In May 2012, Chinese wind turbine supplier Sinovel Wind Group revealed that it would deliver 72 of its 1.5 MW units to local hydro plant operator Bereket Enerji. This deal follows another frame agreement reached with Turkish real estate developer Ağaoğlu Group in April to supply 600 MW, including its 1.5 MW, 3.0 MW, and 3.6 MW models. The scope of supply includes both turbine supply and O&M under warranty, and around 60% of the financing for the projects will be provided by the China Development Bank (CDB). Key trends in this On Point include: Turkey moves into next phase of larger turbine, more diverse OEM competition. Firmness of Sinovel's orders hinges on local sourcing, CDB financing. IPP proliferation generates turbine demand.
In May 2012, Chinese wind turbine supplier Sinovel Wind Group revealed that it would deliver 72 of its 1.5 MW units to local hydro plant operator Bereket Enerji. This deal follows another frame agreement reached with Turkish real estate developer Ağaoğlu Group in April to supply 600 MW, including its 1.5 MW, 3.0 MW, and 3.6 MW models. The scope of supply includes both turbine supply and O&M under warranty, and around 60% of the financing for the projects will be provided by the China Development Bank (CDB). Key trends in this On Point include: