Hanwha begins solar factory project in Turkey

Home > Business > Industry

print dictionary print

Hanwha begins solar factory project in Turkey

Hanwha Q Cells broke ground on a solar panel production facility in Ankara, Turkey, on Friday.

The company won a bid from Turkey’s Ministry of Energy and National Resources in March to build a factory for solar ingots, wafers, cells and modules.

The goal is to later construct a 1-gigawatt solar plant using materials from the factory. When the power plant is complete, the Turkish government will purchase power from the plant for 30 years, according to the agreement signed with Hanwha Q Cells.

For the first 15 years, the energy price will be fixed at $0.0699 per kilowatt-hour. For the rest of the contracted period, power will be sold at market price.

According to Hanwha Q Cells, the 1-gigawatt solar energy plant will be the largest in Turkey.

Hanwha Q Cells is working with Turkish Kalyon, a construction conglomerate. The two companies set up a 50:50 joint venture for the project in September.

The solar cell factory is scheduled to begin commercial operation in the first quarter of 2019.

About 700 officials including Prime Minister Binali Yildirim of Turkey and Berat Albayrak, minister of energy and natural resources, attended the ground-breaking ceremony on Friday.


BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]

More in Industry

DSME fined ₩15.3 billion for mistreating subcontractors

Hyundai, Naver to work together on connected car systems

SK Telcom merges two security services subsidiaries

KDB requests sit-down with Asiana unions about takeover

Are you Taycan to me?

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now