World is facing the biggest ever problem of energy and everyone is busy in finding alternative resources for production of renewable energy. Recently an Istanbul based company named as Milliyet – Borusan EnBW Enerji, has mutually signed an agreement with Danish company known as Vestas Wind System for supply of tribunes to power new and existing wind farms in Turkey.

The cost of project is estimated up to USD 346 million and it will include five separate wind farms in numerous parts of the state. Moreover, it is known as the biggest ever joint venture for wind energy in Turkey as well as it has been marked as the largest venture in Europe. According to the plan; it has been decided that four new wind farms will be developed in the areas of Bursa, Izmir, Mersin and Canakkale along with expansion of company’s on hand wind parks in Balikesir. The scheduled completion of project has been estimated in 2015 and jointly; it will produce 207 megawatts for the country.

According to reports; Borusan EnBW Energy has planned to achieve 2000 Mega Watts from already installed power units in Turkey by the start of 2020. All power will be generated through renewable energy sources. This statement has been given by Borusan current CEO, Mr. Agah Ugar while he was conducting a press conference after signing the agreement with Vestas. He also expressed that the company will invest USD 3.5 Billion to reach its goal.

It is expected that Turkey’s demand for energy will double by the start of next decade and it will rank among the top electricity consumers in Europe. According to the EnBW CEO Mr. Frank Mastiaux, they are investing in the project as joint venture for fulfilling increasing demands of electricity in the country.

Currently, Borusan EnBW Energy is running two wind farms in Turkey. One is located in Balikesir with a capacity of producing 60 MW and the other one is located in Erzurum province that has capacity of 50 MW. The plant in Balikesir is wind farm and the other one is hydro power plant.

Turkey’s overall established facility is of 62,000 MWs as calculated at the end of 2013 and it is anticipated to increase up to 120,000 MWs by 2023. However, according to estimates; one-third of this capacity will be produced from renewable energy sources.