General Electric inks an accord for up to 410 MW of wind projects in Turkey

13/03/2018 10:55 Wind


General Electric signed a deal with Turkey's Fina Enerji on Monday to co-operate on eight potential wind projects in Turkey that will provide up to 410 MW of capacity by the end of 2020.

GE will deliver its 3.8-130 wind turbines and will offer long-term services for the projects, which will be situated across the country and are expected to become operational in the 2019-2020 period. The turbines should meet local content requirements. Last year, GE's division LM Wind Power began production at a blade factory in Izmir.

After the 2017 agreement for the Kizilcaterzi wind project, Fina Enerji aims to expand its installed capacity by around 425 MW to 761 MW by 2020.

According to GE, the accord will help reach Turkey's target of 20 GW of wind power capacity and 30% renewable energy production by 2023.

Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system

12/10/2018 11:24:00

Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel. 


Solar power ‘will help Europe avoid blackouts’

12/10/2018 09:33:00

Solar power will prove an important technology in stopping power outages across Europe in coming years.


Gas pipeline project is one of top priority projects for EU – Minister Joe Mizzi

12/10/2018 09:29:00

The Malta-Sicily gas pipeline is one of the top priority projects for the EU as it aims at ending Malta’s gas isolation, said Minister for Energy and Water Management Joe Mizzi during the World Energy Summit currently being held in Milan, Italy.