Turkey’s efforts to enable more active use of domestic and renewable resources have come to fruition. The Energy ministry has made a move to attract nearly $5.4 billion investment to wind energy in 2017.
Last month, Turkey completed the 710 megawatt tenders in 11 different regions with a total investment amount of around $1 billion. The companies’ applications for the competitions were taken April 24-30, 2015.
The tender process for pre-license applications for the 2,290-megawatt wind power plants, with an investment value of $3 billion, is expected to be completed by the end of the year.
Successful bidding companies will be able to actualize the investment after the pre-license, license and construction permission processes, which will last for about 3 years.
Turkey also began to receive bids on July 22 as part of its first renewable energy resource project in wind energy. With a renewable energy resource project totaling 1,000 megawatts of wind power, an investment of approximately $1.4 billion will be actualized. The investor with the lowest bid will sign a 15-year electricity sale contract. Up to now, two consortia have announced preparations for the tender, while the ceiling price per kilowatt-hour will be 7 cents at the reverse auction.
Reportedly, companies from a number of countries, especially the U.S., China, Germany and Denmark, have already formed a consortium to bid in the competition.
On the other hand, Turkey, which currently has $6,400-megawatts of installed wind power, will need to invest a total of $19 billion in order to achieve the targeted 20,000 megawatts in 2023.
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