Yıldız: 4 GW to be added in 2015, mostly from renewables
Turkey will add 4 GW to electricity production capacity in 2015, energy minister Taner Yıldız said, adding 95 percent will be provided through local and renewable resources, Hurriyet daily reported. The statement came after a massive power outage affected more than 76 million people in 80 out of 81 Turkish provinces for up to nine […]
EBRD: Outages, inefficiency rank high in business challenges
Though some improvements have taken place, electricity issues remained the most severe obstacle for firms in Albania, the European Bank for Reconstruction and Development (EBRD) and the World Bank Group said in the summary of fifth Business Environment and Enterprise Performance Survey (Beeps). The report covers countries in the transition region of Central, Eastern and […]
İşbank joins EBRD’s home energy efficiency programme
The USD 350 million financing facility launched by the European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) was joined by İş Bankası AŞ (İşbank), headquartered in Levent, Istanbul. The purpose of the programme is to boost investment in energy efficiency improvements for homes, EBRD said. The Turkey Residential Energy Efficiency […]
IFC leads Akuo’s loan project to finance 77.5 MW wind farm
French green power producer Akuo Energy said it signed a mandate letter with International Finance Corporation (IFC) to finance the erection of the 77.5 MW Bağlar wind farm near Konya. The mandate letter provides for IFC to lead and arrange a syndicate of other multilateral agencies or commercial banks to provide up to EUR 100 […]
Conergy launches solar joint venture
Hamburg-based downstream solar specialist Conergy announced the establishment of a company called RKT Conergy, co-owned with the CO Group from Turkey, aimed at expanding in that country’s market. The joint venture will be led by Heinz-Peter Tienken, Conergy’s Vice President responsible for global engineering and service, and Utku Korkmaz, managing director of RKT, CO’s project […]
Slovenia plans to build Morača hydro plant with Turkey
President of Slovenia Borut Pahor said possibilities for expansion of cooperation with Turkey exist, namely in constructing the Morača hydroelectric power plant in Montenegro, RTV Slovenija said. At his official visit to Slovenia, the president of Turkey Recep Tayyip Erdoğan agreed with his counterpart and emphasized that cooperation could grow stronger mainly in the fields […]
EU eyes creation of energy partnership with Turkey
The European Commission (EC) said it intends to establish an energy policy partnership with Turkey, Anadolu Agency reported. A stronger and more united EU can engage more constructively with its partners, to their mutual benefit, EC’s statement said. The body announced the Energy Union Package in Brussels on February 25, which calls for greater coordination […]
First Solar secures interconnection rights for three PV plants in Turkey
Arizona-based First Solar Inc. has been awarded interconnection rights for three planned utility-scale solar photovoltaic plants in southern Turkey. The rights were issued following a competitive tender that was administered by the Turkish Electricity Transmission Co. (TEIAŞ) as part of the country’s Renewable Energy Resources Support Mechanism (YEKDEM) program, Solar Industry Magazine said. Subject to […]
