GE (NYSE: GE) to Supply Four Turkish Wind Farms

Brian Hicks

Written By Brian Hicks

Posted November 12, 2012

Fina Enerji, a Turkish energy developer, will receive 43 wind turbines from GE (NYSE: GE) that will go toward four developing projects in western Turkey. The joint announcement was made at the Turkish Wind Energy Congress.

Together, the four projects will provide 97 MW of power to Turkey’s national electricity grid—enough for about 27,000 households.

From Equities.com:

“Using such machines with advanced technology will not only improve the capacity factors and capital productivities but also help to decrease our nation’s dependency on foreign sources of energy,” said Sancar Saracoglu, executive committee member of Fina Enerji.

Nine 1.6-100 turbines will go to the Kizilcaterzi project, and ten will go to the Karadere project. The Sadilli project will receive fourteen 2.75-100 turbines, and ten 2.75-100 turbines will go to the Salman Wind Farm.

Turkey’s government has an ambitious goal of increasing the nation’s wind power production to 20,000 MW by 2023, and they could do it since Turkey is very well positioned to take advantage of wind currents.

The country has a potential wind power capacity of 48,000 MW, capacity that’s almost entirely untapped—Turkey’s current wind capacity is a mere 1,800 MW.

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