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Oil down as China posts lowest growth in three decades

- Chinese economy grows by 6% in third quarter, marks lowest pace since 1992

18.10.2019 Refining/Petro Chemistry , Stock Market , Asia

Turkey's daily power consumption down 0.04% on Oct.17

- Turkey's electricity exports amount to 7,921 megawatt-hours, while imports reach 2,193 megawatt-hours on Thursday

18.10.2019 Thermal , Stock Market , Turkey

Mexico’s president vows to improve labor standards

- Mexico says it will hold up its end of trade bargain with US, Canada by promoting labor law reforms

18.10.2019 Finance , Americas , General

Turkey: Education, health top priorities of 2020 budget

- Draft budget earmarks $15B for public investment

18.10.2019 Invesments , Turkey , General

Lebanese protest over proposed new taxes

- Government proposal to tax calls over WhatsApp and other apps sparks outrage amid deepening economic crisis

18.10.2019 Finance , Middle East-Africa , General

Gulf of Mexico crude production to continue records: EIA

- Crude output in region estimated to set new records in 2019 and 2020 by averaging 1.9 million bpd and 2 million bpd

18.10.2019 Upstream , Projects , Americas

Brent price down with high crude inventory build in US

- Crude oil inventories in US rise by 10.45 million barrels, much higher than market expectation of 2.88 million barrels

18.10.2019 Refining/Petro Chemistry , Stock Market , Americas

Turkey aims 20,000 MW wind capacity by 2023: TWEA head

- "Turkey's installed capacity in wind energy has surpassed 7,600 MW with 3,500 turbines today," Hakan Yildirim says

17.10.2019 Wind , Invesments , International Organization , Turkey

Oil prices up as OPEC eyes deeper production cuts

- OPEC, allies committed to maintain 'relative stability' in oil market beyond 2020, secretary general says

17.10.2019 Upstream , Stock Market , International Organization , Middle East-Africa

AA energy desk to host Turkey's Wind Energy Assoc. head

- Turkish wind energy sector developments, regulations, and future plans will be up for discussion

16.10.2019 Finance , Wind , Turkey , General

Oil down as China seeks talks before phase one signing

- Beijing wants further phase one talks and asks Washington to cancel another tariff hike planned for December

16.10.2019 Oil , Stock Market , International Relations , Asia , Americas

Turkey strengthens academia-industry cooperation

- Turkish industry ministry continues industry fellowship program to enhance qualified labor force

15.10.2019 Projects , Invesments , Turkey

US imposes sanctions on Turkey over Syria operation

- Designation follows Trump's pledge to issue executive order authorizing possible imposition of sanctions

15.10.2019 Finance , Turkey , Americas , Middle East-Africa

S. Arabia and Russia to boost energy cooperation

- "Working with the Kingdom on oil and gas is the first step toward a new alliance," Russian Energy Min.

15.10.2019 Finance , Invesments , Energy Security , Energy Projects , Asia , Middle East-Africa

Oil down as US, China phase one deal fails to impress

- Most analysts view first phase of trade deal as temporary truce as it fails to address major points of dispute

15.10.2019 Oil , Stock Market , International Relations , Asia , Americas

China, India agree to set up mechanism for trade

- 2nd informal summit between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held in India

14.10.2019 Stock Market , Asia

Brent oil up 3% over week as OPEC considers deeper cuts

- OPEC+ will take "appropriate, strong, positive" decisions in December meeting, OPEC head says

12.10.2019 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

'Fiscal policies will get priority on global agenda'

- Interest rates cut to continue until second half of 2020, says chief economist at Industrial Development Bank of Turkey

11.10.2019 Finance , World

UK, Ireland premiers 'see a pathway' to Brexit deal

- Boris Johnson, Leo Varadkar hold 'detailed and constructive discussion' on Brexit

11.10.2019 Finance , Energy Diplomacy , Europe

US, China to meet Thursday to overcome tariff war

- Negotiations come before US tariffs scheduled for Oct. 15

11.10.2019 Finance , Asia , Americas

Oil prices down as US' crude inventories, production up

- World's top producer saw its crude output climb up to fresh record high of 12.6 million barrels per day

10.10.2019 Refining/Petro Chemistry , Stock Market , Americas

Global oil production falls in September 2019

- OPEC crude oil production decreases by 1,318 million barrels per day to average 28.49 million, OPEC report says

11.10.2019 Oil , Finance , Middle East-Africa , General

US crude oil production breaks new record high

- Crude output reaches all-time high of 12.6 million barrels a day

11.10.2019 Oil , Finance , Americas , General

Qatar to store more than 5M tons of CO2 a year by 2025

- Country expanding carbon capture and storage facility while increasing liquefied natural gas capacity

09.10.2019 Lng/Lpg , Projects , Middle East-Africa

EIA lowers oil price forecasts for 2020 by $2 a barrel

- Brent is expected to average $60 per barrel next year, down from previous estimate of $62

10.10.2019 Upstream , Stock Market , Americas

Significant uncertainty over Europe wind power capacity

- Ambitious National Energy & Climate Plans, improved permit measures and investments in new grid capacity all keys to growth

08.10.2019 Wind , Projects , Energy Projects , Europe

UK seeking stronger post-Brexit trade with Turkey

- British Chamber of Commerce in Turkey is heavily promoting Turkey in energy and technology to UK companies

09.10.2019 Wind , Solar , Invesments , Turkey , Europe

Oil prices rise as OPEC delays cutting output further

- Group chief says it is early to consider cutting oil production further

09.10.2019 Upstream , Stock Market , International Organization , Middle East-Africa

Trump threatens Turkey with economy ruin

- US president vows to 'totally destroy and obliterate the Economy of Turkey' if Ankara takes action he deems 'off limits'

08.10.2019 Finance , Turkey , Americas

India obtains details of residents’ Swiss bank accounts

- Particulars of accounts shared under automatic information exchange framework between two countries

08.10.2019 Finance , Asia

Denmark to send $7.3M to clear mines in Syria

- Stabilization efforts needed in Syria to win peace, to prevent Daesh from coming back, Danish foreign minister says

07.10.2019 Finance , Europe , Middle East-Africa

Spot market electricity prices for Monday, Oct. 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 106.59 million Turkish liras

07.10.2019 Electricity , Finance , Turkey , General

Turkish firm starts exporting heating fabrics

- Iltema made its first heating fabric exports to Germany for first time, says firm's co-founder

06.10.2019 Finance , Turkey , General

Turkey's daily power consumption down 0.44% on Oct. 4

- Turkey’s electricity exports amount to 8,457 megawatt-hours, while imports reach 3,668 megawatt-hours on Friday

06.10.2019 Coal , Stock Market , Turkey

Oil rig count in US falls for seventh consecutive week

- Number of oil rigs in US down 17.5% year-over-year

06.10.2019 Upstream , Stock Market , Americas

Oil heads for 5% weekly loss with weak data, low demand

- Manufacturing PMI in US, China, Germany prompt weak growth, low oil demand for rest of 2019

05.10.2019 Downstream , Stock Market , International Relations , Europe , Americas

Oil recovers after weak US data prompts slowdown

- Non-manufacturing PMI, factory orders drop in US, signaling lower crude demand for remainder of year

04.10.2019 Downstream , Stock Market , Americas

Chevron sets new greenhouse gas reduction goals

- American multinational Chevron plans to reduce emission intensity from oil and natural gas production

04.10.2019 Natural Gas , Finance , Renewable , Americas , General

Eni boosts investments in Australian solar projects

-Eni's new solar projects in Australia to supply clean energy to over 5,000 homes each year

03.10.2019 Finance , Solar , Asia , General

Turkey needs to invest $7B yearly for energy transition

- Annually investment volume varies from $5.3B to $7B by 2030, requiring average annual financing of $3.6-4.5B, report finds

04.10.2019 Renewable , Invesments , Turkey

Oil prices down as US prepares for tariffs on Europe

- Washington to impose tariffs on $7.5 billion worth of European goods

03.10.2019 Oil , Stock Market , International Relations , Europe , Americas

North Korea claims it fired new type of SLBM

- Pyongyang reveals details of previous day's missile test

03.10.2019 Finance , International Relations , Asia

Venezuela to use cryptocurrency amid US sanctions

- Petro will be ‘epicenter of the development of a new economy in the country,’ says President Nicolas Maduro

03.10.2019 Finance , Energy Security , International Relations , Americas

Palladium hits record with decline in gold, silver

- The metal soars to new highs despite contraction in Chinese auto industry

03.10.2019 Stock Market , Asia , Americas

Oil prices up as weak US data drives dollar down

- Manufacturing Purchasing Managers Index in US marks lowest level since June 2009

02.10.2019 Upstream , Stock Market , Americas

Oil prices to see high levels, Saudi crown prince warns

- "... oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes," Mohammed bin Salman said

02.10.2019 Refining/Petro Chemistry , Stock Market , Energy Security , Middle East-Africa

Oil prices recover from one month low

- From July to September, crude prices recorded worst quarterly decline this year

01.10.2019 Refining/Petro Chemistry , Stock Market , Energy Security , Middle East-Africa

EBRD to introduce new energy efficiency finance model

- Bank is working on a new financing mechanism for energy efficiency investments in Turkey, official says

01.10.2019 Electricity , Invesments , Turkey

Turkey's daily power consumption up 14.34% on Sep. 30

- Turkey’s electricity exports amount to 7,560 megawatt-hours, while imports reach 5,749 megawatt-hours on Monday

01.10.2019 Electricity , Finance , Turkey , General

IMF names Kristalina Georgieva as new head

- Bulgarian economist and former World Bank CEO to take up position as managing director on Oct. 1

27.09.2019 Finance , World

US sees largest weekly gasoline price jump in two years

- 'Gasoline prices in the US tend to follow price movements of the global crude oil benchmark Brent,' EIA says

27.09.2019 Refining/Petro Chemistry , Stock Market , Energy Security , Americas , Middle East-Africa

Spot market natural gas prices for Tuesday, Sept. 24

- 1,000 cubic meters of natural gas in spot market cost 1,503.48 Turkish liras on Tuesday

26.09.2019 Natural Gas , Finance , Turkey , General

Oil prices down as Saudi Arabia's supply concerns ease

- Saudi Aramco's output to be fully back online by end of September

25.09.2019 Refining/Petro Chemistry , Stock Market , Middle East-Africa

Iconic British tour operator Thomas Cook collapses

- British government says bookings and flights with the operator stand cancelled affecting 150,000 travelers

23.09.2019 Finance , Europe

- ‘Turkey wants to be producer of new technologies’

- Turkey wants to be producer of new technologies, not the market, says Turkish Vice President

23.09.2019 Finance , Projects , Invesments , Turkey

UK to spend £6B for climate-vulnerable countries

- Combating climate change is one of ways to protect global peace, says British high commissioner

23.09.2019 Finance , Renewable , Europe , General

Spot market electricity prices for Sunday, Sept. 22

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 96.16 million Turkish liras

22.09.2019 Electricity , Finance , Turkey , General

Spot market natural gas prices for Friday, Sept. 20

- 1,000 cubic meters of natural gas in spot market cost 1,502.19 Turkish liras on Friday

22.09.2019 Natural Gas , Finance , Turkey , General

Oil rig count in US falls by 14 this week

- Number of US oil rigs falls to 719

21.09.2019 Oil , Finance , Americas , General

Russia, China veto UN Idlib cease-fire resolution

- Moscow says draft resolution on Idlib cease-fire 'an attempt to take the heat off the terrorists'

21.09.2019 Finance , Europe , Asia , General

Turkey showed great resilience from last summer: Expert

- Country's sovereign balance sheet, low government debt, private banks in relatively good shape, says Fitch Ratings official

20.09.2019 Finance , Turkey , Europe , General

Turkey's daily power consumption up 0.33% on Sept. 18

- Turkey's electricity exports amount to 5,679 megawatt-hours while imports reach 3,484 megawatt-hours on Wednesday

20.09.2019 Electricity , Finance , Turkey , General

Spot market natural gas prices for Wednesday, Sept. 18

- 1,000 cubic meters of natural gas in spot market cost 1,500.43 Turkish liras on Wednesday

20.09.2019 Electricity , Finance , Turkey , General

Oil rises with US due to levy more sanctions on Iran

- US will announce sanctions on Iran over the next 48 hours, Trump says

20.09.2019 Upstream , Stock Market , International Relations , Americas , Middle East-Africa

US crude oil inventories rise for w/e Sep. 13

- Crude oil production unchanged at around 12.4 million barrels per day

19.09.2019 Oil , Finance , Americas , General

Brent crude below $65 as Saudis to restore oil supply

- Saudi Aramco to meet orders through drawdown of strategic stocks, energy minister says

18.09.2019 Upstream , Stock Market , Middle East-Africa

Turkey to speed up efforts for EU visa liberalization

- Turkish president issues circular in Official Gazette to accelerate process of visa liberalization dialogue with bloc

18.09.2019 Finance , Eurasia

Turkish Treasury borrows $660M through auctions

- Treasury and Finance Ministry holds 2 auctions for domestic markets to issue government bonds

18.09.2019 Finance , Stock Market , Turkey

Record US gas production pushes prices to 20-year lows

- Gas prices between June 1 and Aug. 31 averaged $2.28 per million British thermal unit

18.09.2019 Upstream , Stock Market , Americas

Oil prices up as Saudis struggle with rapid recovery

- Kingdom looking at months for a full recovery in production

17.09.2019 Refining/Petro Chemistry , Stock Market , Energy Security , Middle East-Africa

Oil to climb $75 a barrel if Saudi outage lasts 6 weeks

- "These events represent a sharp escalation in threats to global supply with risks of further attacks," Goldman Sachs says

17.09.2019 Refining/Petro Chemistry , Stock Market , Energy Security , Americas , Middle East-Africa

Turkey's daily wind power generation hits record

- Nearly 19 percent of total electricity was generated from wind farms on Sunday

17.09.2019 Electricity , Finance , Wind , Turkey , General

Spot market natural gas prices for Sunday, Sept 15

- 1,000 cubic meters of natural gas in spot market cost 1.460,48 Turkish liras on Sunday

16.09.2019 Electricity , Finance , Turkey , General

Nuclear watchdog's annual conference to begin Monday

- Officials from International Atomic Energy Agency member states to discuss range of issues in Vienna

16.09.2019 Finance , Nuclear , Europe , General

Turkey's daily power consumption down 11.61% on Sept. 15

- Turkey's electricity exports total 3,474 megawatt-hours while imports reach 7,636 megawatt-hours on Sunday

16.09.2019 Electricity , Finance , Turkey , General

Oil prices soar as drone attacks cut Saudi production

- With 6% of global oil supply under threat, prices climb to highest level in four months

16.09.2019 Refining/Petro Chemistry , Stock Market , Energy Security , Middle East-Africa

Spot market electricity prices for Sunday, Sept 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 95.69 million Turkish liras

15.09.2019 Electricity , Finance , Turkey , General

Exporters use Turkey's Export Master Plan as road-map

- Turkish companies should make value-added products, Foreign Economic Relations Board member says

14.09.2019 Finance , Turkey , General

Oil rig count in US falls by 5 this week

- Number of US oil rigs retreats to 733

15.09.2019 Oil , Finance , Americas , General

Oil prices down to $60 at week ending Sept. 13

- Oil prices fall Friday due to OPEC's postponement of decision to agree further output cuts until next meeting in December

13.09.2019 Oil , Finance , Middle East-Africa , General

Spot market electricity prices for Saturday, Sept 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 129.89 million Turkish liras

13.09.2019 Electricity , Finance , Turkey , General

Spot market natural gas prices for Thursday, Sept 12

-1,000 cubic meters of natural gas in spot market cost 1,481.45 Turkish liras on Thursday

13.09.2019 Natural Gas , Finance , Turkey , General

Environmentalists gear up for global climate strike

- Fossil fuel beginning to lose fight, says founder of 350

14.09.2019 Finance , Renewable , General

Oil down as OPEC postpones bigger cuts until December

- Cartel and allies put off further cuts until next ministerial meeting in early December

13.09.2019 Upstream , Stock Market , International Organization , Middle East-Africa

European CB cuts key rate, to resume bond-buying

- ECB's Draghi says interest rates to remain at current or lower levels until Eurozone inflation reaches target rate of 2%

13.09.2019 Finance , Europe , General

S. Arabia, Greek Cypriots seek to boost bilateral ties

- "We need to take advantage of the economic opportunities that our two countries offer": Saudi Foreign Minister

13.09.2019 Invesments , Energy Security , International Relations , Middle East-Africa

Brent oil down after Trump hints easing Iran sanctions

- "I do believe they’d like to make a deal," US President says about Iran

13.09.2019 Oil , Stock Market , International Relations , Americas , Middle East-Africa

Spot market electricity prices for Thursday, Sept 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 148 million Turkish liras

12.09.2019 Electricity , Stock Market , Turkey

Spot market natural gas prices for Tuesday, Sept 10

-1,000 cubic meters of natural gas in spot market cost 1,466.09 Turkish liras on Tuesday

12.09.2019 Downstream , Stock Market , Turkey

Global oil supply up in August 2019

- OPEC crude oil production in August increases by 136 thousand barrels per day to average 29.74 million barrels per day

12.09.2019 Oil , Finance , Middle East-Africa , General

EIA lowers oil price forecasts for 2020 by $3 a barrel

- Brent is expected to average $62 per barrel next year, down from previous estimate of $65 a barrel

11.09.2019 Upstream , Stock Market , Americas

Oil prices mixed after decline in crude stocks

- API data shows US crude stock plunge of 7.2 million barrels, higher than estimate of 2.6 million barrels

11.09.2019 Refining/Petro Chemistry , Stock Market , Americas

'Turkey seeking stronger post-Brexit trade with UK'

- UK is the second-largest destination for Turkish exports, according to TurkStat

11.09.2019 Finance , Invesments , Eurasia

Seoul files WTO complaint over Japan's trade curbs

- South Korea claims it has been unfairly targeted by Tokyo as 'discriminatory act'

11.09.2019 Finance , Asia

Turkey, US aim to achieve trade target in balanced way

- US Commerce Secretary Ross says $100B mutual trade volume target with Turkey to consist of $50B on each side

10.09.2019 Finance , Invesments , Turkey , Americas

EBRD utterly commits to Turkey for long-term

- Bank sees potential of Turkey and aims to be part of country's success story, head of EBRD says

11.09.2019 Finance , Invesments , Turkey

Russia's gas, oil revenues decrease in first 7 months

- Revenue of Russian oil and natural gas exports decrease by 2.9% and 5.3% respectively in January-July period

10.09.2019 Natural Gas , Oil , Finance , Eurasia , General

European wind turbines need upgrades by 2028: WoodMac

-From 2019 to 2028, an average of 4 GW of turbines per year are reaching end-of-design-life

11.09.2019 Finance , Wind , Europe , General

Mexican government releases ambitious 2020 budget

- Plan hinges on hopes country’s economy will grow, oil production will increase

10.09.2019 Finance , Americas

Saudi Aramco chairman appointment aims to speed up IPO

- Yasser Al-Rumayyan's appointment as chairman signals Riyad’s desire to speed company’s initial public offering, expert says

10.09.2019 Oil , Stock Market , Energy Diplomacy , International Organization , Energy Projects , Middle East-Africa

Oman to host 16th Int. Gas Union Research Conf. in 2020

- Timing of event in February comes amid ambitious gas discoveries and booming gas industry

10.09.2019 Natural Gas , Finance , Energy Diplomacy , Middle East-Africa , General

Turkish, US officials discuss steps for $100B target

- Turkish trade minister meets with US commerce secretary in Ankara to address bilateral trade

09.09.2019 Finance , Turkey , General

Turkish Treasury posts $1B cash surplus in August

- Treasury's interest payments last month amounted to nearly $2B, ministry announces

08.09.2019 Finance , Turkey , General

EU economy posts weaker growth performance in Q2

- EU28 and eurozone see 1.4% and 1.2% annual growth rate in 2nd quarter, official data shows

08.09.2019 Finance , Europe , General

Full speed ahead for Istanbul Airport subway line

- Gayrettepe-Istanbul Airport subway project is set to become Turkey's first-high speed metro system, says transport minister

08.09.2019 Finance , Turkey , General

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

EDF adds further €1.5 bln to French nuke plant costs

Belarus may reduce natural gas imports from Russia

Turkey's daily power consumption down 0.04% on Oct.17

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

Spot market electricity prices for Saturday, Oct. 5

Over 100 NGOs ask World Bank to end fossil fuel funding

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

Turkey's daily power consumption down 0.44% on Oct. 4

Valeura's Turkey activities unaffected by Syria operation

Turkey slams trilateral summit on Cyprus issue

Turkish drillship Yavuz reaches Guzelyurt-1 location

Record US gas production pushes prices to 20-year lows

Turkey starts producing oil with fracking: Erdogan

Oil shale has dominant role in Estonia’s energy mix: IEA

Abu Dhabi launches bid round 2 for 5 exploration blocks

‘Ankara to always protect Turkish Cypriots’ rights’

Study shows Turkey is natural gas ready for winter

Spot market natural gas prices for Tuesday, Sept 10

Gas vehicles are cheaper, cleaner, better: Gazprom

Turkey hits LNG import record in 1H19, US LNG soars

Total launches its first large LNG bunker vessel

Russia's LNG exports up 48.9% in Jan-Aug

Qatar to store more than 5M tons of CO2 a year by 2025

Turkey's LPG imports down over 2.14% in July 2019

US crude oil production remains at record high level

Valeura's Turkey activities unaffected by Syria operation

Gulf of Mexico crude production to continue records: EIA

Oil demand to fall in early 2020 before recovery: Report

Oil heads for 5% weekly loss with weak data, low demand

Oil recovers after weak US data prompts slowdown

France to send experts for probe of Saudi oil attack

World to focus on climate summit amid oil tensions

Oil posts mixed week amid refinery maintenance season

Oil down as China posts lowest growth in three decades

US crude oil production remains at record high level

Brent price down with high crude inventory build in US

Baku-Tbilisi-Ceyhan pipeline delivers 3.3 bbl of oil

Ecuador to leave OPEC on January 1st: Energy Ministry

Oil prices decline as Saudis restore majority of output

Kirkuk-Ceyhan oil pipeline Turkey's strategic priority

Turkey aims 20,000 MW wind capacity by 2023: TWEA head

AA energy desk to host Turkey's Wind Energy Assoc. head

Significant uncertainty over Europe wind power capacity

UK seeking stronger post-Brexit trade with Turkey

UK seeking stronger post-Brexit trade with Turkey

Eni boosts investments in Australian solar projects

Google to expand global wind, solar stake via 18 deals

Global renewable power additions to jump 12% in '19: IEA

Hydro provides virtually all of Norway's power in August

Hydro leads in providing most of Norway's power in July

Scotland funds £3.4 million for tidal energy project

Hydro leads in providing most of Norway's power in June

World needs more energy with less emission

Global climate strikers to meet online

3 banks to co-finance Turkey’s largest geothermal plant

Biogas shows potential to reduce emissions by 13%

Gulf of Mexico crude production to continue records: EIA

Turkey strengthens academia-industry cooperation

Qatar to store more than 5M tons of CO2 a year by 2025

Significant uncertainty over Europe wind power capacity

Turkey: Education, health top priorities of 2020 budget

Turkey aims 20,000 MW wind capacity by 2023: TWEA head

Turkey strengthens academia-industry cooperation

S. Arabia and Russia to boost energy cooperation

Oil posts mixed week amid refinery maintenance season

Oil down as China posts lowest growth in three decades

Turkey's daily power consumption down 0.04% on Oct.17

Brent price down with high crude inventory build in US

Hydraulic fracturing sees Turkey enter new energy era

Turkey's crude oil imports up 15.53% in June

Brent to average $69.50 in 2H19: Wood Mackenzie

US crude export levels and destinations rise in 2018

Turkey's daily power consumption up 2.90% on Oct.15

Turkey to restructure $10 billion energy finance in '19

Spot market natural gas prices for Wednesday, Sept. 25

Top 10 wind turbine makers to spend €2.3B on R&D by 2023