French wind power firm to invest $306 mln in Turkey

Turkey has a long coast in the sun-baked Mediterranean region, but investments in wind and solar energy are rare and the country imports most of its energy for consumption.

French wind power firm to invest $306 mln in Turkey

French wind power producer Perfect Wind will invest 210 million euros ($306 million) in Turkey for a 150 megawatt wind power station, the company said in a statement on Tuesday.

The company, owned by Akuo Energy, plans to invest a minimum of 1.5 billion euros in Turkey's nearly undeveloped renewable energy sector in the next five years.

Turkey has a long coast in the sun-baked Mediterranean region, but investments in wind and solar energy are rare and the country imports most of its energy for consumption.

The country plans to construct a $7.5 billion nuclear power plant in a bid to reduce its reliance on imported energy.

Reuters

Güncelleme Tarihi: 28 Ağustos 2008, 14:11
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