turbines for several wind farms, Siemens Gamesa will also service the facilities for a period of 15 years, it said. The newly-signed agreement also contemplates the offtake of the generated electricity under a 15-year power purchase agreement (PPA). The consortium is expected to complete the installation of at least 700 MW by 2022.

In order to meet local supply requirements, Siemens Gamesa will build a nacelle factory and a research and development (R&D) centre in Turkey. The company says it has installed more than 700 MW in the country since entering the market in 2010.

(USD 1.0 = EUR 0.815)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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