Saudi Arabia-based power project developer ACWA Power is set to enter renewable energy sector in Turkey.
ACWA Power has announced plans to set up a large-scale wind energy project in Turkey. The proposed project will have an installed capacity of 340 MW. The company already has an operational gas-based power plant near the capital Ankara.
Expansion into Turkey’s renewable energy market is inline with the company’s similar operations and plans in other parts of the world. ACWA Power is working one of the largest solar power complexes in Morocco. The Noor-Ouarzazate solar complex is expected to have an installed capacity of 2 GW once it is fully operational by the end of the decade; ACWA Power is working on some large-scale projects as part of the complex.
ACWA Power is also operating a 50 MW concentrated solar power project in South Africa. The company is operating under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The Bokpoort project has more than 9 hours of storage and can operate during the night as well.
AWCA Power, in partnership with Masdar Group, has also announced plans to set up 1.5 GW solar power and 500 MW wind energy capacity in Egypt.
Last year, Turkey had invited bids for 3 GW of wind energy capacity. Energy Market Regulatory Authority received applications from prospective developers to set up over 42 GW of wind energy capacity, nearly 14 times the available limit. The country aims to have 20 GW of installed wind energy capacity by 2023. It has also set a target to procure 30% of all its electricity needs from renewable energy sources by 2023. The Turkish government is also looking to promoting other renewable energy technologies with target to set up 34 GW hydro power, 5 GW solar power, 1 GW geothermal power, and 1 GW biomass-based power capacity by 2023.