Green energy investments take time to reap returns


December 12, 2015





December 12, 2015




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 are never wrong,” Özgül asserted in an interview.

Turkey is turning into a hotspot for renewable energy investments mainly in hydro, wind and solar sectors. The country’s wind power plant capacity, which in 1998 was at 8.7 MW, reached 3.65 GW by 2015. To date, Turkey’s energy watchdog EMRA has awarded 250 wind power plant licenses for a capacity of 9.9 GW.

According to Ernst and Young’s global report published on April 13, Turkey has climbed up one step in the attractiveness index for renewable energy investment, to the eighteenth spot globally, while India and Subsaharan Africa are soaring. The country came after Denmark and just before Portugal in the list of 40 countries, the report shows.

Özgül explained that the company’s main goal is to continue to be an investor with the intention of increasing production and employment.

Related Articles

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Four times more installed power plants in North Macedonia in 2022

North Macedonia’s regulator issues 200 licenses for renewable electricity plants in 2022

25 November 2022 - The Energy and Water Services Regulatory Commission issued 200 licenses this year for electricity production from renewable sources

Albania applications solar power 151 MW

Albania receives applications for solar power projects of 151 MW in total

25 November 2022 - Applications for solar power projects sent to the Ministry of Infrastructure and Energy of Albania include one of the largest ones so far, for 93 MW