Top FDI Stories from Turkey | July '19

Date: Jul 2019

Turkey held the second wind power plant tender as part of its Renewable Energy Resource Zones (YEKA) project. The total 1 GW tender was split into 250 MW each across four provinces in Turkey—Aydın, Muğla, Balıkesir, and Çanakkale.

Turkish Sabancı Holding’s and German Eon’s joint venture Enerjisa won the tenders for Aydın and Çanakkale, while another German giant, Enercon, won the bids to build wind farms in Muğla and Balıkesir. The winners will be able to sell electricity for 49 years, which includes 15 years of a purchase guarantee agreement. Enerjisa and Enercon are expected to invest USD 1 billion in total within the scope of the projects. They will build wind power plants in these four different provinces utilizing 65 percent local content.

These locally-produced wind turbines will generate a minimum 3.5 billion kWh of electricity each year, which is enough to supply the needs of 1.2 million homes.

Speaking after the tender, Energy and Natural Resources Minister Fatih Dönmez emphasized that the broad participation of the world’s leading companies is indicative of the confidence in Turkey’s economy and energy markets.

The first of the YEKA wind power auctions in Turkey took place on August 3, 2017 and was won by a Turkish-German consortium of Siemens Gamesa Renewable Energy-Türkerler Energy-Kalyon Construction.

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