Danish energy firms focus on Turkey as virus disrupts supply

More and more Danish companies are focusing on Turkey as a regional hub for sector product and equipment sourcing and exports, according to the Danish Consul General, Anette Snedgaard Galskjot.

Galskjot hailed the Turkish wind industry that "has proven itself in the last decade with a steady increase of around 500 megawatts (MW) each year with an impressive growth that makes it one of the largest in Europe."

The local content rules and renewable energy incentive scheme also supported the localization of the industry to an extent "but there are still areas for further innovation, collaboration and green job creation for sure," Galskjot said.

She said the Strategic Sector Cooperation (SSC) project between Turkey and Denmark both on district heating and offshore wind could facilitate new projects between Turkey and Denmark, also attracting green finance.

"My observation is there are very serious international players in the local industry who are ready to cooperate with Danish companies," she stressed.

The consul-general said that sustainable finance, laws, regulations and economy are critical for further investments in Turkey especially in the renewable energy sector, which she said: "is still very political and depends on incentives."

"I see government to government projects as critical capacity-building tools between the countries and the Strategic Sector Cooperation (SSC) project in Turkey can lead to further investments and finance to Turkey in the renewable energy sector," she noted.

Denmark´s export credit agency, EKF, provides grants for feasibility studies through its EKF Green Accelerator Program from Denmark's Exim Bank to facilitate green transition around the globe with Danish technology and expertise.

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