Page 28 - bne_November 2018_20181105

28 I Cover story bne November 2018
capacity of local power plants should reach 26.6 GW, with shares of 26% for hydro and wind and 18% for solar. The electricity consumption per capita in Romania will also
grow until 2030, to reach 54% of the EU average, up from 45% in 2020. The increase will come from higher electricity use for transport and household heating/cooling.
MONGOLIA
Mongolia will raise its renewable energy capacity by 120MW this year, to bring the total of renewable energy generation to 20% of the country’s electricity needs by 2020 and 30% by 2030.
• Salkhit wind farm: Mongolia’s first 50MW wind farm is located 75km from Ulaanbaatar, cost $122mn and went online in 2012.
• Tsetsii Wind Farm: the 50MW wind farm cost $128mn provided by the European Bank for Reconstruction
and Development (EBRD) and Japan International Cooperation Agency (JICA). Launched in 2017, the plant
is located 542 kilometres south from Ulaanbaatar in the Gobi desert.
• Sainshand wind farm: Mongolia’s third wind farm is located 460 km south-east of Ulaanbaatar in the Gobi Desert and being financed by French multinational electric company Engie. The 55MW wind power project is due to be completed in 2018.
A 15 MW solar power plant has launched in Dornogovi province in May. Two more solar power plants with
a capacity of 20 MW and 30 MW, respectively, are planned for 2018.
TURKEY
Turkey’s installed capacity is 76,550MW at present, up from 27,264MW in 2000. Turkey is targeting 20 GW of capacity in wind power and the generation of 30% of its energy from renewable sources by 2023.
Turkish solar power production rose by 175% to 2.8mn megawatt-hours in 2017 compared to the previous year. Turkey intends to install 5,000MW of solar PV capacity by 2023. The country’s installed solar power capacity was 833MW at the end of 2016 and has risen over 200% in the last year. The ratio of solar electricity production against all electricity production increased to 0.97% in 2017, from 0.38% in the previous year. Turkey’s wind power production increased by 15.2% to 17.9mn MWhrs in 2017.
The EBRD has provided €400mn in financing to support Turkey’s Sustainable Energy Financing Facility (TurSEFF).
The total investments required to meet Turkey’s expected energy demand in 2023 is estimated to be around $110bn, more than double the total amount invested in the last decade.
• Akfen Renewables: The energy arm of the Turkish con- glomerate by the same name owns several renewable energy resources. In September the company signed a $102mn loan deal with the EBRD to construct four new wind farms and nine solar PV plants with a combined capacity of 327MW. The wind farms have a total capac- ity of 242 MW: Ucpinar (99 MW), Kocalar (26 MW) and Hasanoba (51 MW) in Canakkale, a province in northwest-
ern Turkey on the Dardanelles Strait, and Denizli (66 MW) in the eponymous province in the southwest of the coun- try. The nine new solar photovoltaic plants in five locations across Turkey with a combined capacity of 85MW.
• World’s biggest offshore wind farm: In June the govern- ment started accepting bids to build a 1,200MW offshore wind farm – the worlds biggest. Turkey’s Ministry of Energy and Natural Resources has officially set the ceiling for the price of one megawatt-hour at $8. Turkey has identified locations in the Marmara region in northwest Turkey strad- dling Europe and Asia and the Thrace region on the Black Sea as the potential sites to host the offshore wind farm.
• Fina wind power projects: GE Renewable Energy and Fina Enerji, owned by Fiba Holding, on March 12 signed an agree- ment to build eight wind projects with installed capacity of 410MW of power by 2020. Fina already has nine wind farms with a capacity of 336MW and four solar energy plants with 25MW. An additional 200MW is due to be complete in the next 24 months. Nine wind power plants with a capacity of 425MW are expected to be completed by 2020 bring the companies total capacity to 761MW within two years.
• Konya solar power plant: In March, a Turkish-South Kore- an consortium placed the best offer to build a 1,000MW solar PV plant near the city of Konya, Central Anatolia. The consortium, made up of Turkey’s Kalyon and South Korea's Hanwha, offered a sell price of 6.99cents/kWh for the electricity to be produced by the $1.3bn solar plant.
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