ET Solar’s Turkish subsidiary ET Solutions Istanbul are already reaping the benefits of moving into the Turkish market. The company has landed two 1.1MW projects thanks to an investor in Antalya. Development works will start from this month and both projects are expected to feed into the local grid by the end of September 2015. ET Solutions Istanbul has managed to secure a two-year O&M contract as well and will provide investors with a performance ratio guarantee for the respective years. The EPC company will be using its own ET Solar brand modules for the two projects.
ET Solutions Istanbul has partnered with MEL Solar Energy, a local PV solutions provider based in Levent, to secure the two projects. Engineering plans from EMENA in Munich, Germany will guide the projects’ development.
ET Solutions Istanbul expect to develop around 50MW of solar PV plants in Turkey this year. It is currently in the final negotiation stages with investors and customers for the projects. The ET Solar subsidiary will also offer project financing from Turkish and international banks as well as aid to expedite approval and permits from the Turkish Electricity Distribution Company (TEDA?).