Featured Trade Event: Renewable Energy and Energy Efficiency Executive Business Development MissionSeptember 9, 2011
Renewable Energy and Energy Efficiency Executive Business Development Mission
Ankara, Istanbul, and Izmir, Turkey
In 2010, the federal government’s Renewable Energy Export Initiative identified Turkey as a priority market for U.S. exporters in the renewable energy and energy efficiency industries. This mission will focus on opportunities for U.S. companies active in those fields. Francisco Sánchez, under secretary for international trade, will lead the event and will be accompanied by a senior representative from the U.S. Export–Import Bank and participants from 15 to 20 U.S. firms.
Turkey’s market is ripe with possibilities for U.S. companies selling renewable energy and energy efficiency products and services. Energy demand in Turkey is expected to grow between 5 and 7 percent annually until 2023. Such growth will require more than $100 billion of investment in power generation, transmission, and distribution. Turkey already has several large geothermal, wind energy, and hydroelectric projects in development and has enacted renewable energy and energy efficiency laws that call for increased investment in those technologies.
Overall, Turkey is a fertile and growing market for U.S. exports. In 2010, the United States exported more than $10 billion in goods to Turkey, a 40 percent increase over 2009. The Department of Commerce projects that this trend will continue in 2011, with U.S. exports to Turkey expected to reach $12 billion.
Participants in the trade mission will benefit from a variety of events tailored to their needs, including 10 to 15 prescheduled meetings with potential partners, distributors, and end users; a networking reception at the U.S. ambassador’s residence; one-on-one meetings with key government decisionmakers; and briefings by energy specialists from the U.S. and Foreign Commercial Service (USFCS) in Ankara, Istanbul, and Izmir.
The cost to participate in the trade mission is $4,055 for large firms and $3,285 for small and medium-sized firms (with 500 employees or fewer). There is a $500 fee for each additional company representative, regardless of company size. Mission participants are responsible for travel, lodging, most meals, and incidentals. Applications must be received by October 17, 2011. For more information about the trade mission, visit its Web site or contact Glen Roberts of the USFCS, tel.: (559) 348-9859; e-mail: firstname.lastname@example.org, or Serdar Cetinkaya of the USFCS, tel.: +90 (312) 457 7203; e-mail: email@example.com.