During 2007, Berggruen Holdings decided to invest in the renewable energy sector in Turkey, choosing hydro electric and wind power as the initial entry to the sector.
As of today, Berggruen Holdings own 4 wind power licenses with a total MW capacity of 242 in the Aegean region of Turkey. Wind measurements for the 4 mentioned licenses will be finalized during 2013, which will be followed with the finalization of turbine selection and construction phases for the projects.
Apart from these 4 licenses, Berggruen is in the process of getting licenses for several run-of-the-river type hydro projects on the same stream in central Anatolia.
BH continues to seek new as well as complimentary investment opportunities in the Turkish energy sector.