Wind Wire: Turkey - Collaboration with Spanish developer

Turkey's Saran Energy Group has signed an agreement with Spanish developer Fersa Energias Renovables to develop and operate renewable energy projects in Turkey in a 50-50 joint venture.

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The new company, to be known as Fersar and incorporated in Turkey, aims to build 350MW of operating capacity by 2015, including some 200MW of wind power projects currently under development. This represents a total investment in the region of $1 billion (EUR0.68 billion), with both parties putting up equal contributions, according to Sadettin Saran, president of Saran Holding, which is active in the energy, defence, media and health sectors. Fersa, a publicly listed company, has 138MW of operating wind power capacity in Spain, India, France and Poland. It also has 79MW under construction and a projects portfolio of 2.7GW at various stages of development in Estonia, Panama, China, Montenegro and Italy.

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