News

Green energy investments take time to reap returns

Published

December 12, 2015

Comments

comments icon

0

Share

Published:

December 12, 2015

Comments:

comments icon

0

Share

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

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

Energy Community marks 20th anniversary as integration pillar for Southeastern Europe

17 July 2025 - The Energy Community Ministerial Council held its annual informal meeting in Athens, where the organization was founded twenty years ago

serbia hungary mvm maneks energotehnika juzna backa elektromontaza

Hungary’s MVM becomes majority owner of two Serbian firms

17 July 2025 - MVM is the dominant producer, distributor, and supplier of electricity and gas in Hungary, while the two firms were privately owned

Belgrade in focus challenges and solutions for sustainable urban development Ivan Gazdic cms

Belgrade in focus: challenges and solutions for sustainable urban development

17 July 2025 - The author of the feature is Ivan Gazdić, Attorney at Law and Partner at Petrikić & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz

google brookfield hydropower Safe Harbor ppa us

Google signs world’s largest corporate power purchase agreement for hydropower

17 July 2025 - Brookfield said the Hydro Framework Agreement is the first of its kind and the world’s largest corporate clean power deal for hydro.