Armed conflict makes Statkraft write off hydro project

As fights between government forces and the rebels intensified in southeastern Turkey, Statkraft stated in its quarterly results it decided to suspend most of the construction works for the Çetin hydropower plants on the Botan river. The two facilities planned for total capacity of 517 MW are the Norwegian company’s biggest project outside the home […]

Renewables February 10, 2016

Sustainable energy facility launch event, awards

The European Bank for Reconstruction and Development, in cooperation with the European Investment Bank, the European Union and the Turkish Ministry of Energy and Natural Resources will promote sustainable energy financing in Turkey through the Mid-size Sustainable Energy Financing Facility (MidSEFF). The launch event will also mark the third stage of financing for MidSEFF, which […]

Renewables January 25, 2016

Phoenix Solar, partner win 4.9 MW project

German solar system integrator Phoenix Solar AG said it will build four solar power plants with a total capacity of 4.9 MW in Turkey in partnership with Asunim Yenilenebilir Enerji Teknolojileri, SeeNews reported. The companies have been jointly awarded the contract by a Turkish governmental enterprise. The solar arrays, which will use Jinko polycrystalline solar […]

Renewables January 20, 2016

London airport buys solar panels made in Turkey

Southend Airport, located east of the capital of the United Kingdom, is installing solar energy panels from Turkey, the company leading the project announced, as reported by Anadolu Agency’s Energy Terminal. Over 9,500 high-efficiency solar panels were produced in Istanbul, where Chinese company CSUN established the country’s largest solar panel factory in 2013, with 350 […]

Renewables January 20, 2016

Green energy investments take time to reap returns

Returns from funds directed into energy from renewable sources will be realized within nine to 10 years, according to Turkish energy investment company Özgül Holding’s chairman Faruk Özgül. Anadolu Agency’s Energy Terminal said he added such investments which are feasible and realistic will have a life of at least 50 years. “Investments in renewable energy […]

Renewables December 12, 2015