octo.
10
2009 | RES Announces Acquisition of 500 MW of Wind Power Projects in Turkey
RES1 has today announced that it has concluded the acquisition of a portfolio of wind power projects in the Turkish market. This acquisition, representing close to 500 MW of capacity, is the first important step for RES into this market, which has a large untapped economic potential for wind power generation. These projects, at different stages of development, are due to be realised over a period of 3 to 4 years and the first generating licence is expected to be granted within the next few months. They represent a potential total
investment of nearly 750 M€.
Turkey has a strong renewable energy potential and RES will be concentrating its efforts on wind and solar power. Thanks to in-house skills that encompass all aspects of development - site prospecting and assessment, plant design, through the planning, financing and construction of projects, right up to the
operation & maintenance of a generating wind or solar power plant, RES has all the necessary expertise to bring these projects to successful commercial operation.
To demonstrate RES’s commitment to the Turkish market and to manage its growing operations RES opened a subsidiary, RES Anatolia in Istanbul, in late 2008. The office currently employs a team of 5 and has an ambitious recruitment plan in the months to come, to match the expected increase in development activity.
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