Turkey is the Second Biggest Wind Energy Market in CEE, Says Frost & Sullivan
By Frost Sullivan, PRNEMonday, July 5, 2010
LONDON, July 6, 2010 - 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.
(Logo: photos.prnewswire.com/prnh/20081117/FSLOGO) (Logo: www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
Turkey is the second biggest wind energy market in the region, according
to a study by Frost & Sullivan (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 chiara.carella@frost.com, 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.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best-in-class positions in growth, innovation
and leadership. The company's Growth Partnership Service provides the CEO and
the CEO's Growth Team with disciplined research and best-practice models to
drive the generation, evaluation, and implementation of powerful growth
strategies. Frost & Sullivan leverages over 45 years of experience in
partnering with Global 1000 companies, emerging businesses and the investment
community from 40 offices on six continents. To join our Growth Partnership,
please visit www.frost.com.
Contact: Chiara Carella Corporate Communications - Europe P: +44-(0)-20-7343-8314 M: +44-(0)-753-3017689 E: chiara.carella@frost.com
Chiara Carella, Corporate Communications - Europe, P: +44 (0) 20 7343 8314, M: +44 (0) 753 3017689, chiara.carella at frost.com
Tags: Frost & Sullivan, ireland, July 6, London, United Kingdom