GoingToMeet

Renewable Energy in the World

Global warming, increasing pollution and instability in oil prices has long been a headline in all humanity's agenda. It is obvious that the world can no longer continue with existing resources and headed towards renewable energies. The largest target was set by European Union Energy Commission for Renewable Energies especially for wind, water, solar and biofuel.

Right Time to enter Turkish market

* According to OECD reports Turkey's average economic growth rate is forecasted at a steady 7.2% per year up to 2012. Particularly by the expansion of industrial capacities and - in parallel to the increase of the living standards- the rising energy consumption of households an increase of energy demand is estimated of 7.5% to 8.2 % annually for 2008 till 2015. Already for 2009 is a supply shortfall expected. Medium term plans are constructions of about 500 new hydroelectric plants. According to information of the Turkish Ministry of Energy, the rapidly rising demands require investments of at least US $ 3 billion per year.

* The government plans the extension of electricity production through the use of alternative energy sources like wind and solar energy, energy from biogas and biomass, geothermal energy and hydropower (with a water reservoir of a maximum 15 qkm).