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Turkey's electricity index rises as the country eyes added wind, solar capacity



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** Borsa Istanbul electricity index .XELKT rises nearly 2.2% after Turkey's energy minister said the country aims to increase its wind and solar energy installed power, a target that will require an investment of $80 bln

** Shares in renewables-focused energy production companies see large gains, with CW Enerji CWENE.IS and Smart Enerji SMRTG.IS hitting the stock exchange's daily 10% gains cap

** Alfa Solar ALFAS.IS, which also announced acquisitions and a 5.3 mln euro ($5.7 mln) investment in Romania, rises as much as 9.9% while Kartal Yenilenebilir Enerji KARYE.IS gains 5.7%

** Yusuf Dogan, Head of Global Markets Research at Info Yatırım, says geopolitical risks to oil have led investors to seek alternatives in the energy sector, with the minister's statement fuelling the positive sentiment

** Trive Yatırım analyst Yakup Toktamış adds the upcoming Erdogan-Putin meeting, which will reportedly focus on a natural gas hub project in Turkey, is also boosting the sector


($1 = 0.9246 euros)



Reporting by Canan Sevgili, Miraç Eren Dereli

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