First Solar has proven its adaptability to expand into emerging solar PV markets around the world. News today of contracts for 160 MW of its solar modules for two projects in Turkey confirms that it is keeping up a leading presence in the growing Turkish market.
The two contracts were signed in the first half of 2016 by First Solar and two Turkish companies, Basariarge Enerji A.S. and Zorlu Enerji. 100 MW of the modules are to go to Zorlu Enerjis projects in Turkey, which are expected to be completed in 2017, while the further 60 MW are for Basariarge Enerjis own projects, and for projects that it is providing EPC services for.
Zorlu Enerji and Basariarge Enerji join a fast-growing list of Turkish energy companies that benefit from the tangible upside that First Solars energy yield advantage delivers in the country, commented First Solars Chief Commercial Officer Georges Antoun. These agreements confirm assessments that solar energy in general, and First Solar technology in particular, is the right response to Turkeys energy security challengers reliably delivering cost-competitive electricity that addresses an immediate need. They also reaffirm First Solars belief in the sustainability of Turkeys solar energy market.
This year has seen Turkeys PV market continue to heat up with an increase in investment in the sector, as well an increase in solar companies looking to establish operations in the country. Additionally, the country recently opened an anti-dumping investigation into Chinese solar firms, which may have inspired developers to favor solar manufacturers from outside of China.
First Solar was one of the early solar manufacturers to see the potential in the country, opening up an office in Istanbul in 2014. Since then the company has secured module sale contracts for 300 MW in the country.
Our track record over the past two years reflects the trust that our customers in Turkey have placed in First Solar and in our modules technology, Antoun continued. We are very pleased with the progress that we have made and look forward to growing with our customers there.