"Balanced expert perspective available fromour huge archive dating back to 1985"
EDF renewables unit buys Turkish power company
1 January 2009
EDF Energies Nouvelles (EDF EN), a division of French state-run utility EDF, has joined the ranks of foreign companies entering the Turkish wind power market with the purchase of a 50% stake in local electricity production and distribution company Polat Enerji for an undisclosed sum. Polat Enerji, which also develops wind projects, owns a half-share of two operating plant, 14.9 MW at Burgaz and 30.4 MW at Sayalar, on the Aegean coast. The other half in both cases belongs to leading Turkish wind power developer and owner-operator, Demirer Holding. Polat Enerji and Demirer also co-own five fully consented projects totalling 285.7 MW, to come online by the end of 2010. "Turkey represents a country with great potential in which EDF EN will be able to harness the benefit of both its wind energy and solar energy expertise," says EDF EN's David Corchia.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.