Turkey: Wind Energy Project Fails

New legislation originally intended to increase benefits from wind energy and decrease dependency on foreign sources of energy has failed.

Energy Minister Hilmi Guler called on businessmen to take a share of the 30 billion-dollar market in wind energy and some companies were officially granted a license to invest their money, but most of these companies have not even taken the first steps.

Renewable power sources like wind often require large amounts of money in investment.

A report from the Energy Ministry put the cost of a wind plant with a 1-megawatt capacity at €1 to 1.3 million euros.

It is hoped that in 10 to 12 years, electricity will be obtained from wind plants at a fraction of today’s prices.

Zaman