BMI View: Despite our CR analysts’ recent downward revision of Turkey’s 2013 GDP forecast, we have maintained our 2013 growth forecasts for the renewables industry, both for generation and capacity, as we believe a number of key fundamentals, that have helped drive the industry up to now, remain in place. That said, we will be monitoring the industry closely over the coming quarter to see if the widespread social unrest adversely affects the investment climate for renewables. Despite the predominance of thermal generated electricity, Turkey’s renewables sector presents significant growth potential across most technologies, including wind, geothermal and solar power. …
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