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Saran, Fersa partnership brings $1 billion for renewable energy
Çağlayan, speaking at the ceremony about the importance of energy for the future of the world, noted that $26 trillion will be invested worldwide in renewable energy by 2023, while $125 billion will be invested within the next 10 years in Turkey. He continued by noting the importance of the $1 billion investment that this partnership will bring in achieving this.
The partnership between Saran Energy, which has investments in solar, hydroelectric, and wind power, and Fersa, a publicly traded Spanish renewable energy firm and one of the biggest forces in the European energy sector, will invest $1 billion in renewable energy in Turkey, with equal contributions by both parties. Speaking at the ceremony, Yıldız stressed the significance of this investment in attracting other investments in renewable energy in Turkey. Yıldız also highlighted the importance of this partnership for doubling the 44,000 megawatts (MW) of electrical production capacity currently installed by 2023.
Revealing that the ministry had set a goal of 20,000 MW of electricity derived from wind by 2020, Yıldız stated that “we’ve been moving at a slow pace in doling out wind farm licenses. We have to speed up this process.”
Minister Yıldız also stressed that nuclear power plants and renewable energy sources are a source of energy security, underlining that these different renewable energy options complemented one another: “By 2023, energy from natural gas plants, nuclear power plants, coal from domestic sources, thermal power plants and renewable energy sources will together create a strong and stable energy framework.”
Speaking at the ceremony, Saran Holding CEO Sadettin Saran noted that this was an important first step in attracting renewable energy investments to Turkey. He continued by stating that the partnership hoped to build 350 MW of capacity by 2015 using renewable energy sources.
Fersa CEO Jose Maria Roger expressed his faith in the partnership by recommending that Sadettin Saran become CEO of the partnership company.
Ministry will not appeal nuclear energy clauses
Speaking to press before the event, Yıldız announced that his ministry would not be appealing three clauses which the Council of State recently rejected regarding regulations for nuclear power plants.
Answering questions about why the ministry had decided not to appeal the three rejected clauses, the minister said: “In order to bring nuclear energy to our country, we need to work together with legislators, enforcement and the judiciary when drafting legislation. Instead of trying to prove that our ministry or the Council of State is right, we thought we could use our time more wisely by re-evaluating the situation. … We want to reach a conclusion regarding the situation as soon as possible so we can issue calls for a tender.”
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