Germany's PNE Wind, Steag to Set Up JV for Wind Power Projects in Turkey

German wind farm developer PNE Wind said on Monday it will set up a joint venture together with German green power company Steag New Energies to develop wind power projects in Turkey.

The two companies will each own 50% of the new company, PNE Wind said in a statement published on its website.

"PNE WIND AG will contribute a number of wind farm projects in which wind energy systems with a nominal output of up to 700 megawatt (MW) can be installed, together with its know-how in project development," it added.

The projects currently in development are now being prepared by the joint company for the coming tendering round for wind farms in Turkey.

Steag has been present on the Turkish energy market for 30 years and has been operating in the wind power sector since 2007. It has been operating a 1,320 MW coal fired power plant in Iskenderun, on Turkey's Mediterranean coast, since 2003 and has also been developing wind projects in Turkey for some years, the statement said.

Source: SeeNews