Conergy launches Turkish solar JV

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Conergy has become the latest international solar firm to reveal its involvement in the burgeoning Turkish PV market.

The downstream specialist today announced the formation of a Turkish joint venture, RKT Conergy, with local construction and telecoms firm, CO Group.

The JV will provide engineering, procurement and construction (EPC), and operations and maintenance (O&M) services for commercial rooftop and ground-mount projects in Turkey.

Initially the company said it would target the unlicensed market, in which it has already built up a pipeline of projects. This segment of the market, which covers projects under 1MW, has become popular with investors due to the bureaucracy involved in securing licences for larger projects.

“We made good progress in building up a pipeline within the unlicensed PV segment and already have 30 MW of secured grid,” said Utku Korkmaz, managing director of RKT Conergy. “With the addition of Conergy, which is both bankable and experienced in the solar sector, we will be able to further strengthen and speed up our project development activities”.

In addition to developing and acquiring projects in Turkey's unlicensed segement, a Conergy spokeswoman said the JV would also participate as a turnkey EPC and O&M provider in projects in the licensed segment, for which various government bidding rounds have been held in recent months and attracted significant interest.

The JV's first projects are expected to be grid connected in the second half of 2015.

“We look forward to expanding our global business to the Turkish market,” said Alexander Gorski, Chief Operating Officer of Conergy. “Further, we are pleased to have the CO Group as our partner in this promising market.”

International firms Belectric and First Solar have been among the companies securing project rights under the tendering system.

This article has been updated from its original version to incorporate new information from Conergy on the expected role of the JV in Turkey's solar market.

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