EDFEN Invests in Turkish Wind Market

EDF Energies Nouvelles (EDFEN) has acquired a 50% equity stake in Polat Enerji, a major developer in the Turkish wind energy market that owns two wind farms that are currently in service with a total capacity of 50 megawatts (MW). Polat Enerji also has an 80 MW facility under construction, as well as four projects at advanced stages of development, representing capacity in excess of 200 MW. All these assets are 50%-owned in partnership with another Turkish company.

The transaction will enable EDFEN to establish itself in the Turkish market, which has wind energy resources estimated at close to 20,000 MW. In addition to the deal with EDFEN, within the framework of a call for tenders by the Turkish energy regulator EMRA, Polat Enerji has submitted permit applications covering several hundred MW in wind energy.

“Turkey represents a country with great potential in which EDF EN will be able to harness the benefit of both its wind energy and solar energy expertise,” said David Corchia, CEO of EDF Energies Nouvelles.

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