wind

GAMA Holding, GE joint venture achieves financial close for 35 MW wind plant

GAMA Enerji, a GAMA Holding-GE Energy Financial Services joint venture, has achieved financial close and completed the first drawdown for a 35 MW wind power plant in Akhisar, Manisa, a site located about 40 kilometers from Izmir, Turkey. 
GAMA Holding, GE joint venture achieves financial close for 35 MW wind plant

GAMA Enerji signed a loan agreement with TSKB in Istanbul on July 5, for financing the Gök II wind park, which is expected to reach commercial operation in 2014.

The Gök II wind farm wil be powered by 13 GE 2.75-103 wind turbines, which the developer says offer advanced efficiency and reliability for a broad range of wind conditions and grid connection capabilities.

"GE's 2.75-103 wind turbines are the right machines for medium to high wind conditions in Akhisar, Manisa. The 13 units' power curve will allow Gök II to capture the most wind and provide much-needed additional electricity for Turkey," said Arif Ozozan, board member and CEO, GAMA Enerji. "This is the third GAMA Enerji wind farm in Turkey, and we have the utmost confidence in GE's wide-ranging portfolio of multi-megawatt wind turbines."

The Gök II Wind Power Plant will be the third GE- and GAMA-owned wind farm in Turkey and will help the country reach its goal of generating 20,000 MW of wind energy by 2023.

With the completion of Gök II, the operational wind power capacity of GAMA Enerji's three wind farms will increase to 67.5 MW, the equivalent to the required energy needs of approximately 115,000 Turkish homes.

According to a report by the Energy Market Regulatory Authority of Turkey, the country's annual electricity demand increase is 5.68 percent. In comparison, the annual electricity demand increase in the European Union is only 1.6 percent.

Turkey's energy import dependency is 74 percent, and the three GAMA Enerji–owned wind farms will help increase the country's total installed capacity.

"Turkey is one of the largest wind energy regions in Europe -- with a prospective wind generation capacity of about 48,000 MW," said Mete Maltepe, general manager, GE Power & Water in Turkey. "Much of that potential remains untapped as the existing wind farms produce only about 2,500 MW. The Gök II Wind Power Plant in Akhisar, Manisa, will help Turkey reach its energy goals."

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