China’s Dongfang to build wind turbine factory in Turkey
Dongfang Electric Corporation, one of China’s leading wind power technology companies, is preparing to invest nearly $250 million in a turbine factory in Turkey.
Turkish energy and natural resources minister Alparslan Bayraktar announced the news in a post on social media platform X.
Dongfang intends to build a wind turbine production facility with an annual capacity of 2,000 megawatts (MW), he said.
Ankara last October unveiled a medium-term energy programme that called for investments of $80 billion to quadruple renewables output to 120,000MW by 2035.
As of August, Turkey had 4,400 turbines in operation, a number set to double in the next decade, according to the Turkish Wind Energy Association.
Turkey could deploy at least 7.5 gigawatts of wind generation capacity in its offshore waters, and domestic technology production is well placed to tap into the regional renewables market, according to the World Bank.
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Turkey has secured concessional financing worth $748 million from the World Bank to modernise and expand its power transmission infrastructure through large-scale solar and wind projects.
In June Turkey and China extended their currency-swap agreement to promote trade in local currencies and reduce reliance on the US dollar.
Turkey released a three-year economic plan in September, acknowledging its difficulties such as slower growth, rising inflation and a widening trade deficit.
