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Perfect Wind to invest $306 mln in Turkey

ISTANBUL
Wed Aug 27, 2008 10:26am EDT
An offshore wind farm stands in the water near the Danish island of Samso May 19, 2008. REUTERS/Bob Strong

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.

Green Business

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)
Green Business


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