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New player with big project
1 May 2007
A major new player on the Turkish renewable energy scene, DOST Enerji, is entering the market with a bang with a 42.5 MW project currently building at Yuntdag, near Izmir. The project also represents a first in Turkey for German company Nordex, which is supplying the 17, 2.5 MW turbines for commissioning early in 2008. DOST Enerji was founded in December to invest in wind and other renewable generation in Turkey, Bulgaria, Greece, Romania and Egypt and to trade electricity. The companies behind it are MV Holdings, a leading Turkish telecoms company now branching out into real estate and energy, which owns a 51% stake, Portmobil Telecommunications (40%) and RDO Investment (9%). In the medium term, DOST is targeting 250-300 MW installed wind capacity, either by developing its own projects or buying licences. It is also willing to cooperate with strategic partners on further investments. DOST bought the Yuntdag project from German developer InnoVent GmbH. With annual average wind speeds at the site of up to ten metres a second, Nordex estimates the plant will generate around 160 million kilowatt hours a year, equivalent to a capacity factor of roughly 45%. DOST plans to apply for a further 7.5 MW at Yuntdag and has a number of other projects currently under negotiation.
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