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Turkish Wind Energy Installations to Grow 31.6% CAGR by 2014 Finds RNCOS - Increasing private sector investments along with government incentives will propel wind installations to outpace entire renewable energy installations growth during 2010-2014, says RNCOS
Turkish Wind Energy Installations to Grow 31.6% CAGR by 2014 Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2011/06/08 - Increasing private sector investments along with government incentives will propel wind installations to outpace entire renewable energy installations growth during 2010-2014, says RNCOS.

   
 
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According to our recent research report “Turkey Wind Sector Analysis”, the government’s bid to decrease import dependency on energy needs and to reduce green house emissions, is proving decisive for renewable energy sources, especially for wind energy sector. The high potentials of wind energy commercial deployment also imparts a distinguished position in the global scenario, as the country boasts of largest wind power technical potentials in all leading OECD economies. The report further revealed that, the developments will intensify in near future and installations will grow at an impressive CAGR of 31.6% during 2010-2014.

The study acknowledged that, improving performance and dependability of wind turbines and reducing gestation period of installation has made Turkey as one of the most vibrantly growing wind energy market across the globe. Wind power accounts for 2.4% of the entire electricity installed capacity in Turkey, which is anticipated to soar strongly in near future. Moreover, regulator’s ambitious targets of installing 20 GW of wind power by 2023 to source 30% of its electricity generation from renewable sources will position the sector as a center of development among the renewable energy sectors in the country.

Further, it has been identified that, Marmara region is currently the center of development of wind power sector in Turkey. This region has the highest wind energy potential; thus, attracted major wind power installation in 2010. Within the Marmara region, provinces Balkesir, Çanakkal, and Istanbul attracted majority of wind power installation in 2010. The region is anticipated to remain the most viable investment source in future also, which will be highly accredited to its strategic location and existence of global wind industry majors.

Our report “Turkey Wind Sector Analysis”, has been authored to evaluate wind power market potentials in Turkey. The study provides extensive research and analysis of the industry within Turkish framework of renewable energy. The report provides statistics/information on sector developments on the country as well as regional levels. Forecasts for future wind capacity additions has been provided for all prominent regions, which will help clients to refine their investment decisions on the basis of grass root developments. Additionally, wind costs analysis facilitates essential understanding on project cost structure. A brief overview of business description and significant

Report/IM338/

About RNCOS
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

 
 
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Turkish Wind Energy Installations to Grow 31.6% CAGR by 2014 Finds RNCOS

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