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 (11.01.2019): German spot power price fell by 26% on Thursday due to strong wind generation

11/01/2019 11:45:00

Oil prices edged slightly higher on Thursday, tracking bullish equity markets following comments from the U.S. Federal Reserve chairman. However, gains were capped by waning optimism about the three-day U.S.-China trade talks, as these finalized with no concrete details. Concerns about a potential slowdown in global economy fuelled by weaker Chinese economic data also limited the rally in oil markets. On that background, Brent crude inched 0.4% up to $61.68 a barrel, while WTI futures settled 0.4% higher at $52.59 a barrel.


BP discovers another giant gas field in the Caspian

11/01/2019 09:34:00

BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.


Acciona completes installation of PV panels at 404MW solar plant in Mexico

11/01/2019 09:28:00

Acciona Energía has completed installation of solar panels at the 404.57MW Puerto Libertad plant located in the Sonora desert in Mexico.