Siemens wins tender for $1 billion Turkish wind project

Siemens wins tender for $1 billion Turkish wind project

A consortium led by Siemens AG (FWB:SIE) will develop a US$1 billion wind power project in Turkey after it won the tender for the 1,000MW power plant and wind turbines.

The Siemens consortium, which includes Turkey’s Kalyon and Turkerler, submitted a bid of $3.48 cents per kilowatt-hour, and was subsequently chosen ahead of eight other bidders, including Chinese firm Ming Yang, Germany’s Enercon and Vestas of Denmark.

The deal comes at a time of rising geopolitical tensions between Turkey and Germany, however Turkish Energy Minister Berat Albayrak said the award of the wind power contract to Siemens would mark a turning point in bilateral relations.

“The tender ended with a win by German company Siemens. We can say that this picture sends an important message to the region and the world,” he said.

“When the 200-year old cooperation between Turkey and Germany is considered, I think this result will make an important contribution to Turkish-German relations.”

The project is set to come online in 2019 and will increase Turkey’s wind energy production by 17%.