Evonik acquires first stakes in wind industry companies

GERMANY: Evonik Energy Services, part of industry conglomerate Evonik Industries, is making its debut in the wind sector with projects in Turkey.

Evonik makes first wind investment
Evonik makes first wind investment

Google Translate

It has taken a 40% stake in two special purpose companies set up by wind developer Germania Windpark to apply for licenses to build wind power stations in Turkey.

Babadag Elektrik Uretim Sanayi ve Tic is developing the 10 MW Marmari Adasi and 45 MW Kirkagac projects in the coastal Aegean region, while EZSE Ruzgar Elektrik Uretim is developing the 37.5 MW Harbiye project on the eastern Mediterranean coast, south of Iskenderun.

These regions have attractive wind conditions, says Gerd Ketelhake of CPC, a Turkish subsidiary of Germania Wind. Germania expects licences for the projects to be granted by the Turkish government early this year.

They could then be built and commissioned within 16-20 months. Once operating, the projects will be sold to Evonik Energy Services. Germania has been active in Turkey for around 10 years and has projects totalling 150 MW in the pipeline.

Initially, in co-operation with a Turkish partner, it has concentrated on two projects totalling 57.5 MW which are close to completion, says Ketelhake. The next three, totalling 92.5 MW, are now being pursued with Evonik Energy Services.

The guaranteed baseline price for wind power of EUR0.05-0.055/kWh, coupled to the Euro to rule out currency risk, has unleashed a boom in wind energy developments, says Ketelhake.

The electricity can be sold either to state-owned Turkish energy enterprise TEIAS or directly to customers, often at a higher price of EUR0.75-0.80/kWh, he adds.

Evonik's energy division has focussed mainly on fossil fuel power stations in Germany and abroad until now, including a 1.32 GW coal plant at Iskenderun in south-east Turkey.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events

Latest Jobs