Saudi Arabia-based power and water project developer, ACWA Power; has announced plans to go into the renewable energy sector by setting up wind energy projects in Turkey. Head of ACWA power’s Turkish operations, Mr. Abid Hussein Malik has said that they aim at building a 340 megawatt (MW) wind power plant in Turkey.
This project provides investment opportunities for many companies as energy demand grows progressively in the turkish market by 4-5 percent annually. The company wants to diversify into the renewables, and hopes they get a renewable power investment license from the Turkish government.
“(Provided) that the license is awarded this year as we project, we want to invest in a 340 MW capacity wind power plant,” he said.
Presently, the ACWA Power is building a 950 MW gas power plant close to the capital city, Ankara, which is said to be due in the second quarter of 2017. They are also working on a 50MW solar power project in South Africa.
The country looks forward to installing wind energy of 20GW capacity by 2023, and to also acquire 30% of its electricity from renewable sources.
According to the WWEA (World Wind Energy Association), turkey is one of the four countries with china, Canada, and Poland, where wind capacity has greatly doubled in the past three years.