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Volvo Car Türkiye Shifts Focus to Electric Models, Phases Out China-Made Sedans Amid New Tariffs

Volvo Car Türkiye Shifts Focus to Electric Models, Phases Out China-Made Sedans Amid New Tariffs

Volvo Car Türkiye is set to make a significant strategic shift in 2024 by halting the import and sale of its sedan models produced in China. This decision is in response to newly imposed customs tariffs that levy a 40% additional duty on all vehicles imported from China, regardless of

Ganfeng to Invest $500 Million in Turkish Lithium Battery Project

Ganfeng to Invest $500 Million in Turkish Lithium Battery Project

Ganfeng, a leading global supplier of lithium metal, is establishing a joint venture in Turkey with an investment plan of approximately $500 million for a lithium battery project. The Chinese company's subsidiary, Ganfeng LiEnergy, has signed an agreement with Turkish firm Yigit Aku Malzemeleri Nakliyat Turizm Insaat Sanayi

Turkey's Ankara Solar Launches Walkable PV Flooring for Global Markets

Turkey's Ankara Solar Launches Walkable PV Flooring for Global Markets

Ankara Solar Energy, a Turkish module manufacturer, has introduced its PV Floor brand, featuring walkable solar panels designed for residential and commercial use. The PV Floor products, available in 30 W (PVF-08-30W) and 120 W (PVF-32-120W) models, are equipped with anti-slip glass and are now being marketed in Europe and

Clifford Chance Assists Erste Group Bank AG and BCR in €214M Wind Project Financing

Clifford Chance Assists Erste Group Bank AG and BCR in €214M Wind Project Financing

A multi-jurisdictional team from Clifford Chance has advised Erste Group Bank AG and BCR on the €214 million financing for the development of a 99.2 MW onshore wind project acquired by Nala Renewables from OX2. The deal includes a 12-year Power Purchase Agreement (PPA) with a multinational corporation. The

Ukraine Requires $20 Billion to Achieve 27% Renewable Energy by 2030

Ukraine Requires $20 Billion to Achieve 27% Renewable Energy by 2030

Ukraine has launched an ambitious $20 billion plan to boost the share of renewable energy in its energy mix to 27% by 2030. This move is a direct response to the extensive damage caused by Russian missile and drone attacks, which have crippled half of Ukraine’s energy-generating capacity. On

SPAR Hungary boosts solar capacity with new investment in Pécs

SPAR Hungary boosts solar capacity with new investment in Pécs

SPAR Hungary has invested 80 million HUF (€204,714) to upgrade its INTERSPAR Hypermarket in Pécs with advanced photovoltaic systems and a smart battery storage unit. This investment, aimed at enhancing energy efficiency, follows the company’s ongoing commitment to environmental sustainability. The photovoltaic system installed at the Pécs hypermarket

Moldova Launches First-Ever Tender for 105MW Onshore Wind and 60MW Solar Capacity

Moldova Launches First-Ever Tender for 105MW Onshore Wind and 60MW Solar Capacity

The Republic of Moldova has initiated its first tender for the construction of up to 105MW of onshore wind and 60MW of solar photovoltaic capacity. Investors can submit multiple bids across different projects, provided each bid meets the requirement of a financial guarantee. For consideration, solar projects must have a