Germany-based juwi group announced to expand its footprint in the Turkish renewable energy market by constructing 18 solar parks with a total capacity of 18.6MWdc for the Turkish, following the 7.4MW solar power plant built in the city of Denizli by the end of last year. The new phase of solar construction represents an investment of about US$23.5 million from the Koyuncu Group.
Turkish government targeted at installing 10GW of solar in last year’s COP21 climate summit, while there are only approximately 365MW of solar power installed in the country by March 2016.
Turkey has been recognized as one of the most potential solar markets in the world, and juwi is will-positioned in this emerging market as an active foreign EPC contractor since 2014. This year, juwi’s subsidiary juwi Yenilenebilir Enerji A.Ş. will put into service the 18 unlicensed solar energy plants for the Koyuncu Group.
“Half of the 18 projects will be installed in Konya and the other half will be installed in Nevşehir,” Ibrahim Koyuncu, CEO of the Koyuncu Group, states. “We will start constructions in summer and aim to commission all plants by the end of 2016.”
Koyuncu Group estimates that the projects will generate a total of 31 million kWh of clean electricity per year.
Representatives of juwi and the Koyuncu Group closed the deal at the Solarex trade show in Istanbul a few days ago.