Turkey is the Second Biggest Wind Energy Market in CEE, Says Frost & Sullivan

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Jul 06, 2010, 02:30 ET

LONDON, July 6 /PRNewswire/ -- In answer to the increasing need for renewable energy, Turkey, along with Poland, is spearheading the pursuit of accessible wind energy in Central and Eastern Europe.

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Turkey is the second biggest wind energy market in the region, according to a study by Frost & Sullivan (http://www.energy.frost.com), Investment Opportunities in the Wind Energy Sector in Europe. As Turkey's electricity demand increases and its prospect of joining the EU becomes a reality, the importance of developing renewable energy markets - especially wind energy markets - is being realized.

A recent boom in wind energy shook the Turkish market. Following a call for bids in 2007, 751 projects worth 78 GW were received in one day, and since then, the government has issued licenses for 5 GW, of which 402 MW are being constructed and 668 MW have received permission.

At 0.5% of total energy consumption in Turkey, wind energy has far to go to reach high levels of efficacy; however, overall growth of the industry has been impressive. Although 2000-2005 marked a dry period for wind capacity, the market doubled in 2006 and tripled in 2007 and 2008.

Wind capacity potential is reputably high throughout the country, with a technical wind potential of 6-7GW. Regions with the highest probable wind speeds at heights of 50m are found in the Aegean, Marmora and Eastern Mediterranean Regions, as well as mountainous regions of central Anatolia.

If you are interested in receiving a complimentary executive summary of this study, please send an e-mail to Chiara Carella, Corporate Communications, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

Investment Opportunities in the Wind Energy Sector in Europe is part of the Energy & Power Growth Partnership Services programme, which also includes research in the following markets: large hydropower, biomass energy and offshore wind energy. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

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