Sector News
Baltic Sea Countries sign declaration for more cooperation in offshore wind

On 30 August 2022 the Heads of Governments and Energy Ministers of the 8 countries around the Baltic Sea met in Copenhagen. They committed to new volumes for the build-out of offshore wind in the Baltic Sea and agreed to cooperate more closely on it and on energy more broadly.
The Baltic Sea has enormous potential for offshore wind. Today it has just 2.8 GW of installed capacity. The 8 countries have now committed to increase that to 19.6 GW by 2030. And they plan to consider a 2040 target at a later stage.
Germany and Denmark are the only Baltic countries with large-scale wind farms in the Baltic Sea and they are determined to further increase their capacity. The other countries are eager to follow soon. Poland wants to have 6 GW by 2030 and 11 GW by 2040. Finland wants to have its first large-scale wind farm online by 2026-2027 and another one by 2028. In Sweden 15 GW of projects are currently applying for permits. Some could be online before 2030. And Estonia, Latvia and Lithuania all want to commission their first offshore wind farms before 2030 too.
It is crucial that the Baltic region looks into alternative energy sources. Much of the region has been dependent on Russian energy imports until recently. Installing more offshore wind will accelerate the phase-out of Russian fuel and increase the region’s energy security. With this declaration countries acknowledge this.
It is crucial that the Baltic region builds out it renewables. Much of the region has been dependent on Russian energy imports until recently. Installing more offshore wind will accelerate the phase-out of Russian fuel and increase the region’s energy security. The 8 countries have explicitly acknowledged this today in their joint declarations: One at Prime Ministers and the other at Energy Minister level.
They also recognise that they need to speed up permitting. Long bureaucratic processes slow down the realisation of projects. The commitments on wind will only be delivered if the permitting rules and procedures are simplified. And we need a strong European supply chain. For the development of offshore wind this also requires massive investments in offshore grid infrastructure, port facilitates and vessels.
Cross-border cooperation will also be of utmost importance. Germany and Denmark have already shown that cross-border offshore wind projects are possible with their Kriegers Flak project. And Denmark has ambitions to connect more of its offshore wind farms in the Baltic Sea to the German grid too.
It is great that the Governments agreed to explore joint cross-border renewable energy projects and identify further infrastructure needs to facilitate the expansion of offshore wind. Cross-border hybrid projects will also ensure more energy security by improving electricity flows. And especially for those countries not well interconnected with the rest of the European grid it will also bring down prices.
To reach climate neutrality by 2050 offshore wind needs to grow from 15 GW in the EU today to 300 GW by 2050. Over the same period the EU wants onshore wind to grow from 173 GW to 1000 GW. The European wind industry will continue to ensure the expansion of offshore and onshore wind goes hand in hand with the protection of biodiversity and in dialogue with local communities and other stakeholders.
WindEurope CEO Giles Dickson said: “The Baltic Sea will be a key part of Europe’s build-out of offshore wind. Today’s summit brings important new commitments from the 8 Baltic Governments. And it’s good they recognise the key role of cross-border collaboration. This’ll be essential, especially on grid development and maritime spatial planning. And it’s important the 8 countries support investments in the offshore wind supply chain and in ports and other logistics infrastructure, using the significant EU recovery funds that are available.”
Sector News
Two experienced figures in wind energy join forces for a strategic collaboration

Two experienced professionals in Türkiye’s wind energy sector are taking their long-standing relationship to the next level through a strategic collaboration. Alper Kalaycı, Co-Founder of EnconIQ Energy Consultancy Ltd., and Levent İshak, Co-Founder of Lewind Energy Consultancy Ltd., will collaborate to develop new projects and improve the performance of existing wind power plants.
Kalaycı and İshak, whose friendship dates back to their studies at Dokuz Eylül University’s Department of Mechanical Engineering in 1991, are carrying nearly 35 years of shared experience into this new partnership. Both have been actively involved in the wind energy sector since 1998 and aim to further leverage their accumulated expertise through this collaboration.
By combining their complementary capabilities, the two will work together on both the development of new investments and the enhancement of operational efficiency in existing wind power plants.

Türkiye’s targets provide momentum for the sector
Commenting on the collaboration, Alper Kalaycı highlighted Türkiye’s energy transition:
“In line with our country’s 2035 targets, we need to increase our current wind installed capacity by approximately three times. This clearly demonstrates the strong growth potential of our sector. In the coming period, significant opportunities are expected both in new investments and in local manufacturing. With this collaboration, we aim to make more effective use of these opportunities.”
Operation and maintenance play a critical role
Levent İshak emphasized the importance of the operational phase:
“One of the most significant cost components in wind energy projects is operation and maintenance. Structuring these processes correctly from the outset, designing contracts accordingly, properly identifying risks, and managing them effectively are of great importance. Ensuring that this structure is implemented correctly during operation is critical for long-term performance. With this collaboration, we aim to create value both in structuring long-term contracts for new projects and in improving the performance of existing power plants.”
Complementary expertise, shared vision
The collaboration brings together Alper Kalaycı’s experience in manufacturing, localization, and project development with Levent İshak’s expertise in turbine supply, maintenance, service, and operations, aiming to create a strong synergy within the sector.
Sector News
ENERCON and POLAT Enerji strengthen their long-standing partnership

ENERCON will supply wind turbine technology for another major project in Türkiye. For the “Balıkesir 1” wind farm in the northwest of the country, operator Polat Enerji has ordered 23 wind turbines of ENERCON’s new flagship model, the E-175 EP5 E2. The supply contract was signed on 27 April in Istanbul. With a total capacity of 161 MW, the wind farm is part of the YEKA 5 tender, for which Polat Enerji recently received the award from the Turkish Ministry of Energy.
“We have enjoyed a long-standing and close cooperation with Polat Enerji in the expansion of wind energy in Türkiye,” said Udo Bauer, CEO of ENERCON. “With ‘Balıkesir 1’, we will have jointly realised more than 1 gigawatt of installed capacity in Türkiye. We intend to continue this partnership for the energy transition together in the future. We are very pleased to implement the ‘Balıkesir 1’ project together using our new E-175 EP5 E2 turbine model.”
“Our journey began a quarter-century ago with an early and firm belief in Türkiye’s renewable energy potential,” said Evren Güvenç, CEO of Polat Enerji. “Today, Polat Enerji has evolved into a strategic player managing high-scale investments across Türkiye and Europe. The Balıkesir 1 project, secured through the YEKA tenders, is a testament to our continuous growth; for us, leadership is defined by more than just increasing installed capacity. We measure our progress not only by power output but by our optimisation capabilities and system flexibility. By leveraging our end-to-end expertise – from investment to operation – we are reinforcing our position as a pioneering actor shaping the transformation of the entire energy landscape.”
The E-175 EP5 E2 is ENERCON’s new top model. With a rated power of 7.0 MW and a rotor diameter of 175 metres, it is one of the most powerful onshore wind turbines in Europe in terms of energy yield. The E-175 EP5 E2 is also a central pillar of the company’s market strategy and forms the basis of the solution portfolio with which ENERCON supports its customers.
The supply agreement for the “Balıkesir 1” wind farm marks another milestone in the market launch of the E-175 EP5 E2 in Türkiye. The country is an important international strategic target market for ENERCON. To supply Turkish wind farm projects with the new E-175 EP5 E2, ENERCON will continue its proven localisation strategy with long-standing Turkish production partners and will also manufacture selected main components of the new top model in the country in the future.

“This allows us to meet the local content requirements of the Turkish tender system,” said Arif Günyar, Regional Head of the Central Asia / Middle East / Africa (CAMEA) region. “We are fully committed to the Turkish market and to the energy transition in Türkiye. We look forward to opening a new chapter of cooperation with Polat Enerji as well as with other Turkish customers and interested parties.”
Construction of the “Balıkesir 1” wind farm is scheduled to begin in September 2027, with commissioning expected by the end of December 2027. A total of 23 wind turbines will be installed on steel towers.
Sector News
Mature Capital Provided Advisory Services for the Gülle Wind Power Plant Project

Gülle Entegre Tekstil İşletmeleri, one of Türkiye’s leading integrated yarn and fabric manufacturers with 55 years of experience, has signed a wind turbine supply and service agreement with Goldwind for the Gülle Wind Power Plant (WPP) Project. The project aims to meet the energy consumption of its production facilities located in Ergene, Tekirdağ.
According to the agreement, the project, located in the Ergene district of Tekirdağ, will utilize Goldwind’s GW155-4.8MW turbine model, featuring a hub height of 110 meters, a capacity of 4.8 MW, and a rotor diameter of 155 meters. The agreement also includes a 10-year full-service package covering maintenance and availability services.
The Gülle WPP Project is planned to be commissioned in December 2026. Upon completion, the plant is expected to reach an annual electricity generation capacity of approximately 16 million kWh.
Mature Capital has provided two-phase advisory services to Gülle Entegre Tekstil from the initial concept stage of the investment. In the first phase, project development, advisory services included the preparation of economic and technical feasibility studies in line with current investment conditions, as well as strategic and procedural guidance on regulatory and permitting processes (such as EPDK, EIA, zoning, and grid connection procedures).
In the second phase, once the project reached a certain level of maturity in terms of permits, Mature Capital provided advisory services for wind turbine selection, final supplier decision-making, and the negotiation of turbine supply and service agreements.

Habib Babacan, General Manager of Mature Capital
Commenting on the agreement, Habib Babacan, General Manager of Mature Capital, stated:
“We are very pleased to see the outcome of our efforts and work materialize with this important agreement, which marks the realization of our approximately three-year collaboration with our investor, Gülle Entegre Tekstil.
We would like to thank the Goldwind Türkiye team for their cooperation and support during the contract phase, and our investor Gülle Entegre Tekstil for their trust in Mature Capital. We wish the Gülle WPP Project to be beneficial for both parties.”
About Mature Capital
Since 2022, Mature Capital has been exclusively focused on the wind energy sector, providing advisory services to investors in the areas of business development, project development, strategy formulation, and project transfer (M&A) for wind power projects.
In its fourth year of operation, the company has continued to expand its activities and has successfully completed 18 advisory projects with 15 different investor groups since its establishment.
Mature Capital will continue to provide high-quality and reliable services to wind energy investors in Türkiye.
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