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Italian green energy company Exergy thrives in Turkey

Published

January 6, 2016

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Published:

January 6, 2016

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Attracted by Turkey’s geothermal energy potential, Italian engineering company Exergy’s investment in a turbine production plant in Izmir has made it the number one supplier of geothermal power generation equipment in the country, Invest in Turkey portal said.

Exergy’s new production facility manufactures turbines for use in combined-cycle geothermal power generation plants. The company’s turbines are used in more than 60% of Turkey’s operational geothermal power plants, the press release said. The company’s founder and chief executive Claudio Spadacini said the country’s geothermal potential was immense and that Turkey would continue to be the priority market. Exergy sources parts and components from Turkish companies. “Our plant in Izmir has a localization ratio of 60 percent,” he said.

Spadacini added Turkey’s feed-in tariff for renewables favored locally produced equipment. “Energy projects using locally produced turbines benefit from higher rates when selling power to the national grid. That increases the feasibility of the project,” he said. The Italian company also has a regional service center in Turkey, which is likely to become an export hub too, according to Exergy’s head. “Our focus is on the Turkish market but exporting to other countries from Turkey can be considered in the future,” he noted.

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