Wind Power Industry in Turkey, Trends and Forecasts

• Publication date: September 2010

This report includes data on wind installed capacity and generation. It provides data on major industry developments, industry share analysis of key component manufacturers, profiles of key industry players, data on major wind Power Plants(wind farms) and analysis of important deals. This, along with detailed data on the regulation rules and key policies driving the mark, provides a comprehensive understanding of the industry for wind power in th...

This report includes data on wind installed capacity and generation. It provides data on major industry developments, industry share analysis of key component manufacturers, profiles of key industry players, data on major wind Power Plants(wind farms) and analysis of important deals. This, along with detailed data on the regulation rules and key policies driving the mark, provides a comprehensive understanding of the industry for wind power in the country.


Scope of the Research

- Brief introduction to the overall power and renewable energy industry, highlighting the fuel types – thermal, hydro, wind, nuclear, solar PV, solar thermal and biomass.
- Data provided historically from 2001 to 2009, projection to 2020.
- Data on installed capacity and power generation.
- List of major current and upcoming Power Plants.
- Key Wind Firms
- Public policy and regulation driving the industry .
- Deals in the Wind industry for the past year. Deals analyzed on the basis of Merger and Acquisition, Partnership, Asset Financing, Debt Offering, Equity Offering and PE/VC.

Why Should You Get This Report?

- Identify key investment opportunities and strategic growth potential in the country's wind energy industry
- Position yourself to gain the maximum advantage of the market ’s growth opportunities
- Anticipate and react to your competitors’ business structure, strategy and prospects
- Make better decision based on strong historic and projection data, deal analysis and recent developments
- Develop strategies based on the latest operational and regulatory events
- Identify key deals providing understanding of the mergers and partnerships that have shaped the industry

Wind Turbine Industry in Turkey

1 Table of Contents 2
I. 1 List of Data tables 8
I. 2 List of Charts 10

II Executive Summary 11
II. 1 World Power Demand to Rejuvenate 11
II. 2 World Wind March ket – Growth Momentum to Accelerate 11
II. 3 Turkey Power March ket – Thermal Power Share to December line in Overall Power Generation Mix 12
II. 4 Turkey Renewable March ket – Share of Hydro Power to December line in Renewable Power Mix 12
II. 5 Turkey Wind Power March ket – Installed Capacity to Continue Growth Momentum 13
II. 6 Turkey Wind Power Deals March ket – Deal Value Increased, Deal Volume December line In 2009 13
3 World Power March ket Scenario: from 2001 to 2020 14
4 World Renewable March ket Scenario: from 2001 to 2020 20
IV. 1 World Carbon Emission, Overview 23
5 World Wind Power March ket: 2001 to 2020 26
V. 1 Overview 26
V. 2 World Wind Power March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 26
V. 3 World Wind Power March ket, Power Generation, MW, from 2001 to 2020 28

VI Turkey Power March ket Scenario, from 2001 to 2020 31
VI. 1 Overview 31
VI. 2 Turkey Power March ket, Installed Capacity by Fuel Type, from 2001 to 2020 31
VI. 3 Turkey Power March ket, Power Generation by Fuel Type, from 2001 to 2020 33

VII Turkey Renewable Power March ket Trends 2001 to 2020 36
VII. 1 Turkey Renewable Power March ket including Hydro, Installed Capacity, MW, from 2001 to 2020 36
VII. 2 Turkey Renewable Power March ket, Power Generation, GWh, from 2001 to 2020 38

VIII Turkey Wind March ket: from 2001 to 2020 41
VIII. 1 Turkey Wind March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 41
VIII. 2 Turkey Wind Power March ket, Power Generation, GWh, from 2001 to 2020 42
VIII. 3 Turkey Wind Power March ket, Top Active Wind Farms, 2009 44
VIII. 4 Turkey Wind Power March ket, Upcoming Wind Farms 45
VIII. 5 Turkey Wind Power March ket, March ket Share of Turbine Manufacturers, 2009 47

IX Turkey, Major Policies and March ket Instruments Supporting Renewables 48
IX. 1 Turkey Renewable Energy, Major Policies and Incentives 48
IX. 1.1 Use of Renewable Energy Resources for the Generation of Electrical Energy (Law No. 5346) 48
IX. 2 Electricity March ket Licensing Regulation 49
IX. 3 Energy Efficiency Law, 2007 (Law No. 5627) 49
IX. 4 Regulation on Increasing Efficiency in the Use of Energy Resources and Energy 50
IX. 4.1 Voluntary Agreements 51
IX. 4.2 Use of cogeneration, heat pump and solar energy systems in mass housing projects 52
IX. 4.3 Implementations for Increasing Energy Efficiency 52

X Turkey Wind March ket, Deals March ket Trends, 2009 53
X. 1 Turkey Wind March ket, Deals Value versus Deal Volume Analysis, from 2007 to 2009 53
X. 2 Turkey Wind March ket, Major Deals, from 2008 to 2010 54
X. 2.1 Agaoglu Energy Takes Over 100% Interest In Galata Wind Energy 54
X. 2.2 EDF Energies Takes Over 50% Interest In Polat Energy 55
X. 2.3 CEZ Takes Over 37% Stake In Akenerji Elektrik Uretim 56
X. 2.4 Falck Renewables Takes Over Ezse Elektrik Uretim 57
X. 2.5 Fersa Energias Renovables Forms Joint Venture With Saran Holding 58
X. 2.6 EnBW Enters Into Partnership With Borusan Holding 59
X. 2.7 American Superconductor Signs Licensing Agreement With Model Enerji 60
X. 2.8 RWE AG Forms Joint Venture With A Turkish Energy Producer 61
X. 2.9 Agaoglu To Invest US$ 131 Mln For Sahres Wind Power Project In Balikesir Province, Turkey 62
X. 2.10 Italgen Announces Project Financing For Balikesir Wind Farm In Balikesir, Turkey 63
X. 2.11 Gama Energy Announces Project Financing Of US$ 58 Mln For Sares And Karadag Wind Farms In Turkey 64
X. 2.12 Galata Wind Energy To Invest US$ 200 Mln For Sahres Wind Farm Project In Turkey 65
X. 2.13 Fersar To Invest US$ 1,000 Mln For Wind Power Project In Turkey 66
X. 2.14 Agaoglu Energy Takes Over Three Wind Farm Projects From Galata Wind Energy 67
X. 2.15 RES Takes Over Portfolio Of Wind Power Projects, Turkey 68
X. 2.16 Ayen Enerji Announces Project Financing For Seferihisar And Mordogan Wind Farm, Turkey 69
X. 2.17 Bilgin Energy Completes Project Financing Of US$ 129 Mln For Soma Wind Energy Power Plant In Manisa, Turkey 70
X. 2.18 Akenerji Elektrik Completes Project Financing Of US$ 28 Mln For Ayyildiz Wind Farm In Bandirma, Turkey 71
X. 2.19 Zorlu Enerji Completes Project Financing Of US$ 120 Mln For Osmaniye Wind Farm, Turkey 72
X. 2.20 Enerjisa To Invest US$ 49 Mln In Canakkale Wind Farm, Turkey 73
X. 2.21 Rotor Elektrik Completes Project Financing Of US$ 177 Mln For Wind Power Project, Turkey 74
X. 2.22 Akuo Energy To Invest US$ 308 Mln In Wind Power Plant, Turkey 75
X. 2.23 BELEN Elektrik Completes Project Financing Of US$ 54 Mln For Belen Wind Project, Turkey 76
X. 2.24 MAZI-3 Completes Project Financing Of US$ 55 Mln For Wind Power Plant, Turkey 77

XI Company Snapshot - Vestas Wind Systems A/S 78
XI. 1 Company Profile 78
XI. 2 Business Overview 78
XI. 2.1 Business Description 78
XI. 2.2 Manufacture, Sales and Service of Wind Turbines and Wind Power Systems 78
XI. 3 Vestas Wind Systems A/S, Major Products and Services 80
XI. 4 SWOT 81
XI. 4.1 Overview 81
XI. 5 Vestas Wind Systems A/S Strengths (SWOT Analysis) 82
XI. 5.1 Developing Newer Technologies in Reducing Design Flaws 82
XI. 5.2 A Breakthrough Addition to Modern Wind Energy – the V112-3.0 MW Wind Turbine 82
XI. 5.3 Leading March ket Position 83
XI. 5.4 Expanding Operating March gin 83
XI. 6 Vestas Wind Systems A/S Weaknesses (SWOT Analysis) 83
XI. 6.1 Fraud located in Vestas Eolica S.A.U 83
XI. 6.2 Limited Liquidity Position 84
XI. 6.3 December lining March ket Share in Segment 84
XI. 7 Vestas Wind Systems A/S Opportunities (SWOT Analysis) 84
XI. 7.1 Stimulus Programs for Renewable Energy 84
XI. 7.2 Rising Demand for Energy from Renewable Sources 85
XI. 7.3 Implementation of SAP 85
XI. 7.4 Investments 85
XI. 7.5 Consistent Demand and Opening of New Production Facilities 85
XI. 8 Vestas Wind Systems A/S Threats (SWOT Analysis) 86
XI. 8.1 Financial Crisis and World Wind Energy March ket 86
XI. 8.2 Government Regulations 86
XI. 8.3 Product Risks 86
XI. 9 Competitors 87
XI. 10 Locations and Subsidiaries 87
XI. 10.1 Headquarter 87
XI. 10.2 Other Locations & Subsidiaries 87

XII Company Snapshot - EDF Energies Nouvelles SA 91
XII. 1 Company Profile 91
XII. 2 Business Overview 91
XII. 2.1 Business Description 91
XII. 2.2 Americas 92
XII. 2.3 Europe 93
XII. 3 EDF Energies Nouvelles SA, Major Products and Services 96
XII. 4 SWOT 96
XII. 4.1 Overview 96
XII. 5 EDF Energies Nouvelles SA Strengths (SWOT Analysis) 97
XII. 5.1 Leading March ket Presence 97
XII. 5.2 Integrated Operations 97
XII. 5.3 Strong Operational Performance 97
XII. 5.4 Strong Supplier Base 98
XII. 6 EDF Energies Nouvelles SA Weaknesses (SWOT Analysis) 98
XII. 6.1 Increasing Debt 98
XII. 6.2 Interest in Silicium de Provence Project 98
XII. 7 EDF Energies Nouvelles SA Opportunities (SWOT Analysis) 98
XII. 7.1 Expansion into Existing & New March kets 98
XII. 7.2 Increasing Importance of Renewable Energy 99
XII. 7.3 Strengthening Solar Operations 99
XII. 8 EDF Energies Nouvelles SA Threats (SWOT Analysis) 99
XII. 8.1 Technological Changes 99
XII. 8.2 Intense Competition 100
XII. 8.3 Government Policies and Regulations 100
XII. 9 Competitors 100
XII. 10 Operations and Subsidiaries 101
XII. 10.1 Headquarter 101
XII. 10.2 Other Locations & Subsidiaries 101

XIII Company Snapshot - Ayen Enerji A.S. 102
XIII. 1 Company Profile 102
XIII. 2 Competitors 102
XIII. 3 Operations and Subsidiaries 102
XIII. 3.1 Headquarter 102

XIV Company Snapshot - Demirer Enerji Uretim A.S. 103
XIV. 1 Facts and Figures 103
XIV. 2 Operations and Subsidiaries 103
XIV. 2.1 Headquarter 103

XV Company Snapshot - Zorlu Enerji Elektrik Uretim A.S. 104
XV. 1 Company Profile 104
XV. 2 Business Overview 104
XV. 2.1 Business Description 104
XV. 3 Zorlu Enerji Elektrik Uretim A.S., Major Products and Services 105
XV. 4 SWOT 106
XV. 4.1 Overview 106
XV. 5 Zorlu Enerji Elektrik Uretim A.S. Strengths (SWOT Analysis) 106
XV. 5.1 Strong Growth in Sales s 106
XV. 5.2 Strong March ket Position 106
XV. 5.3 Fully Integrated Structure 107
XV. 5.4 Strong Growth in Operations 107
XV. 5.5 Expanding Operating March gin 107
XV. 5.6 Efficient Use of Resources 107
XV. 6 Zorlu Enerji Elektrik Uretim A.S. Weaknesses (SWOT Analysis) 108
XV. 6.1 Limited Liquidity Position 108
XV. 6.2 Dependency on Thermal Sources 108
XV. 6.3 Limited Investor Confidence 108
XV. 7 Zorlu Enerji Elektrik Uretim A.S. Opportunities (SWOT Analysis) 109
XV. 7.1 Diversification to Other Sources of Energy 109
XV. 7.2 Expansion of Operations in Other Countries 109
XV. 7.3 Positive Outlook for Energy Demand 109
XV. 7.4 Infrastructure Expansion 110
XV. 8 Zorlu Enerji Elektrik Uretim A.S. Threats (SWOT Analysis) 110
XV. 8.1 Stringent Government Regulations 110
XV. 8.2 Dependent on External Sources 110
XV. 8.3 December line in Electricity Demand in Turkey 110
XV. 9 Competitors 111
XV. 10 Operations and Subsidiaries 111
XV. 10.1 Headquarter 111
XV. 10.2 Other Locations & Subsidiaries 112

XVI Appendix 113
XVI. 1 Abbreviations 113
XVI. 2 Methodology 114
XVI. 3 Coverage 114
XVI. 4 Secondary Research 114
XVI. 5 Primary Research 115
XVI. 6 Expert Panel Validation 115
XVI. 7 Contact Us 115
XVI. 8 Disclaimer 116

1.1 List of Data tables

Data table 1: World Power March ket, Installed Capacity by Technologies (MW), 2001 – 2020 16
Data table 2: World Renewable Power March ket Installed Capacity (MW), 2001 – 2020 21
Data table 3: World Carbon Emission, Mln Metric Tones (Mtoe). from 2001 to 2009 25
Data table 4: World Wind Power March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 28
Data table 5: World Wind March ket, Power Generation, GWh, from 2001 to 2020 30
Data table 6: Turkey Power March ket, Installed Capacity by Fuel Type, MW, from 2001 to 2020 33
Data table 7: Turkey Power March ket, Power Generation by Fuel Type, GWh, from 2001 to 2020 35
Data table 8: Turkey Renewable Power March ket Including Hydro, Cumulative Installed Capacity, MW, from 2001 to 2020 38
Data table 9: Turkey Renewable Power March ket Including Hydro, Power Generation, GWh, from 2001 to 2020 40
Data table 10: Turkey Wind Power March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 42
Data table 11: Turkey Wind Power March ket, Power Generation, GWh, from 2001 to 2020 44
Data table 12: Turkey Wind Power March ket, Top Active Wind Farms, 2009 45
Data table 13: Turkey Wind Power March ket, Upcoming Wind Farms, 2009 46
Data table 14: Turkey Wind Power March ket, % March ket Share of Turbine Manufacturers, 2009 47
Data table 15: Turkey Wind March ket, Deals Value versus Deal Volume Analysis, from 2007 to 2009 53
Data table 16: Agaoglu Energy Takes Over 100% Interest In Galata Wind Energy 54
Data table 17: EDF Energies Takes Over 50% Interest In Polat Energy 55
Data table 18: CEZ Takes Over 37% Stake In Akenerji Elektrik Uretim 56
Data table 19: Falck Renewables Takes Over Ezse Elektrik Uretim 57
Data table 20: Fersa Energias Renovables Forms Joint Venture With Saran Holding 58
Data table 21: EnBW Enters Into Partnership With Borusan Holding 59
Data table 22: American Superconductor Signs Licensing Agreement With Model Enerji 60
Data table 23: RWE AG Forms Joint Venture With A Turkish Energy Producer 61
Data table 24: Agaoglu To Invest US$ 131 Mln For Sahres Wind Power Project In Balikesir Province, Turkey 62
Data table 25: Italgen Announces Project Financing For Balikesir Wind Farm In Balikesir, Turkey 63
Data table 26: Gama Energy Announces Project Financing Of US$ 58 Mln For Sares And Karadag Wind Farms In Turkey 64
Data table 27: Galata Wind Energy To Invest US$ 200 Mln For Sahres Wind Farm Project In Turkey 65
Data table 28: Fersar To Invest US$ 1,000 Mln For Wind Power Project In Turkey 66
Data table 29: Agaoglu Energy Takes Over Three Wind Farm Projects From Galata Wind Energy 67
Data table 30: RES Takes Over Portfolio Of Wind Power Projects, Turkey 68
Data table 31: Ayen Enerji Announces Project Financing For Seferihisar And Mordogan Wind Farm, Turkey 69
Data table 32: Bilgin Energy Completes Project Financing Of US$ 129 Mln For Soma Wind Energy Power Plant In Manisa, Turkey 70
Data table 33: Akenerji Elektrik Completes Project Financing Of US$ 28 Mln For Ayyildiz Wind Farm In Bandirma, Turkey 71
Data table 34: Zorlu Enerji Completes Project Financing Of US$ 120 Mln For Osmaniye Wind Farm, Turkey 72
Data table 35: Enerjisa To Invest US$ 49 Mln In Canakkale Wind Farm, Turkey 73
Data table 36: Rotor Elektrik Completes Project Financing Of US$ 177 Mln For Wind Power Project, Turkey 74
Data table 37: Akuo Energy To Invest US$ 308 Mln In Wind Power Plant, Turkey 75
Data table 38: BELEN Elektrik Completes Project Financing Of US$ 54 Mln For Belen Wind Project, Turkey 76
Data table 39: MAZI-3 Completes Project Financing Of US$ 55 Mln For Wind Power Plant, Turkey 77
Data table 40: Vestas Wind Systems A/S, Major Products and Services 81
Data table 41: Vestas Wind Systems A/S, SWOT 82
Data table 42: Vestas Wind Systems A/S, Other Locations 87
Data table 43: Vestas Wind Systems A/S, Subsidiaries 89
Data table 44: EDF Energies Nouvelles SA, Major Products and Services 96
Data table 45: EDF Energies Nouvelles SA, SWOT 97
Data table 46: EDF Energies Nouvelles SA, Subsidiaries 101
Data table 47: Demirer Enerji Uretim A.S., Major development 103
Data table 48: Zorlu Enerji Elektrik Uretim A.S., Major Products and Services 105
Data table 49: Zorlu Enerji Elektrik Uretim A.S., SWOT 106
Data table 50: Zorlu Enerji Elektrik Uretim A.S., Other Locations 112
Data table 51: Abbreviations 113

1.2 List of Charts

Chart 1: World Wind March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 12
Chart 2: World Power March ket, Installed Capacity by Technologies (MW), 2001 - 2020 15
Chart 3: World Power March ket, Installed Capacity Split by Technologies (MW), 2009 17
Chart 4: World Renewable Power March ket Installed Capacity (MW), 2001 – 2020 20
Chart 5: World Renewable Power March ket Installed Capacity Spilt by Technology (MW), 2009 22
Chart 6: World Carbon Emission, Mln Metric Tones (Mtoe). from 2001 to 2009 24
Chart 7: World Wind Power March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 27
Chart 8: World Wind March ket. Power Generation, GWh, from 2001 to 2020 29
Chart 9: Turkey Power March ket, Installed Capacity by Fuel Type, MW, from 2001 to 2020 32
Chart 10: Turkey Power March ket, Power Generation by Fuel Type, GWh, from 2001 to 2020 34
Chart 11: Turkey Renewable Power March ket Including Hydro, Cumulative Installed Capacity, MW, from 2001 to 2020 37
Chart 12: Turkey Renewable Power March ket Including Hydro, Power Generation, GWh, from 2001 to 2020 39
Chart 13: Turkey Wind Power March ket, Cumulative Installed Capacity, MW, from 2001 to 2020 41
Chart 14: Turkey Wind Power March ket, Power Generation, GWh, from 2001 to 2020 43
Chart 15 Turkey Wind Power March ket, March ket Share of Major Turbine Manufacturers, 2009 47
Chart 16: Turkey Wind March ket, Deals Value versus Deal Volume Analysis, from 2007 to 2009 53

Companies mentioned
Vestas Wind Systems A/S
EDF Energies Nouvelles SA
Ayen Enerji A.S.
Demirer Enerji Uretim A.S.
Zorlu Enerji Elektrik Uretim A.S.