Solar Energy

Turkey Challenges China's Solar Energy Dominance with Rapid Expansion

Turkey has added an impressive 4.7 GW of solar power capacity since the beginning of the year, positioning itself as a significant player in the global solar market. Major local companies like Kalyon Energy and Smart Solar Technologies are driving this growth, supported by substantial government subsidies and investment in domestic technology.

Kalyon Energy is expanding its solar module factory in Ankara with a $100 million investment and is working on a 390 MW photovoltaic project, backed by a €249 million loan guaranteed by UK Export Finance and Poland's KUKE. The project will see British and Polish companies supplying critical equipment.

Meanwhile, Smart Solar Technologies has commenced solar cell production at its new facility in Aliaga, Izmir, with a capacity of 800 MW annually. The company aims to penetrate the global market, including the US and EU.

Turkey's total installed solar capacity has now surpassed 16 GW, with a goal of reaching 32.9 GW by 2030. This rapid expansion is challenging China's dominance in the sector, with Turkey focusing on self-sufficiency and local production.

Source: Economic.bg

Ukraine's Largest Foreign Investment in Lviv: €75M Wind Farm Begins Operations

The Lviv region’s largest foreign investment during the full-scale war, a €75 million wind farm, has commenced operations. The project was a joint effort, with the Czech company MND and Ukraine’s Eco-Optima each contributing 50%. The wind farm, featuring 10 turbines, transmits electricity via a 14-kilometre line to

Greenyard Logistics Polska to Install 2 MWp Solar System at Żabia Wola Facility Using PV-as-a-Service Model

Greenyard Logistics Polska, part of the international Greenyard group, is set to install a photovoltaic (PV) system at its logistics center in Żabia Wola, near Warsaw, as part of its sustainability efforts. The company specializes in food logistics, supplying fresh and processed produce to major European retailers, with an annual

Citadele Bank Grants €12.99 Million Financing for Solar Park Construction in Latvia

Citadele Bank has provided financing of €12,998,700 for the construction of solar energy parks in Latvia. The project is led by Estonian renewable energy producer SIA “Evecon,” in partnership with Swedish investment fund “Niam Infra.” The initiative will establish 11 solar parks with a total capacity of 110

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