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Perfect Wind to invest $306 mln in Turkey
An offshore wind farm stands in the water near the Danish island of Samso May 19, 2008.
Credit: Reuters/Bob Strong
ISTANBUL |
ISTANBUL (Reuters) - French wind power producer Perfect Wind will invest 210 million euros ($306 million) in Turkey for a 150 megawatt wind power station, the company said in a statement on Tuesday.
The company, owned by Akuo Energy, plans to invest a minimum of 1.5 billion euros in Turkey's nearly undeveloped renewable energy sector in the next five years.
Turkey has a long coast in the sun-baked Mediterranean region, but investments in wind and solar energy are rare and the country imports most of its energy for consumption.
The country plans to construct a $7.5 billion nuclear power plant in a bid to reduce its reliance on imported energy.
(Editing by Will Waterman)
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