Energy Finance Industry News

Turkey to Continue Energy Investments

Istanbul, Turkey | November 28, 2008 by D-8 Secretariat

Turkey will continue to invest in renewable energy

Turkey will continue to invest in renewable energy

Energy and Natural Resources Minister Hilmi Güler said yesterday that despite the economic crisis, Turkey will continue to invest in energy, the Anatolia news agency reported.

Speaking at the Wind Energy Workshop, jointly organized by SenterNovem — a Dutch government agency developing sustainable energy — and the Wind Power and Hydropower Plants Businessmen’s Association (RESSİAD) in Ankara, Güler said there was room for cooperation in the area of renewable energy between Turkey and Netherlands. The minister noted that by 2020, Turkey is planning to have built wind turbines with a capacity of around 20,000 megawatts (MW).

“We also need 500 kilowatt [kW] wind turbines for domestic use, which can be installed without any permission, as well as 2.5 MW turbines. We can work together with Netherlands in this area. We are expecting a long-term commitment from them,” he said. Güler said they also wanted to make a big leap in other renewable energy resources like solar power. “Turkey has great potential for solar energy.

The minister asserted that Turkey’s energy needs were increasing by 8 to 8.5 percent annually and that they had completed the legal framework to allow for further investments. He said Turkey’s investment in the energy sector would continue despite the financial crisis. Also speaking at the workshop, Dutch Minister for Foreign Trade Frank Heemskerk said his country had vast experience in the technical and legal aspects of renewable energy. He stated that they were ready to share their knowledge with Turkey.

As a response to the global financial turmoil, D-8 Organization has been seeking ways to increase further investment and industry expansion in the member countries. D-8 has organized and discussed this issues in WG for Industry and WG for Energy earlier in Egypt and Indonesia.

D-8 Secretary General, Dipo Alam, said that Turkey has set itself as example for the other member countries in D-8 on how to handle the financial crisis. “Turkey has taken concrete steps to face the turmoil, and we hope that our other member countries will also formulate their steps too,” he said in his office.

News Contributor: TodaysZaman

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3 Responses

  1. Paul (Lucky) Scheppf
    1:47 pm on October 29th, 2010

    Upon our multiple visits to Istanbul and Trabzon, Turkey from the United States of America, we found a country with a positive desire for sustainable energy development.

    The officials along with the citizens are committed to safe and environmental friendly sources and streams of natural energy and support research and development of such systems and processes.

    As a United States citizen and professional business person in the oil and gas sector of the industry, I was very impressed with the advancements that Turkey has made and continues to move in the direction that will help bring positive change to this entire region.

    The Muslim people here are gracious, fun loving, peaceful and honorable people with much character and much integrity and we look forward to our many more ventures here. We at HSEC Global, Inc, http://www.hsecglobal.com encourage Americans to visit and tour this rich and historic country and the wonderful people that we have fell in love with here in Turkey.

    Dr. Paul nd Dr. Dianne Scheppf
    United States of America

  2. Paul (Lucky) Scheppf, Ph.D.
    7:32 pm on December 31st, 2010

    I am an American citizen and currently in Turkiye on oil and gas business on my third trip since August 2010. I will be leaving in early January 2011 and will not be returning until the summer of 2011. When my wife and I return it will not be business related but a visit to tour the rich historical sites in this wonderful country and explore a more in-depth study of the Islamic culture.

    What we have observed is a country and a culture of people much like us that have a proud and wonderful history. The Muslim people have welcomed us with their open hearts and arms and have shared their homes and families with us from The West. Nothing we have ever heard about Islam and the Muslims from the news is correct.

    They are not terrorist or thugs nor are they uneducated and backward. They are a culture of compassion, brave in their heart and dedicated to their freedom that their fathers fought and died for. They want peace and want to raise their children and to educate them and feed them and they desire the freedom to worship as they desire and to be free from outside influence that seeks to demoralize their children and corrupt their wonderful way of life. This is the Turkiye that I know and admire and respect.

    My wife and I will continue to tell the truth to the Americans in the United States about the Muslim people and the honorable truth about Islam that is good in all its ways but twisted and distorted by the news media that attempts to slander their Good Name and Honorable Faith and the Holy Quran. If someone has not lived and worked beside these good people and have not experienced their struggles and sufferings and laughed when they laughed and cried when they cried, do not cast stones.

    We will return to Turkiye and we will encourage more trade between Turkiye and the United States and we will continue to tell our political leaders and to educate the American public on Islam and teach tolerance and respect for all cultures and faiths. This is what we have learned from the Turkish and Muslim culture and we are thankful for it and are better people today because of it.

    Paul (Lucky) Scheppf, Ph.D.
    Professional Engineer
    United States of America
    pdscheppf@yahoo.com
    December 31st 2010

  3. Aziza Khatoon
    11:00 pm on January 10th, 2011

    I am very happy to learn that muslims of turkey
    treated their guest according to islamic way I also thank Mr.Paul and his wife for the comment if they are reading my comment I request every one have such experience with muslims and want to know about Islam to visit http://www.irf.net this is the organisation run by Dr. Zakir Naik

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