Turkey and the United States signed an agreement to improve wind energy cooperation held as part of the Atlantic Council’s 2014 Energy and Economy Summit held in Istanbul.
Turkish Energy and Natural Resources Minister Taner Yıldız and U.S. Secretary of Energy Ernest Moniz signed the deal.
American companies can get more involved in Turkey’s wind energy sector as a result of the deal, stated Yıldız during the MOU.
This is for establishing a wind energy plant with capacity to produce 3,000 megawatts of power in exchange for producing equipment in Turkey. American companies need to be active in Turkey, to cooperate with local companies, said, Yıldız.
During the 12-year tenure of the ruling Justice and Development Party, the country’s wind power capacity has increased from 19 megawatts to 3,600 megawatts, he added.
In addition, plans for a $500 million investment in wind turbines to further increase energy production from wind have been announced.
Both countries are determined to achieve targets for clean energy and wind energy is valuable for US as it helps to lower costs, said, Moniz.
Sabeena Wahid
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