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Monday, February 04, 2013

Turkey Sees ‘Huge’ Clean-Energy Investment as Demand Bucks Trend - Bloomberg

Turkey Sees ‘Huge’ Clean-Energy Investment as Demand Bucks Trend
By Stefan Nicola & Gelu Sulugiuc - Feb 4, 2013 6:11 AM ET

Turkey expects “huge” investments in renewable power in the next 10 years as growth in energy demand outpaces economic expansion, a government official said.

Turkey needs to spend $10 billion on new power generation every year until 2023 to double capacity from the current 55 gigawatts, Deputy Energy Minister Hasan Murat Mercan said today at a conference in Vienna.

More:Turkey Sees ‘Huge’ Clean-Energy Investment as Demand Bucks Trend - Bloomberg