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Tuesday, October 13, 2009

RES to invest USD1.1bn in Turkish wind farms

"RES to invest USD1.1bn in Turkish wind farms
13th October 2009

UK-based Renewable Energy Systems (RES) is paying an undisclosed sum to an unnamed seller to acquire a portfolio of wind energy projects in Turkey. The firm plans to invest close to EUR750m (USD1.1bn) developing the wind farms, which have a potential combined capacity of 500MW. The projects will be developed over a period of three to four years."

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