A Turkish subsidiary of China's Yingli Solar, Yingli Solar Turkey, last week signed a contract with Turkish solar firm Tekno Ray Solar for the realization of 30 MW of solar PV projects in the country.
The deal, which was signed at the ICCI 2014 Expo in Istanbul in late April, represents a significant foray into the Turkish PV market for Yingli, and helps bolster Tekno Ray Solars position as the leading solar company in Turkey.
Executives of both companies were present at the contract signing last week, which became the first pre-sale contract of the ICCI 2014 Expo to be signed. Yingli Solar's Southeastern Europe managing director, Dimitrios Bachadakis, who witnessed the collaboration, remarked that the deal was further evidence of Yingli's commitment to lead the solar industry into lucrative new markets with the help of local expertise.
"As Yingli Solar Turkey, instead of realizing projects directly, we prefer to provide services as a supplier for big investors working on interesting projects, and to convey the international experience of Yingli Solar," he said. "With this protocol, signed with Tekno Ray Solar, we will enable our globally qualified high-performance solar panels be included in Tekno Ray Solar projects, and reinforce our leading position."
Tekno Ray Solar's chairman of the executive board of Tekno Group of companies, Altay Co?kuno?lu, added: "In Turkey, which is the number one country in Europe in terms of solar radiation richness, we believe that we need to utilize the sun in order to contribute to both economy and nature.
"As Tekno Ray Solar, we blazed a trail by putting into use a solar power plant with a 2.5 MW total capacity in a very short period of time." Co?kuno?lu revealed that the company hopes to install 35 MW of PV capacity in 2014, adding that its partnership with Yingli Solar will help the Tekno Ray Solar achieve its aims.
April's ICCI, together with the Solarpraxis PV Power Plants Turkey conference, helped shine the spotlight on Turkey's PV potential, which is regarded as bullish despite the presence of some growing pains. Industry representatives believe that the country is on course to add at least 500 MW of PV capacity a year from 2016, driven by non-licensed projects of under 1 MW, which are forecast to account for between 100 to 200 MW of capacity to be installed over the course of 2014.
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