Turkish energy sector chasing windmills and profits
When it comes to the burgeoning Turkish wind energy sector, prospects are as varied as the weather. Turkey is a relative newcomer to the renewable energy market, a field that includes diverse applications and innovative technologies for utilizing wind, solar and geothermal energy. Despite the government support, in 2005 the current phase of the Turkish wind energy sector's development got off to a turbulent start. As regards the renewable energy sector with which Turkey has so little experience, Turkish government authorities appear to have fumbled regulations and procedures and exhibited poor interagency coordination, complicating the sector's development. Despite barriers and a slow start, interest in the sector has continued to rise in 2008. When Sunday's Zaman spoke with sector representatives from foreign and domestic firms last week, they indeed seemed largely positive with respect to the future of wind energy investment in Turkey.
Turkey is home to an ideal geography for wind and solar energy investments, with an average of over seven hours of sunshine a day and borders with the Aegean, Black and Mediterranean Seas. Turkish electricity demand is increasing steadily, and Turkish policymakers are eager to decrease its dependence on foreign nations for the gas and oil that, among other things, fuel Turkish electricity production plants.
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