The site will become home to a world class, high technology factory for the manufacture and distribution of wind turbine blades, and is expected to bring up to 450 skilled technical jobs to the area.
These will range from manufacturing operations, to technical engineering, services, administration and ancillary support.
BOSBI president Hüseyin Vatansever said: "This is a breakthrough deal for us.
"Even in a highly competitive global market, we have always had vision and believed that we were capable of attracting world class enterprises to the area. It is particularly gratifying to bring a company like LM Wind Power, which is a leading player in the renewable energy industry and manufactures a high technology product for local and world markets.
"It marks the beginning of new 'hub for green industry', which signals a prosperous future for the zone, the city of Bergama, for Izmir and for the wider Turkish economy."
LM Wind Power industrialization vice president Ben Malefijt said: "It is a great pleasure to be able to break ground for a new plant here in Bergama and we look forward to supporting the development of the area with the local authorities and business partners.
"In addition to the obvious geographical and logistical benefits this region presents, there's a noteworthy local talent pool which can benefit from the opportunities. LM Wind Power has an excellent track record for growing and retaining local people from the communities wherever we operate. We expect to do the same here in Bergama."
LM Wind Power's investment in Turkey is supported by firm contractual commitments from a major customer. The factory ramp up to production is expected to start by mid-2017 with an annual capacity of 500 MW and an efficient way to expand to 2 GW. The new plant in Turkey will be the 14th LM Wind Power blade manufacturing facility worldwide.
