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Hasan Kalyoncu Unv Gaziantep, Turkey

Author: Mohamad Rihawi

2 posts

The high potential of Turkey’s renewable energy sector has drawn the interest of foreign investors, many of whom have already stressed their intentions of bidding on the upcoming 1,000 MW wind power tender

Operating in Turkey’s energy sector for almost 20 years, German energy company ENERCON GmbH is interested in the country’s latest Renewable Energy Resources Zone (YEKA) wind power plant project. The company is waiting for the announcement of the tender criteria and intends on bidding for the tender. ENERCON General Manager Hand-Dieter Kettwig stressed that the company makes significant contributions to the Turkish economy with the operation of wind farms, manufacturing turbine components and equipment, and with research and development activities. He also noted that ENERCON’s investments in Turkey’s wind power ensured mutual trust.

Referring to the recent developments in the Turkish economy, Kettwig highlighted that Turkey will take right and necessary steps and overcome this period. The stable and positive developments in industrialization and renewable energy policies will be one of the most determining factors.

“Increasing renewable energy investments will boost Turkey’s industrialization and ensure energy supply security; therefore, we are interested in the new wind power plant which will be built in the YEKA program.

European Wind Energy Association (EWEA) Chairman Giles Dickson underscored that Turkey has a bright future for wind power resources and an attractive investment environment.

Dickson stated that Turkey has introduced legislative amendments to increase renewable energy investments and boost the capacity of renewables while creating an attractive investment environment. “The recent volatility in the Turkish lira may seem like a hurdle for the Turkish economy, but Turkey has the potential to change its circumstances with the strong steps it will take. Turkey seems to be really committed to increasing its renewable capacity.”

ENERCON Turkey CEO Arif Günyar stressed that it is possible to increase the capacity of many wind power plants across Turkey, adding that raising the capacity of existing plants will expedite and revive investments.

Günyar also noted that research and development activities are ongoing at manufacturing facilities in Germany and Turkey. The latest ENERCON EP3 turbine, which was manufactured by Turkish and Germany engineers, will be put into mass production in the company’s Turkish plant.

Turkey plans to hold four 250-megawatt (MW) YEKA wind energy tenders for plants in Balıkesir, Çanakkale, Aydın and Muğla with an investment volume of around $1 billion.

The total 1,000 MW offered, which will be held in reverse auctions and is scheduled for realization by the end of this year, will be Turkey’s second YEKA project.

The tender stipulates that the winner in one of the four regions will have to construct at least 170 MW while not exceeding a maximum of 325 MW.

The draft specifies that the turbines used in the construction of the power plant need to have at least 46 percent local production. In addition, each turbine should have at least 3 MW of capacity.

The tender winner will sign a 15-year purchase agreement with the ministry under a power plant license that will run for 49 years. The tender for the first YEKA project of 1,000 MW was held last year in August, creating an investment volume of $1 billion. Eight consortia, including some of the world’s largest turbine manufacturers, participated in the tender.

The tender resulted in a world record feed-in-tariff at $3.48 per kilowatt-hour (kWh) offered by Siemens-Türkerler-Kalyon consortium. The total capacity will be installed in Sivas, Edirne, Kırklareli and Eskişehir.

The consortium will invest over $1 billion in wind facilities. With the introduction of domestic wind power plants, a minimum of 3 billion kWh of electricity will be generated each year, enough to meet the electricity demand of approximately 1.1 million households.

Further details in the news source

https://www.dailysabah.com/energy/2018/10/23/foreign-investors-interested-in-high-potential-of-turkeys-wind-power

The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to USD 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW, the EBRD has said in a news release.

Akfen Renewable Energy, or Akfen Yenilenebilir Enerji as it is known in Turkey, owns and operates wind, solar, and hydropower plants. The EBRD and the International Finance Corporation (IFC), a member of the World Bank Group, are minority shareholders in the company with a 15.98% stake each.

The company is investing in four new wind farms with a total capacity of 242 MW: Ucpinar (99 MW), Kocalar (26 MW), and Hasanoba (51 MW) in Canakkale, a province in north-western Turkey on the Dardanelles Strait, and Denizli (66 MW) in the eponymous province in the south-west of the country.

The wind farms, once operational, are expected to save around 340,000 tonnes of greenhouse gas emissions per year.

For nine new solar photovoltaic plants in five locations across Turkey, the EBRD is lending up to USD 52 million. The combined capacity of the new solar PV plants will be 85 MW.

“With the projects that we will realise, we are taking firm steps towards our aim to reach a total installed capacity of 1,000 MW in clean energy generation by 2020. We will continue to make new investments and potential acquisitions, especially in the wind power sector, in the forthcoming period,” said Kayril Karabeyoglu, CEO of Akfen Renewable Energy.

Akfen seeks to become one of largest renewable energy producers in Turkey

Arvid Tuerkner, EBRD Managing Director in Turkey, said: “Renewable energy remains an attractive investment in Turkey.  Our new financing supports Akfen Holding’s ambition to become one of the largest producers of renewable energy in the country. It is yet another boost to the sector as Turkey is switching to domestically sourced power generation.”

Supporting this project is part of the EBRD’s larger efforts to help Turkey increase its share of renewables in the energy mix. In line with its renewable energy action plan developed by the country’s Ministry of Energy and Natural Resources with the support of the EBRD, Turkey aims to install 27 GW of non-hydro renewable generation capacity by 2023, 20 GW of which is expected to be wind and 5 GW licensed solar, according to the news release.

The EBRD is a major investor in Turkey. Since 2009 it has invested nearly EUR 11 billion in various sectors of the Turkish economy, with almost all investment in the private sector. Half of the Bank’s portfolio in Turkey constitutes investments that promote sustainable energy and resource use, according to the news release.

source of the news

https://balkangreenenergynews.com/akfen-to-build-4-new-wind-farms-9-pv-plants-with-ebrds-backing-of-up-to-usd-102-million/?fbclid=IwAR2XYQxniRVTMYS0IC-bkbfM8O0KmdwfIK0nR0EbwBlXz68otpDbrmVchZk