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19
Apr
2017
Kalyon-Hanwha win 1-GW project in Turkey at USD 69.9/MWh

Kalyon-Hanwha win 1-GW project in Turkey at USD 69.9/MWh

19 Apr 2017


March 20 - The Kalyon - Hanwha Group consortium won Turkey’s tender for a 1-GW solar park in Karapınar today, offering a power take-off price of USD 0.0699 (EUR 0.065) per kWh. The power purchase contract for it will be awarded for 15 years.

The total investment in the huge photovoltaic (PV) project in the Konya province is estimated at USD 1.3 billion. With the competitive process for solar power the Turkish government wants to stimulate investments in the domestic supply, so there is a strict domestic content requirement for the park at the Karapınar (or Karapinar) Renewable Energy Resource Area (YEKA).

With the winning of the tender, solar major Hanwha Q Cells (NASDAQ:HQCL) and Kalyon Enerji Yatirimlari AS agreed to also build 500 MW of fully integrated PV manufacturing capacity in Turkey, which has to start work in 21 months. The huge solar power generation complex is to be completed in 36 months.

Source: renewablesnow


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