Hanwha Q CELLS and Kalyon Enerji win 1GW solar tender in Turkey

Facebook
Twitter
LinkedIn
Reddit
Email
Turkey will also have a 500MW factory accompanying the plant to become operational within 21 months. Credit: meteocotnrol/Phoenix Solar

A 50:50 joint venture formed by ‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS and Turkish firm Kalyon Enerji has been awarded a 1GW local content solar project in the Karapınar region in Turkey at a tariff of US$0.0699/kWh.

The price will be valid for 15 years and the solar equipment used must be domestically sourced, according to a release from Gunder, an organization that represents the Turkey section of the International Solar Energy Society.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Gunder president Kutay Kaleli said: “With the conclusion of the competition, Turkey has already made the biggest step towards the establishment of solar energy investments, and more importantly, a domestic and national solar energy industry.

“As a result of this competition, the price quotation for the 19th round was below the psychological limit of US$0.07/kWh at 6.99 cents.”

Kaleli said the Konya project would require US$1.3 billion investment and is due to start operations within three years. There will also be a 500MW factory accompanying the plant to become operational within 21 months.

The local content rules for the project are significant, especially given that Turkey’s Ministry of Economy opened an investigation into alleged dumping of Chinese solar panels in Turkey last July.

Kaleli also welcomed receiving such a significant investment commitment from a reputable foreign firm in Hanwha Q CELLS. Their’s was the highest foreign commitment participating in the final stages of the tender.

He added: “Also this record low price in the tender was a new indicator that the solar power can compete with other sources of electricity generation.”

Turkey had 899MW of solar installed as of the end of February this year. Most of this came under the unlicensed regulation, with just 12.9MW in the licensed category.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA