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Wind investment in Turkey to hit USD 5bn by end-2017 - report

Edincik wind farm in western Turkey is one of 47 projects financed by the EBRD through its Mid-size Sustainable Energy Financing Facility (MidSEFF). Photo by EBRD. All rights reserved.

November 27 (Renewables Now) - Total wind power investment in Turkey this year is planned to reach about USD 5 billion (EUR 4.19bn), the head of the Turkish Wind Energy Association (TUREB) told the Anadolu Agency.

According to TUREB’s president Mustafa Serdar Ataseven, Turkey could close 2017 with an installed wind turbine capacity of 7 GW. Investment in the sector has been spurred by several auctions, among which is a 1-GW wind tender at renewable energy resources areas (YEKA). The country has already completed tenders for around 3 GW of wind projects and plans more by the end of the year.

Ataseven has told the news agency that a pre-license tender for 2.1 GW will be launched over a five-day period on December 25. It will require projects to be completed within three to four years.

Turkey aims to have 100 GW of power generation capacity by 2023, of which 20 GW is planned to come from wind. However, only 11 GW of project stock is currently available in the wind sector, Ataseven told the Anadolu Agency. The General Directorate of Renewable Energy estimates the country’s wind power potential at 48 GW.

In its latest wind power auction, held this summer, Turkey awarded a 1-GW project to a consortium that includes Siemens Gamesa Renewable Energy SA (BME:SGRE) and Turkey's Kalyon and Turkerler after it submitted the winning bid of USD 3.48 per kWh.

(USD 1.0 = EUR 0.838)

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Veselina Petrova is one of SeeNews Renewables most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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