Europe
Turkey’s Electricity Index Rises as Energy Minister Aims for Increased Wind and Solar Power
Turkey’s electricity index rises nearly 2.2% after the country’s energy minister announced a target to increase wind and solar energy installed power.
• The target requires an investment of $80 billion.
• Shares in renewable energy production companies see significant gains, with CW Enerji and Smart Enerji hitting the daily 10% gains cap.
• Alfa Solar A ALFAS, which announced acquisitions and a €5.7 mln investment in Romania, rose as much as 9.9%.
• The upcoming Erdogan-Putin meeting, reportedly focusing on a natural gas hub project in Turkey, is also boosting the sector.
