U.S., Turkey Iink MoU on Cooperation in Wind Power Sector

Turkey and the U.S. have signed a memorandum of understanding (MoU) to improve cooperation in the wind energy sector, Turkish media reported on Friday.

With the agreement, signed during the Atlantic Council Energy and Economic Summit in Istanbul, the two countries aim for wind turbines with total capacity of some 3,000 megawatts (MW) to be manufactured in Turkey and target at least $500 million (402 million euro) worth of investments, daily Hurriyet said, citing Turkey’s energy minister Taner Yildiz.

The U.S. companies will be more involved in Turkey’s wind energy industry as a result of the MoU, Yildiz said as quoted by daily Sabah.

Yildiz said also that Turkey’s total installed wind power capacity has increased to 3,600 MW during the rule of the Justice and Development Party (Ak Parti) from 19 MW 12 years ago.

The two-day conference of the annual Atlantic Council Energy and Economic Summit, the sixth, started on Thursday in Istanbul.

Source: SeeNews