EUR 3.5 billion in Turkey’s renewable energy industry planned by German-Turkish Consortium

The German electric utility company EnBW will invest EUR 3.5 billion in Turkey’s renewable energy industry. EnBW and its Turkish partner Borusan Holding will establish a 2,000 MW-installed power capacity to address the country’s growing power needs.

“Renewable energy sources such as wind and hydro are our current priorities”, said EnBW’s CEO Hans-Peter Villis, giving an interview to the press about their investments in Turkey. “Our wind energy plant in Bandirma has recently become operational, and the hydro plant over the Firat river will come into stream in a couple of months”, Villis told reporters, adding that Turkey’s Southeastern Anatolia region offers various investment opportunities. While EnBW is focused primarily on power production in Turkey, the company may also assess opportunities in high-voltage and power grids, according to Villis. Source: Invest in Turkey