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【SMM Analysis: Turkey Signs Agreement on Its First GWh-Scale Energy Storage Power Station Project Scheduled for Operation in 2027 with Chinese Companies】

【SMM Analysis: Turkey Signs Agreement on Its First GWh-Scale Energy Storage Power Station Project Scheduled for Operation in 2027 with Chinese Companies】SMM News on February 23: Recently, Turkey's Progresiva Energy Investments company signed an agreement with Harbin Electric International Engineering Co., Ltd. (HEI), a Chinese power plant equipment manufacturer, for the construction and financing of power storage facilities and wind farms.

Turkish Vice President Fuat Oktay said at a ceremony in Ankara that the project will include Europe's largest energy storage facility with a total investment of $600 million. Oktay said the initial phase of investment has reached $375 million. About $300 million will be obtained from China through Harbin's company, and the remaining part will be financed by Progresiva through equity financing.

Istanbul , Turkey , China , Ankara , Turkish , Chinese , Fuat-oktay , Turkey-progresiva-energy-investments , Harbin-electric-international-engineering-co-ltd , Turkish-investment-office , Progresiva-energy-investments , Vice-president-fuat-oktay

Turkey's Progresiva to sign wind plant deal with China's Harbin Electric

Turkey's Progresiva Energy
Investments will sign an engineering, procurement and
construction deal with China's Harbin Electric International on
Wednesday to build a wind power plant, the company...

China , Turkey , Ankara , Kim-coghill , Jason-neely , Huseyin-hayatsever , Turkey-progresiva-energy-investments , China-harbin-electric-international-on , Reuters , Progresiva-energy-investments , Harbin-electric-international , Can-sezer