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

Belgrade Energy Forum energy storage is next big thing

Belgrade Energy Forum 2024 – energy storage is next big thing

25 May 2024 - There are exponential opportunities for energy storage investments to facilitate the green transition, main developers and operators in Southeast Europe said at Belgrade Energy Forum

janom investments Andrej Srsen bef 2024

Janom Investments bringing knowhow, investments to Western Balkans

24 May 2024 - Janom Investments is eyeing a portfolio of over 1,000 MW in wind, solar and battery projects in Croatia, BiH, Serbia and North Macedonia

maja turkovic cwp global investments bef 2024

Meet energy transition leaders in SEE: CWP Global is developing 6 GW of solar, wind, storage

24 May 2024 - Vice President for Europe at CWP Global Maja Turković was a panelist at the Belgrade Energy Forum 2024 conference

Western Balkans face tight electricity market coupling deadlines

Western Balkans face tight electricity market coupling deadlines

24 May 2024 - Market coupling is the first task in the Western Balkans energy transition and their main condition to be exempted from CBAM, panelists said at Belgrade Energy Forum