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China Takes Aim At The Petrodollar

China Takes Aim At The Petrodollar

In a potentially disrupting move…

Turkey to Hold Third Wind Power Congress

Turkey to Hold Third Wind Power Congress

Next month the third international annual congress of Wind Power Turkey of the Turkish Wind Energy Association will be held in Istanbul
 
European Wind Energy Association chief executive officer Christian Kjaer said, “Turkey could be among the top three producers of wind energy” and “has a predictable and attractive market for wind energy investors,” Hurriyet newspaper reported.
 
Turkey’s installed wind capacity tripled during 2007 from 50 megawatts to almost 150 megawatts. It tripled again during 2008 to reach 433 installed megawatts and by the end of 2009 it had almost doubled to 801 megawatts. At the same time, the Turkish government announced a 30 percent objective for renewable energies by 2023 with plans to push wind energy up to 20,000 megawatts of installations for the same year.
 
Kjaer noted, “With an average growth in power demand of 8 percent each year, this means that if the 20,000 megawatts target is met, wind power will cover one fifth of Turkey’s power demand by 2023. With huge wind energy potential, ambitious government targets and a recent track-record of rapid wind energy growth, Turkey could be one of the future wind energy movers and shakers, but numerous administrative hurdles must be overcome to attract more investments and manufacturing to the country.”

By. Joao Peixe, Deputy Editor OilPrice.com



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