Saudi ACWA Power aims to build 340 MW wind plant in Turkey
ISTANBUL - Reuters
AA photoSaudi Arabia-based power and water project developer ACWA Power is aiming to build a 340 megawatt (MW) wind power plant in Turkey, the head of its Turkish operations told Reuters, as Riyadh and Ankara seek to deepen their energy ties.
Abid Hussain Malik, head of ACWA Power’s Turkish unit, said in an interview late Oct. 12 that the company wants to diversify into renewables in Turkey.
“(Provided) that the license is awarded this year as we project, we want to invest in a 340 MW capacity wind power plant,” he said.
Turkey regularly allocates renewable power investment licenses but companies are usually awarded less than they ask for because investment demand outstrips government quotas.
In another sign of deepening ties, Saudi Aramco signed memoranda of understanding on Oct. 11 with 18 Turkish firms primarily in construction, power generation and related services, enabling them to bid for Aramco projects.