Hive Energy has achieved grid connection for its first project in Turkey. The 10 MW plant began generating power at the end of February, and is expected to generate around 18 million kWh per year.
The project’s US$11 million investment cost was financed by investors in the U.K. With the support of the British Chamber of Commerce in Turkey, Hive Energy established an office in Turkey in 2015, when it was reportedly looking to develop a 50 MW portfolio of projects.
“Throughout the planning and construction phase we worked hard to use local workmanship, materials and services,” said Hive Energy’s general manager for Turkey, Tolga Metin. “This park is an excellent example of how Foreign Direct Investment can have a positive impact on Turkey’s economic growth.”